The Minister for Innovation, Industry, Science and Research, Senator
Kim Carr, has announced a review of Australia’s national
innovation system.

The Review Panel will identify gaps and weaknesses in the innovation system
and develop proposals to address them. In particular, it will:

• Identify a set of principles to underpin the role and participation of the public sector in innovation.
• Develop a set of national innovation priorities to complement
  the national research priorities, ensuring the objectives of research
  programs and other innovation initiatives are complementary.
• Identify regulatory and other barriers to innovation and recommend ways to minimise these.
• Examine the scope for simplifying and reducing program
  duplication and ensuring that any support provided is well-targeted and
  easy to access.
• Consider the appropriateness, effectiveness and efficiency of
  the Research and Development (R&D) Tax Concession Scheme in
  promoting innovation and make recommendations to improve innovation
  outcomes.
• Consider ways to improve the governance of the national
  innovation system to support higher expectations of government agencies
  and industry.
• Assess the appropriateness, effectiveness and efficiency of
  the Cooperative Research Centres (CRC) Program and make recommendations
  to improve innovation outcomes.