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.

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