Australia’s Trade and Investment Minister to Launch Joint Australia – India Innovation Report
A landmark report by Australian and Indian scientists has identified the benefits increased collaboration projects will deliver for both countries, while also driving science and technology innovation in the 21st century.
The Hon Andrew Robb AO MP, Australia’s Trade and Investment Minister, will launch the report during Australia Business Week in India (ABWI) from January 12 -15 2015.
The Science Technology Innovation Report, originally released in 2013 is a collaboration of the Australia India Institute (Aii) and the Australian Academy of Technological Sciences (ATSE) and Engineering with support from Rio Tinto.
The 2014 edition has been updated to take account of recent developments in the collaborative relationship in science technology innovation between India and Australia.
Professor Amitabh Mattoo, Chief Executive of the Australia India Institute and Professor of International Relations, University of Melbourne said this was the first ever report written collaboratively by more than 100 experts from Australia and India.
“This is a path breaking report on an area of critical importance to the two countries. We look forward to working with the two governments for the implementation of the recommendations of the report,” said Professor Mattoo.
The report contains a set of commissioned articles on key aspects of this vitally important subject for our two nations, including the impact of globalisation, the international context, the challenge of inclusive innovation, grass roots innovation, and the critical question of financing for innovation,” he said.
The report also contains an analysis of the Australia India Strategic Research Fund, Australia’s single largest bilateral project of its kind with any nation to date.
Nicola Watkinson, Senior Trade and Investment Commissioner – South Asia, Australian Trade Commission, said this report further demonstrates how both countries are developing a closer working relationship across many areas.
“Indian companies are increasingly partnering with Australian research institutions and life sciences companies for their R&D programmes. They are also licensing Australian life sciences products, technologies and exploring contract research opportunities with Australian research institutions,” said Ms Watkinson.
This is demonstrated by the current total of 250 collaborative agreements between Australian and Indian research institutions, a massive increase of 400 per cent since 2003.
Australia’s research institutions, universities and technology companies are among the best in the world and offer significant potential for partnerships in the life sciences, information technology, agribusiness, manufacturing and energy sectors.”
The Australian Trade Commission has implemented a five-year Innovation Strategy to further promote Australian innovation in India, demonstrated by the Innovation Showcases held in 2013 and 2014.
The Task Force was led jointly by Australia’s Professor Robin Batterham AO FREngg FAA FTSE and India’s Dr Ramesh Mashelkar FRS FTSE; while Professor John Webb OAM was the convenor.