Innovation Metrics Review
Innovation is essential for improving Australian productivity, living standards and creating new jobs. It is important that we measure innovation accurately.
Reliable data will help the government:
- understand how the innovation system is performing
- identify areas that need improvement
- inform policy and program development
- evaluate and adjust its intervention strategies
- drive better economic outcomes and improve the wellbeing of Australians
The Innovation Metrics Review aims to improve innovation measurement by the Government to support better decision-making.
The Innovation Metrics Review Taskforce will deliver a report to the government recommending:
- an appropriate data and measurement infrastructure for capturing innovation metrics that:
- is cost-effective
- sets out a roadmap for change
- a set of innovation metrics that:
- accurately measure and communicate innovation performance and its impacts
- is useful for government policy and program development
- can measure the impact of government policy initiatives on innovation
- may be compared internationally
The Australian Academy of Technology and Engineering is also undertaking a literature review. This will complement the Taskforce’s work and ensure recommendations meet the needs of all users of innovation data and metrics.
The Review started in May 2018 and is due to finish at the end of 2019.
Stakeholder consultation and case studies
The Taskforce has consulted with approximately 100 innovation system organisations and experts who have identified gaps, issues and opportunities for innovation metrics. It also examined existing metrics and prepared case studies on specific sectors to help test the quality of data sources.
We released a discussion paper on 7 March 2019 inviting public comment.
The paper provided an update on the review and summarised key issues identified during initial consultations. The process allowed a broader range of stakeholders to contribute and share issues.
We held an invitation-only innovation metrics workshop on 13 and 14 March 2019 in Canberra. Eminent leaders in innovation system measurement from Australia and overseas participated.
The workshop informed the review of international developments and shared ways to improve innovation measurement. Topics included entrepreneurship, hidden innovation and creative inputs into innovation.
Draft final report
We will release a draft final report for public comment.
Taskforce and committees
The Taskforce is co-chaired by the department’s Chief Scientist and Chief Economist. It consists of officers from within the department, as well as representatives from the Australian Bureau of Statistics and IP Australia. The Taskforce works closely with the Australian Academy of Technology and Engineering.
A Steering Committee and an Expert Group of Australian and international experts are assisting the Taskforce.
- The review was recommended in Innovation and Science Australia’s plan Australia 2030: Prosperity through Innovation.
- The government agreed to the review in their response to the plan and included it as a measure in the 2018-19 Budget.