Corporate Australia has a patchy record on innovation. Some companies excel at innovation while others are bogged down by complacency. Recently, both government and business have claimed they are more serious than ever about improving our economy-wide international competitiveness. Innovation has become a grave orthodoxy, joylessly worshipped by business bureaucrats and unworldly policy wonks alike.
But with the federal government’s MYEFO this month came news that seven of the Innovation Australia initiatives to be cut for budget savings have already been scrapped.