You are here

Australia to plough A$1.1b into switch from mining to tech

Country consistently ranks last or second-last among OECD countries for business-research collaboration

"Companies that embrace innovation ... are more competitive, more able to grow market share and more likely to increase their employment. More jobs, more growth." - Mr Turnbull


PRIME Minister Malcolm Turnbull on Monday unveiled a A$1.1 billion (S$1.12 billion) package to boost innovation in Australia, using his first major economic policy statement since becoming leader to map out a pathway beyond the country's fading resources boom.

The plan's...