Australian innovation and engagement with Asia is the theme of the Australian Innovation System Report 2013, the fourth in a series of Australian Government reports on the Australian innovation system. The core message of this report is that the rise of Asia presents many opportunities for Australia beyond the resources sectors. Seizing these opportunities will require an economy that is flexible, resilient and embraces market diversification. To achieve this, the comparative advantage of Australia’s proximity to Asia needs to be complemented with its competitive advantages in innovation and better knowledge of Asian markets.
This report continues, where possible, to update indicators established in previous reports and add new insightful indicators that show trends in the innovation system. Many of these indicators benchmark Australia’s innovation performance against other countries, primarily Organisation for Economic Co-operation and Development (OECD) countries.