What is innovation?
Innovation is taking something, such as an idea, product, or process, and making a change to it which significantly improves its use or function. It can be applied to a new concept or one that has been around for some time.
How can it affect my business?
Introducing innovation into your business can give you the momentum to take your business to the next level, be that to start growing, getting a better business profile among your peers or potential clients, or helping you to reach a wider market.
How can I be more innovative?
Research and development (R&D) can be used to enhance the productivity of your business. By conducting R&D, you can take the time to develop and test your ideas so that you can be sure they will be useful to growing your business.
What assistance is available for me to be more innovative?
There are several grants and support services available to innovators. The Innovation page on the Department of Innovation, Industry, Science and Research website provides information on national policy and programs for innovation. There are also many state based resources available to assist you in being more innovative.
How can I protect my business innovations?
One way you can protect your business innovations is to register for an Innovation Patent from IP Australia. This type of patent allows you to register quickly and unlike standard patents, you only need to have it examined when you need to stop others from copying your invention. Please be aware that until your patent has been examined and certified by IP Australia, you cannot legally enforce your patent.
Recent developments in Australia's Innovation system
A review of Australia's National Innovation System was recently conducted by an expert panel, and has been submitted to the government for consideration. The report, Venturous Australia - building strength in innovation, was released on 9 September 2008, and it is expected that the government will submit a white paper in response before the end of this year. Detailed within the report are 72 recommendations, covering suggested changes to current innovation programs, as well as suggestions for new programs to support the growth of innovation in Australia.