Can rethinking technology transform our economy?

Study ranks Australia as an innovation laggard, but the race isn’t over yet

While the study found Australia lacking in hi-tech R&D areas such as space exploration and nanotechnology, it found strength in more traditional areas of science and engineering like mining and raw material extraction.

Radjou said it was important for the country to recognize and play to its strengths, leveraging them for both domestic and global markets.

"If you look at what role Australia needs to emphasize more in the future, I would say the Broker role is more important," Radjou said. "The goal of the government should not be just in funding more R&D, but building bridges with other countries."

Australia should take advantage of its geographic position in becoming a gateway to Asia for Western countries, Radjou said. This would require research organizations, trade associations, and the government to invest in more trade missions to attract partner companies and nations.

Researchers and universities are already acting very aggressively in promoting Australia as an innovation gateway, he said, but these informal relationships should be backed by the government for good international networks to form.

"Companies can do their best, but there are a lot of things that the government has to do as well to take it to the next level," he said. "I think without some sort of formal support from the government, these informal networks can really not take off."

Radjou raised the example of Ireland, a leader in the Transformer role whose government-funded Ireland Development Agency conducts trade missions all over the world to help build R&D partnerships in Europe and Japan. The Australian Government could think about formalizing network links with the rest of the world in the same way, he said, starting with Asia.

Australia's diverse population can also lend itself to the Broker role as long as the nation and its companies can capitalize on multinational backgrounds and start producing more people who are multilingual.

"Not only do you have very creative people, but you also have very diverse people," he said. "You are [Australia is] a bit like the U.S. in that you are an immigrant country, which is a great asset, but the asset has to be exploited. You have to figure out a way to take advantage of that diversity, versus just being aware of the diversity."

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Liz Tay

Show Comments

Brand Post

Most Popular Reviews

Latest Articles


PCW Evaluation Team

Jack Jeffries


As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr


The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Aysha Strobbe

Microsoft Office 365/HP Spectre x360

Microsoft Office continues to make a student’s life that little bit easier by offering reliable, easy to use, time-saving functionality, while continuing to develop new features that further enhance what is already a formidable collection of applications

Michael Hargreaves

Microsoft Office 365/Dell XPS 15 2-in-1

I’d recommend a Dell XPS 15 2-in-1 and the new Windows 10 to anyone who needs to get serious work done (before you kick back on your couch with your favourite Netflix show.)

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?