It argues that, following the SBII, any proposed change of policy direction will face significant challenges in its implementation, requiring a fully committed and comprehensive embrace by Government of the new APS engagement framework and greater levels of deliberative democracy. It then examines a newly proposed innovation policy framework, Stimulating Business Investment in Innovation (SBII), set against a background of the shifting mix of paradigms that have comprised Australian innovation policy over the last 40 years. This paper presents findings from a new study of stakeholder perceptions as to the National Innovation and Science Agenda's impact on innovation partnerships, and synthesises outcomes from two prior studies.
Recalibration of R&D-related policies and incentivisation will require careful consideration, with constructive lessons to be learned from outcomes over the last four decades. Collaborative partnering in innovation research and development (R&D) between private industry and higher education has increasingly emerged over the last decade as a leading key performance indicator for government policy development, and higher education research funding allocations.
In a post-COVID-19 world, innovation stimuli and well-aligned policies will assume even greater importance as various sectors seek to recover lost ground and to generate new opportunities.
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