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Boston reveals lessons for an innovative future

1 December 2015

Assistant Minister for Innovation Wyatt Roy today welcomed Microsoft’s report, Accelerating Australia’s innovation ecosystem: Lessons from Boston and recommendations for a unique path forward.

The document was prepared in the wake of a visit to Boston last July by an Australian delegation including Mr Roy, business leaders, academics and other supporters of innovation and technology.

Mr Roy said the north-eastern US city had embraced innovation, technology and entrepreneurialism as a pathway to future growth.

“There were certainly some lessons in how to transform to an innovation-led economy,” Mr Roy said.

“In Boston, there is a real effort around culture, capital, talent, collaboration and government leading by example. These are certainly the focal points that we should be working towards in Australia.

“At the same time, we need to find our distinctly Australian model for innovation. We have so many natural advantages that we can draw on – including our enviable lifestyle and proximity to Asia.

“It’s now a matter of getting the policy settings and culture right, in order to encourage entrepreneurial spirit and the connecting of various parts of the innovation ecosystem.

“The Australian government believes an innovation-led economy is vital to our nation’s future.

“I applaud this report for the insights gained from the Microsoft delegation to Boston.”

Find the report here: Accelerating Australia’s innovation ecosystem: Lessons from Boston and recommendations for a unique path forward.

Media contact: Mr Roy's office: (02) 6277 4646