Manufacturers with constant R&D investments have a higher chance of succeeding in the global market. To attain the best professional advantage, investment in R&D comes hand in hand with processes such as market development and new business processes.
The Australian Government supports clean energy innovation across the spectrum of research and development, demonstration and deployment.
Australia has pledged to double government clean energy research and development expenditure on 2015 levels by financial year 2020-21 while encouraging greater levels of private sector investment in transformative clean energy technologies.
ICT is central to services, processes and products across virtually all sectors of the economy. Data61 estimates improvements to information technology industries as adding upwards of $315 billion to the Australian economy over the next decade.
The life sciences or biological sciences industries comprise the branches of science that involve the scientific study of life and organisms – such as microorganisms, plants, and animals including human beings.
One of the fastest growing areas of innovation being supported by government grants and incentives, Recycling is quickly becoming a key Australian industry of focus.
The new Labor government will likely be introducing further industry assistance for this industry soon.Food and beverage is a major industry sector for the Australian economy, in terms of both its financial contribution and employment. Food and beverage processing is Australia’s largest manufacturing industry, and is included in Australia’s six national manufacturing priorities.
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