Turnbull calls for backing for innovation, R&D and productivity

Claims the NBN challenge is ensuring its benefits are enjoyed by as many as possible.

Malcolm Turnbull at Kickstart

Malcolm Turnbull at Kickstart

Australia is no longer a high wage, high skill economy competing against low wage, low skill economies, but rather competing against low wage, high skill economies, according to Shadow Minister for Communications and Broadband, Malcolm Turnbull.

As such, the government must create a judicious support environment to back innovation, research and development (RND), and productivity, he said at the Kickstart conference on the Sunshine Coast, Queensland.

There are still numerous impedements to overcome before this is possible, with "access to skilled persons in a particular location" and "lack of access to additional sources of funds" topping the list, Turnbull said.

In addition, the root of the issue is that Australia is a "highly educated country with a non-deferential culture, and does not feel it is doing good enough at innovation, and does not commercialise innovation and RND sufficiently."

The key drivers to counter these fronts are technology change, and the management and adoption of technology. Although, while the National Broadband Network (NBN) proposition promises to create a "digital nirvana" that will eliminate all challenges, the next issue is access.

He said that the productivity challenge is not just about finding the next Zuckerberg, but finding the plumber down the street and, therefore, the NBN challenge is ensuring its benefits are enjoyed by as many as possible.

"The biggest barrier to accessing Internet is not technology, but lack of income," Turnbull said. "The lowest percentage of people online are those in the lowest income bracket."

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags innovationMalcolm Turnbullproductivitynational broadband networkR&DTelecommunicationsNBN

 

Latest News

Feb 27
Bulletproof revenues up 46 per cent, AWS plays significant role
Feb 27
NEXTDC wins worldwide award for design excellence
Feb 27
Multimedia-savvy HTC phablet launches in Australia, from $499
Feb 27
The changing face of the datacentre
More News
04 Mar
2015 International Women's Day Melbourne Luncheon
25 Mar
2015 International Women's Day Sydney Luncheon
26 Mar
Navigating the Internet of Things Summit
26 Mar
Navigating the Internet of Things Summit
View all events