The Strategic Examination of Research and Development, released 17 March 2026, is the latest review diagnosing Australia's innovation system and proposing reform. The panel's 20 recommendations are analytically sound and deliberately integrated. But the real test is implementation. Systemic reform must navigate sequential budgets, entrenched institutional resistance, and competing fiscal priorities, including defence, health, and cost-of-living measures.

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,