Innovation is a key driver in creating long-term economic growth and resilience for a nation. It also brings unrivalled improvements in living standards for citizens, such as lengthening average life expectancy, creating jobs and opportunities, and raising wealth.
Australia has a rich history of research and development having developed and exported hugely successful inventions like WiFi, Cochlear implants and the flight recorder. But currently only 12 of the 2,500 global R&D leaders are Australian.
Providing these early stage companies with access to finance, a business network, skilled workers and specialised facilities is vital.
It’s time for leaders to recognise the enormous benefits of investing in science and technology and the clear and significant opportunity for financial return from R&D.
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Australia's deep tech giants are "thirty-year overnight successes". As we seek to recover and transform the economy post-COVID-19, we believe we can draw on our deep tech strengths to build a healthy society, high quality jobs, and a robust sustainable economy.
Read more of our insights from our twenty-two year journey
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Deep tech ventures are led by the impact they create: tackling antibiotics resistance, helping farmers grow more food, or developing carbon capture technology.
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