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5 Key Areas Australia Has a Competitive Edge

Supplier: Matthews Australasia By: Trent Munro
10 November, 2014

According to the Federal Government's 'Industry Innovation and Competitiveness Agenda', Australia has a competitive advantage in 5 key industries, including food, pharmaceuticals and advanced manufacturing.

At the core of the agenda are "Industry Growth Centres". These centres will increase Australia's competitiveness and productivity in the five industries by focusing on areas of competitive strength, helping Australia transition them into smart, high-value and export-focused industries.

The not-for-profit centres, which will be rolled out from early 2015, aim to:

  • get more businesses to identify and participate in global supply chains and markets
  • build the export-ready capabilities of companies in the 5 sectors
  • increase the commercialisation of new ideas
  • improve collaboration between businesses, scientists and researchers, so new processes can be adopted and new products developed
  • identify ways to remove "stifling regulation" (that's what the federal document says!), which is a burden on Australian businesses
  • implement skills strategies to make the nation's workforce ready for the future

The 5 centres are:

  • Food and Agribusiness Centre
  • Medical Technologies and Pharmaceuticals Centre
  • Advanced Manufacturing Centre
  • Mining Equipment, Technology and Services Centre
  • Oil, Gas and Energy Resources Centre

Read the full article, including the types of things each centre could do and how to get involved.