Stimulating business investment in innovation

RDA Hunter encourages local businesses to invest in innovation to improve their chances of surviving and thriving in today's competitive economy.

Recent evidence reveals a shift from investment in research and development innovation to non-R&D innovation as a pathway to economic growth and jobs creation. Developing new and improved business models, new approaches to building customer trust and investing in software are some examples of non-research and development innovation.

On 20 June 2019, RDA Hunter shared its knowledge of local businesses and the regional economy at a Discovery Workshop, Influencing Innovation Policy to Address Business Challenges, conducted by the Office of Innovation and Science Australia (OISA).

OISA has now released a report which explores opportunities to stimulate business investment in innovation and how policy settings can address barriers to innovation. "It is pleasing to see a Hunter based firm, GreenBe, highlighted as a Case Study in the OISA report:", said Trevor John, Director of Regional Development, RDA Hunter. "And for our RDA to be able to contribute to efforts which inform government policy to attract investment, create jobs and grow regional economies".

The report is available at https://www.industry.gov.au/data-and-publications/stimulating-business-investment-in-innovation