INNOVATION – AUSTRALIA

Leaders say fiscal stimulus is the answer

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Original article by James Thomson, Tony Boyd
The Australian Financial Review – Page: 13 & 27 : 10-Dec-19

Tax cuts and increased spending on infrastructure are among the suggestions from business leaders to help stimulate the Australian economy. Rio Tinto CEO Jean-Sebastien Jacques has urged the federal government to revive its push for corporate tax relief, while Woodside Petroleum CEO Peter Coleman has called for the introduction of an investment allowance to boost business confidence. Meanwhile, Telstra CEO Andy Penn has stressed the importance of innovation to Australia’s future economic growth.

CORPORATES
RIO TINTO LIMITED – ASX RIO, WOODSIDE PETROLEUM LIMITED – ASX WPL, TELSTRA CORPORATION LIMITED – ASX TLS, COCA-COLA AMATIL LIMITED – ASX CCL, BENDIGO AND ADELAIDE BANK LIMITED – ASX BEN, ENERGYAUSTRALIA PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, SEEK LIMITED – ASX SEK, AUSTRALIA. DEPT OF THE TREASURY

Australia’s miners don’t have innovation plan, says report

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Original article by Tess Ingram
The Australian Financial Review – Page: 16 : 20-Jun-17

VCI’s latest "Innovation: State of Play" report has found that around 98 per cent of Australian mining professionals regard innovation as "important" or "critical" to their long-term business strategy. However, just 26 per cent said their company’s time-frame for innovation is at least three years. In contrast, 63 per cent of South African mining companies have a long-term focus on innovation. VCI’s founding partner Graeme Stanway says that, amongst other things, local mining companies need to stress the importance of innovation when engaging with investors.

CORPORATES
VCI, RIO TINTO LIMITED – ASX RIO, BHP BILLITON LIMITED – ASX BHP, SOUTH32 LIMITED – ASX S32, FORTESCUE METALS GROUP LIMITED – ASX FMG, AUSTRALIA. DEPT OF INDUSTRY, INNOVATION AND SCIENCE

Australia fails to export its ideas and innovations

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Original article by Yolanda Redrup
The Australian Financial Review – Page: 3 : 16-Aug-16

Australia has fallen two places on the Global Innovation Index since 2015. Nigel Andrade, global lead partner at AT Kearney, says Australia’s 19th place in 2016 could be improved via greater emphasis on exporting innovation. Australia is among global leaders in tertiary education participation, infrastructure and IT, but it lags behind in spending on secondary education and the number of graduates in science and engineering.

CORPORATES
AT KEARNEY AUSTRALIA PTY LTD

Reward those who take risks: Packer

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Original article by Damon Kitney, Christine Lacy
The Australian – Page: 3 : 21-Dec-15

Australian businessman James Packer says the nation must encourage entrepreneurship and innovation, and reward businesses and individuals for taking risks in order to succeed. He also stresses the need for Australia to have a quality education system in order to become a "smart country" following the end of the resources boom. Packer is holding talks with groups such as private equity firms regarding a proposal to delist Crown Resorts.

CORPORATES
CROWN RESORTS LIMITED – ASX CWN, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, QANTAS AIRWAYS LIMITED – ASX QAN, BHP BILLITON LIMITED – ASX BHP, SEEK LIMITED – ASX SEK

Growth ‘gazelles’ leap offshore, we get left behind

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Original article by Caitlin Fitzsimmons
The Australian Financial Review – Page: 35 : 25-Aug-15

Most government assistance in the technology sector is targeted at early-stage entrepreneurs, while growth companies are under-serviced and left to find their own way. Once companies move beyond the "exciting, early-stage start-up" they are subject to pressure pulling them offshore. Two recent examples are Shoes of Prey, which moved to Los Angeles leaving a branch office in Sydney, and Bigcommerce, which now has an American CEO and 400 staff in San Francisco and Austin, compared to 50 in Sydney.

CORPORATES
SHOES OF PREY PTY LTD, BIGCOMMERCE PTY LTD, ATLASSIAN SOFTWARE SYSTEMS PTY LTD, UNIVERSITY OF SOUTH AUSTRALIA, AUSTRADE, TYRO PAYMENTS, PWC CONSULTING (AUSTRALIA) PTY LTD, GOOGLE AUSTRALIA PTY LTD, CAMPAIGN MONITOR PTY LTD

Fear of failure stifles innovation: McKeon

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Original article by Ruth Liew
The Australian Financial Review – Page: 27 : 26-Mar-15

Australian companies must become more innovative, AMP chairman Simon McKeon said on 25 March 2015. He noted that local businesses are more risk-averse than their US counterparts. He said foreign investors like Australia’s "AAA" credit rating. McKeon is also the chairman of CSIRO, whose funding was reduced in the 2014 federal Budget

CORPORATES
AMP LIMITED – ASX AMP, JP MORGAN AUSTRALIA LIMITED, CSIRO, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG

Fear of failure stifles innovation: McKeon

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Original article by Ruth Liew
The Australian Financial Review – Page: 27 : 26-Mar-15

Australian companies must become more innovative, AMP chairman Simon McKeon said on 25 March 2015. He noted that local businesses are more risk-averse than their US counterparts. He said foreign investors like Australia’s "AAA" credit rating. McKeon is also the chairman of CSIRO, whose funding was reduced in the 2014 federal Budget

CORPORATES
AMP LIMITED – ASX AMP, JP MORGAN AUSTRALIA LIMITED, CSIRO, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, MACQUARIE GROUP LIMITED – ASX MQG

Smart clothesline on the way as Hills chases innovation

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 21 : 24-Jun-14

Hills is continuing its strategy of growth through acquisitions in the health, security and audio sectors. It acquired Audio Products Group in late June 2014. CEO Ted Pretty said that the company was seeking one or two larger acquisitions as well. Hills is also developing innovative products, including a smart clothesline that releases a rain cover if bad weather is predicted

CORPORATES
HILLS LIMITED – ASX HIL, AUDIO PRODUCTS GROUP PTY LTD, AUSTRALIA. BUREAU OF METEOROLOGY