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Dialogue to bolster Australia-US business and research links

6 December 2017

The Australian Government has signed an agreement with the United States Council on Competitiveness that supports efforts to strengthen business and research links between both nations.

Assistant Minister for Industry, Innovation and Science Craig Laundy today signed a Letter of Intent to establish an Australian-United States Chief Technology Officer Dialogue with the President of the US Council on Competiveness, The Hon Deborah Wince-Smith, at a ceremony at Parliament House.

The CTO dialogue will build on the activities of the US Council of Competitiveness Technology Leadership Strategy Initiative, which is an influential coalition of America’s top technology leaders, led by companies such as Lockheed Martin, John Deere and Boeing.

“Their interest in this dialogue illustrates that Australian companies and research institutions are well regarded internationally and have a lot to offer,” Mr Laundy said.

Through the dialogue, Australian technology and innovation leaders will have the opportunity to engage with American counterparts, sharing common challenges and opportunities in the innovation and technology space.

This strategic engagement on areas of mutual interest will help launch deep business partnerships, supporting the innovation goals of both nations.

Today’s ceremony was attended by innovation leaders from Australian companies, universities and research institutions.

“Our innovation system has many strengths, but there are also some areas where Australia could do significantly better,” Mr Laundy said.

“We are determined to lift the level of engagement between Australian businesses, universities and the research sector to commercialise and share ideas and solve problems, particularly with international partners.

“This is a fantastic opportunity to learn from and work with world class American companies and research organisations.

“The Government is facilitating the CTO dialogue, but its sustainability is ultimately about business to business partnerships. I’m encouraging Australian industry to grasp this opportunity,” Mr Laundy said.

The CTO dialogue will be held in 2018.

Media contact: Minister Laundy's office 02 6277 4345