How should governments engage with innovation ecosystems? Research by the Acton Institute, examining over 90 innovation districts globally, finds no governance model that reliably outperforms others. What matters is whether arrangements align with local institutional foundations and address each ecosystem's binding constraint, the weakest capability that limits returns from all other investment. This Insight catalogues twelve governance categories from Silicon Valley to Singa

Australia's SERD report, Ambitious Australia, strengthens the research system but treats it as though it were the innovation system. This Innovation Insight argues for two shifts: defining innovation as the successful application of new ideas rather than production of research outputs, and widening the frame beyond science and technology to include creative practice, social innovation and place-based ecosystems. Firms, users and places, not universities alone, should be at th

Australia performs strongly in research, yet struggles to translate this into innovation outcomes. This Insight argues that the SERD report reinforces this divide by treating the research system as a proxy for the innovation system. While funding, governance and capital reforms are well developed, the report underweights management capability, industry structure, demand-side dynamics and place-based ecosystems that ultimately determine whether research delivers economic and s

The Denholm Review presents Australia’s innovation system as a reinforcing flywheel coordinating research, firms, and growth. This Insight challenges that framing. It argues that the central constraint is the absence of strong market formation, capital depth, and global integration. Without these, policies risk improving internal coherence while failing to generate globally competitive outcomes. The question is whether Australia is building a system it can manage, or one that

Innovation ecosystems often contain the same institutions but produce very different outcomes. This Insight argues that the difference lies in “rate-limiting complements” such as trust, talent density, patient capital, governance capability, and access to markets. Identifying which complement is binding at a given stage may explain why many innovation policies underperform.

Artificial intelligence is generating unprecedented investment and uncertainty. This book argues that AI outcomes depend less on the technology itself and more on what it combines with: data quality, management capability, workforce skills, governance capacity and institutional design. A structured framework for policymakers and executives making decisions before the evidence is complete.

Artificial intelligence is reshaping industries, yet its productivity impact remains elusive. This Innovation Insight argues that the real challenge lies in outdated models of measurement and policy. To navigate the AI era, governments need a new playbook—one that measures transformation, not just outcomes, and builds the adaptive capacity of national innovation systems.

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,

RMIT University’s Enabling Impact Platforms (EIPs) connect researchers, industry, and government to accelerate research translation and deliver outcomes that matter. Covering advanced manufacturing, health, sustainability, and more, the EIPs act as system integrators—breaking down silos, seeding collaborations, and aligning research with national and global priorities.

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 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.