This Report addresses the Terms of Reference of the Senate Economics References Committee inquiry into the Australian Innovation System. The Report recommends that Government should take action, in collaboration with research organisations and business, to lift innovation performance in five Strategic Action Areas: leadership and policy direction; building enterprise capability; lifting investment in science and research; supporting local innovation ecosystems; and addressing skills formation through an integrated tertiary education system.

This report also appears as an attachment to Australia's Innovation System report listed below.