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:
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:
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.
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.
We will release a draft final report for public comment.
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.