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RDA ACT welcomes release of Statement of Principles for Australian Innovation Precincts

RDA ACT welcomes the recent release of the Statement of Principles for Australian Innovation Precincts by Minister Karen Andrews, including that a joined up approach to precincts, city deals and regional development is needed.

The Australian Government wants to foster economic growth, community development and sustainable job creation through higher levels of collaboration, research commercialisation and innovation – including innovative entrepreneurship, and innovation within existing businesses.

Domestic and international evidence on innovation precincts demonstrates that successful precincts encourage increased collaboration between researchers and end-users, fostering higher levels of innovation, knowledge transfer, and commercialisation to drive sustainable economic growth and job creation. Precincts also deliver business and social benefits.

The Statement of Principles for Australian Innovation Precincts focuses on how innovation precincts can advance national priorities around increasing collaboration and economic growth.

Click here to access the report

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