Minister Susan Close announces the State Government’s ‘Growth Through Innovation’ Economic Priority at IPAS
We had the pleasure of Minister Susan Close visiting IPAS this morning and giving a press release from the Fibre Drawing Tower Laboratory. Below is the State Government press release:
Growth through innovation targets increased exports, investment
South Australia will fill the economic gap created by the looming closure of Holden by harnessing innovation to increase exports and investment in research and development. Manufacturing and Innovation Minister Susan Close said South Australian businesses must innovate if they want to compete on global markets. “Growth through innovation isn’t just one of the 10 economic objectives, it is an essential necessity if South Australia wants to continue to be a place where we make things,” she said.
“We need to encourage our risk-taking entrepreneurs and foster greater collaboration between our thinkers and our manufacturers.” Speaking at the policy launch at the University of Adelaide’s Institute for Photonics and Advanced Sensing, Dr Close said Growth through Innovation sets out six short-term and six medium-term objectives that will help minimise the impact of losing Holden. “By the time the last Holden rolls of the production line at Elizabeth, we should be able to say we have achieved all 12 of these objectives,” she said.
Our Growth Through Innovation objectives to be reached by 2017 are:
CREATE $400 million of new manufacturing export products
INCREASE annual investment in R&D to at least $1.5 billion
ESTABLISH Tonsley as a nationally and globally connected innovation hub
USE public and private procurement decisions to support innovation and local businesses BOOST local industry participation in major defence projects
ENTRENCH Techport Australia as the national centre for building and maintaining complex warships and submarines
Dr Close said our universities are creating centres of excellence which can drive the next wave of sophisticated manufacturing in this State. “Whether it is North Terrace, Techport or Tonsley, South Australia is establishing itself as a place where innovation can thrive,” she said. “The next step is to convert this research and development into products and services that the world wants to buy.” Dr Close said the priority document shows there are a host of things the State Government can do to drive success. “We can start by attracting four additional companies to locate to Tonsley within the next 12 months,” she said.
“Within a year we can identify opportunities for growth in higher value-added industries, increase the awareness by business of the importance of skill development and secure a commitment from the Commonwealth to adopt a strategic national approach to naval shipbuilding.
“We can also improve the links between business, research institutions and government agencies to support product development, guide export readiness and encourage innovation.
“And we can encourage the adoption of new technologies as they emerge from our centres of excellence such as Tonsley, SAHMRI and the University of Adelaide’s Institute for Photonics and Advanced Sensing.”
Further information about the SA Government’s Growth through Innovation priority can be found at: economic.priorities.sa.gov.au.
Businesses, academics, students and other members of the community are encouraged to use the web link to submit their ideas, initiatives and success stories
Posted on December 16, 2014, in IPASnews, Media and tagged institute for photonics and advanced sensing, ipas, Minister Susan Close, State Government Minister Susan Close. Bookmark the permalink. Leave a comment.