FTI Delta’s Post

In May 2024, the Government announced a "strategic examination" of the entire R&D system to "strengthen its alignment with Australia's priorities" and generate better outcomes. This "root and branch" review of public research funding presents a critical opportunity to transform an underperforming and fragmented system. However, we still await an announcement of the Review Panel and Terms of Reference. For decades, Australia has struggled with entrenched challenges in research funding, governance, and translation of research into economic and societal value. Australia can build a more resilient, innovative, and impactful research system by learning from international models and adapting them to deliver targeted reforms in the Australian federal context and Westminster system of individual ministerial responsibility. Reform will, however, require bold action and sustained commitment. Incremental change will not address tradition-bound practices and processes or deeply entrenched mindsets that characterise the current research funding system. The Review must aim for genuine transformative change, align research investments with national priorities, and ensure that Australia's research efforts contribute meaningfully to the country's future economic and social prosperity. #Innovation #ResearchFunding #Australia #R&D #EconomicGrowth #SciencePolicy #Commercialisation #PublicPolicy #NationalStrategy #TechAustralia https://wix.to/YOyXZpU #newblogpost

https://lnkd.in/gmb9C_Qs Ideologies and politics may be fraught with inherently polarising forces, but the rising re-globalization of talents in innovation, enterprise and goodness is the bastion of optimism. It has the strong potential to funnel the diverse human perspectives into a greater outcome for uplifting socio-economic betterment at scale.

Collaboration is the key to connecting opportunity and investment to unlock growth and prosperity. By bringing together public and private sector decision-makers, innovators and experts in their fields, the Midlands Economic Summit is a crucible for thought leadership, motivating the action in partnership that will lead to a strong, inclusive and growing regional economy. The Summit will explore five major themes: Midlands devolution recognises that local leaders are best placed to make local decisions. How can we leverage this opportunity to build stronger public-private investment partnerships? Midlands collaboration is powerful and committed to achieving more together. How can connecting collectively with even greater ambition, urgency and scale accelerate growth and investment? Midlands innovation has a rich heritage that that continues today in the form of world-leading R&D. How can we capitalise on and commercialise this to drive investment back into the region? Midlands places matter to our communities, businesses and economies. How can we deepen and connect collaborative and transformational placemaking to drive inclusive growth? Midlands businesses are resilient in the face of challenge but hungry for growth. How can we empower our private sector to thrive by creating the best conditions for investment and growth at scale and speed? The Midlands Economic Summit will consider these and many other thought-provoking questions as we work together to tackle barriers and capitalise on opportunities to drive investment and power growth. Visit our website to book your tickets for The Midlands Economic Summit 2024 on Monday 10th June at The Vox: https://lnkd.in/ewY2uQkj

Collaboration is the key to connecting opportunity and investment to unlock growth and prosperity. By bringing together public and private sector decision-makers, innovators and experts in their fields, The Midlands Economic Summit is a crucible for thought leadership, motivating the action in partnership that will lead to a strong, inclusive and growing regional economy. The Summit will explore five major themes: Midlands devolution recognises that local leaders are best placed to make local decisions. How can we leverage this opportunity to build stronger public-private investment partnerships? Midlands collaboration is powerful and committed to achieving more together. How can connecting collectively with even greater ambition, urgency and scale accelerate growth and investment? Midlands innovation has a rich heritage that that continues today in the form of world-leading R&D. How can we capitalise on and commercialise this to drive investment back into the region? Midlands places matter to our communities, businesses and economies. How can we deepen and connect collaborative and transformational placemaking to drive inclusive growth? Midlands businesses are resilient in the face of challenge but hungry for growth. How can we empower our private sector to thrive by creating the best conditions for investment and growth at scale and speed? The Midlands Economic Summit will consider these and many other thought-provoking questions as we work together to tackle barriers and capitalise on opportunities to drive investment and power growth. Visit our website to book your tickets for The Midlands Economic Summit 2024 on Monday 10th June at The Vox: https://lnkd.in/ePHydZCH

Collaboration is the key to connecting opportunity and investment to unlock growth and prosperity. By bringing together public and private sector decision-makers, innovators and experts in their fields, the Midlands Economic Summit is a crucible for thought leadership, motivating the action in partnership that will lead to a strong, inclusive and growing regional economy. The Summit will explore five major themes: Midlands devolution recognises that local leaders are best placed to make local decisions. How can we leverage this opportunity to build stronger public-private investment partnerships? Midlands collaboration is powerful and committed to achieving more together. How can connecting collectively with even greater ambition, urgency and scale accelerate growth and investment? Midlands innovation has a rich heritage that that continues today in the form of world-leading R&D. How can we capitalise on and commercialise this to drive investment back into the region? Midlands places matter to our communities, businesses and economies. How can we deepen and connect collaborative and transformational placemaking to drive inclusive growth? Midlands businesses are resilient in the face of challenge but hungry for growth. How can we empower our private sector to thrive by creating the best conditions for investment and growth at scale and speed? The Midlands Economic Summit will consider these and many other thought-provoking questions as we work together to tackle barriers and capitalise on opportunities to drive investment and power growth. Visit our website to book your tickets for The Midlands Economic Summit 2024 on Monday 10th June at The Vox: https://lnkd.in/ewY2uQkj

Should government lead innovation? In this talk, Mariana Mazzucato , author of "The Entrepreneurial State," argues that governments should take a more active role in driving innovation and creating economic mechanisms to support it. She discusses: * The role of government in fostering innovation ecosystems * How governments can create economic incentives for innovation This is a great resource for anyone interested in the future of innovation policy. #innovation #economics https://lnkd.in/gxvxQZBb

Sustainable growth must be underpinned by innovation. Read this detailed analysis by my colleagues Antoine Nasr , Georges Assy and Raif Abla on how innovation is at the heart of a nations development and growth. #expertswithimpact #publicsector #innovation Santi Jansa Conchita Davies-Conejero Eleonora C.

❝To unlock investment into new technologies and sectors, Europe will need to find ways to change its economic model.❞ With European firms investing 40% less in R&D than in the US and holding under 5% market share in key technologies like AI, the investment gap in Europe threatens jobs, social welfare and the net-zero transition. To turn the tide, Europe must prioritise unleashing both public and private investment. Bold action is needed now to secure Europe’s competitiveness, ensuring its prosperity and leadership in the global economy for decades to come. Echoing this, participants at last week's #TEPS2024 Summit highlighted the need for increased investment to boost Europe's Europe's faltering competitiveness. 👇 Learn more in this #CriticalThinking article by Jan Mischke, Partner at McKinsey Global Institute and Sylvain Johansson, Senior Partner at McKinsey & Company. #Europe #Competitiveness #Innovation #Digitalisation

By activating thoughtfully developed policy recommendations, we can build a just, inclusive, and resilient economy. First, let's talk about access to opportunity:

🚀 Exploring the UK’s New Industrial Strategy 🚀 Profs Phil Tomlinson, David Bailey, and Michael Lewis discuss the UK government's plan to drive economic growth through regional development, green innovation, and tech investment. 🌍🔋 While the strategy is promising, challenges around Brexit and widening inequalities remain. Can it truly reshape the economy? Read the full blog to dive into the details and insights from these leading experts 👇 https://lnkd.in/ea5XzYh3 repost The Conversation UK #IndustrialStrategy #UKEconomy #Innovation #RegionalDevelopment #GreenGrowth #Brexit #FutureOfWork