New innovation precincts guide released today

Australia’s innovation precincts will help drive industry research cooperation and economic growth, according to a new publication released today.

Today the Australian Government released a Statement of Principles for Australian Innovation Precincts, which provides a guide for developing innovation precincts across Australia. The Statement was developed in collaboration with a committee of advisors from industry, universities and state and territory governments.

Advisory committee member, SGS Principal and Partner Andrew McDougall, said: “The Statement of Principles is excellent in that it highlights the essential role of local leadership, collaboration and competitive advantage in successful innovation precinct development. However, it doesn't provide much direction identifying precincts that are most likely to succeed and, therefore, should be prioritised for support."

The publication aims to help:

  1. Foster industry–research collaboration
  2. Ensure initiatives effecting innovation precinct development align with the Australian Government’s agenda for increasing innovation and collaboration
  3. Connect stakeholders locally, nationally and internationally, and
  4. Facilitate local leaders’ access to the best available evidence on developing and running an innovation precinct.

Click to download the Statement of Principles for Australian Innovation Precincts:


For more information, contact Andrew McDougall on telephone + 61 3 8616 0331 or via LinkedIn.