The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for showing the role of public investment in innovation for economic growth. The award signals the formal absorption of innovation into the mainstream neoclassical economic paradigm. While this marks a watershed moment, it also raises questions about intellectual lineage and disciplinary boundaries. This 'paradigm capture' may now create direct competition for the heterodox

The Handbook of Innovation Ecosystems provides a framework for charting a course for Australia to “move from fragmented, project-based initiatives to a coherent, adaptive, strategically integrated innovation system”. It will be of assistance to the Minister for Industry and Innovation and Minister for Science Tim Ayres as he is faced with expectations of transformative action in a ‘budget neutral’ funding environment.

Policymakers, business strategists, innovation professionals, and researchers are increasingly being asked to invest in, create, or replicate innovation ecosystems. Until now, a clear framework for understanding what ecosystems are, how they function, and what enables their success has been largely missing, particularly in Australia. The Handbook of Innovation Ecosystems: Placemaking, Economics, Business, and Governance, just published by the Acton Institute for Innovation,

Australia measures productivity and R&D but neglects consistent data on business investment in skills. Too often, employers call for government subsidies rather than funding structured training themselves. In an economy shaped by AI, quantum and digital disruption, innovation requires companies to take responsibility for workforce upskilling. Without systemic change linking growth to human capital development, Australia risks falling further behind its international competito

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

Innovation ecosystems often exist as dormant networks despite structural potential. The critical difference between contact lists and active collaboration lies in problem-focused interaction, trust-building, engagement, and governance mechanisms that align diverse organisational incentives. Successful activation requires shared challenges that demonstrate mutual value, system integrators that facilitate cross-sector engagement, and policy frameworks that reward collaborative

Sydney has impressive innovation assets, top universities, vibrant tech, and leading health precincts, but underperforms as a unified ecosystem. With 33 councils and competing districts, the city lacks the integration seen in Amsterdam, Boston, Singapore. New research argues Sydney must stop mimicking Silicon Valley and instead build metropolitan-scale coordination, trusted intermediaries, and collaborative governance to turn fragmented brilliance into global competitive adv

Research analysing 26,000+ startups globally reveals founder personalities predict success with 82.5% accuracy. Teams combining diverse personality types are twice as likely to achieve successful exits. Six distinct founder personalities identified, from technical "Fighters" to business-focused "Leaders." For Australian innovation policy, this suggests moving beyond supporting individual entrepreneurs to fostering personality-diverse founding teams through redesigned policies

Software is the invisible engine of Australia’s real economy. It silently powers everything from energy grids to medical diagnostics, mining automation to advanced manufacturing. Too often, software is left out of economic plans, policy settings, and capability strategies. It’s time to treat software as national infrastructure — a strategic enabler, not just commercial code. If we want productivity growth, energy transition, and sovereign control of critical systems, we need

For the first time in many years, there is a genuine opportunity to move beyond the oppositional politics that have hindered structural reform. This new parliamentary composition—more diverse but potentially less fractious—opens the door to building coalitions of the willing for major national reform. If we are to grasp this political moment, we must also confront the structural ambiguity that has long undermined innovation policy in this country. 

In today’s constrained fiscal environment, governments are rightly asking hard questions. Why should public funds support innovation districts and precincts unless there is clear evidence of productivity uplift, industry renewal, or public benefit? This Insight explores the economic, industrial, and civic value of innovation ecosystems. It argues for a shift in focus—from short-term outputs to long-term productivity gains. It also offers a practical framework for measuring wh

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

Innovation has shaped prosperity and progress, yet its virtues are increasingly threatened by political opportunism and corporate betrayal. How can governments, firms, and individuals protect innovation’s role as a force for good? This Insight from Professor Mark Dodgson shows the way

How can innovation policy become both empirically rigorous and open to wisdom that cannot easily be measured? This new Innovation Insight examines the strengths of evidence-based policymaking in building accountability and transparency, while also questioning whether excessive reliance on measurable outcomes risks excluding critical interdisciplinary perspectives. As research and innovation challenges become more complex, the need for richer, integrative policymaking grows.

Crises aren’t just moments of danger—they’re windows of opportunity for transformative change. This Innovation Insight explores why mission-oriented innovation policy (MOIP) has become a global force for tackling society’s biggest challenges. The secret behind MOIP is a compelling narrative that empowers governments to move beyond simply “fixing” markets and instead actively shape them, fostering innovation that addresses real-world needs, to reframe policy, for the public