The launch of the National Innovation and Science Agenda (NISA) in 2015 marked a watershed moment for Australian policy, placing entrepreneurship at the centre of the nation's economic future. This analysis looks at how NISA's initiatives, particularly the overhaul of the Venture Capital Limited Partnership (VCLP) and Early-Stage Venture Capital Limited Partnership (ESVCLP) regimes, successfully stimulated the early-stage funding ecosystem. It also discusses the critical chal

Current debates about artificial intelligence often miss the fundamental difference between AI that replaces human capabilities and AI that amplifies them. Drawing on lessons from economic history and organisation theory, this insight argues for a focus on augmentation. For Australia, choosing to augment human expertise with AI is critical for building an economy that thrives on creativity and avoids the long-term risks of deskilling our workforce.

Startups serve as the primary engines of growth in innovation districts, but they are not all born from the same crucible . Understanding their specific origins is crucial for any nation or region seeking to build a competitive innovation ecosystem. This insight explores four distinct foundational models:the Academic Cradle, Government Blueprint, Corporate Spinoff, and Cultural Uprising, to see what lessons other innovation districts and precincts hold for Australia's policy

New research examining 80+ international innovation districts reveals what drives success. From MIT's Kendall Square to Singapore's One North, thriving ecosystems integrate placemaking, economics, business development and governance. Success comes from institutional capabilities and relationships, not impressive buildings. Australian policymakers can learn from global best practices whilst avoiding common pitfalls like property-led development models

Australia’s search for an industrial policy has been long and contested. Centralised models drawn from small unitary states do not fit the realities of a vast federation with diverse regional economies. This Insight argues that the way forward is mission-oriented and place-based: the Commonwealth defines national missions and platforms, while States and regions adapt and deliver through their own specialisations, building resilience, competitiveness, and innovation.

Australia’s productivity woes stem from more than tax or regulatory inertia. As Emeritus Professor Roy Green argues, decades of industrial decline, underinvestment in research, and a failure to embrace strategic transformation have left the economy exposed to global shocks and wage stagnation. Green outlines a pragmatic agenda for industrial renewal—joining up policy, innovation, and workforce development—to secure Australia’s economic future.

The tectonic shifts in the global economy—from manufacturing to services, from tangible goods to intangible assets—demand more than incremental adjustments to our statistical and analytical frameworks, Australia, a nation increasingly powered by services and innovation, risks undermining its competitiveness by clinging to an outdated framework. The case for adopting modern, flexible, and globally aligned industry classification systems has never been more compelling.

Australia’s economic future depends on lifting productivity through deliberate, coordinated innovation efforts. This demands more than tax breaks or start-up hype. We need systemic clarity about innovation; mature ecosystems that enable diffusion, PMI-oriented public intervention, regional governance, and outcome-based metrics. Only then can Australia boost competitiveness, inclusivity, and resilience beyond legacy sectors and cyclical growth.

Ministerial speeches at the start of a new tenure rarely change the course of history, but they do set the tone and expectations. When Senator Tim Ayres addressed the CRA Collaborate Innovate Conference on 20 May, he stepped into a familiar ritual in the ebb and flow of policy leadership: the scene-setting speech. For a minister with just a week on the job, the question is not “Did he deliver a new vision?” but “How well did he manage the balancing act between expectation and

With 30 Ministers and a growing cohort of Assistant Ministers, the Second Albanese Ministry is structured for delivery. But is that enough? This new Insight explores how administrative consolidation may be masking a retreat from bold reform, especially in research, innovation, and productivity

Modern public administration is now defined by systemic complexity, marked by institutional fragmentation, overloaded systems, and the rise of symbolic reformism. Today’s policy failures are not just technical—they’re conceptual. Consensus without strategic alignment, reform without clear problem framing, and consultation without coherence all contribute to a landscape where governments “do more” but achieve less.

Australia's Future Made in Australia strategy risks building the factories of tomorrow while outsourcing their digital brains. This new Innovation Insight argues that Computer and Information Services (CIS)—including software, AI, and cloud platforms—must be recognised as essential infrastructure, not an afterthought. This Insight proposes a dedicated Digital Enablement stream into the FiMA National Interest Framework. Without this, we risk building yesterday’s industries wit

Despite decades of consensus that Australia must diversify beyond resource dependence, policy action has repeatedly stalled. This new Insight from the Acton Institute unpacks this paradox as a slow-moving crisis—a systemic drift that erodes capability, legitimacy, and future prosperity. The Insight explores why structural reform so often fails, and argues that policy effectiveness in the 21st century depends not just on what governments do, but how they make sense of what mus

Australia’s innovation policy needs a paradigm shift. There must be a framework to support sustainable growth across all growth businesses

Australia's industrial policy is shifting with the Future Made in Australia Act. However, there are concerns about potential inefficiencies