Australia’s Future in Research and Innovation—2016 Parliamentary Committee
Submission Overview
The ECA is encouraged to see the current Australian Government elevating the importance of innovation to the Australian economy. Our prosperity as nation will result from an economy focused on innovation and productivity. The ECA believes research and innovation can play an important role in overcoming Australia’s geographic, economic and labour challenges.Australia is seen internationally as an innovation leader; our innovation input (such as research and human capital) was ranked 10th in the 2014 Global Innovation Index, while we ranked 22nd in innovation output. Australia’s Innovation efficiency ratio ranking however, sits at 81st— indicating that we are not fulfilling our innovation potential.
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Eric Meppem,
Co-Founder & Commercial Director,
Pharmako Biotechnologies Pty Ltd
Member of the ECA
"Pharmako Biotechnologies were already exporting when we joined the ECA. We joined to assist our export strategies, and unashamedly to promote ourselves
through the Australian Export Awards. As a small business, third party recognition and industry membership assist when dealing with large
multinational businesses."
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