Innovation to increase business competitiveness and productivity
Innovation is recognised by Local, State and Federal Government as a key factor to increase business competitiveness and productivity. Businesses that innovate are 60 percent more likely to increase their profits and are twice as likely to increase their productivity and employment.
The City of Joondalup Economic Development Strategy recognises the link between business growth and innovation and is active in identifying, supporting and promoting strategies and programs that enhance local innovation.
|Local Government Support|
|City of Joondalup Innovation Fund - Through this Fund the City of Joondalup recognises the opportunity to foster local initiatives that will bring and create new business activities into Joondalup.
• Innovation Fund Overview
|Joondalup Innovation Hub -The City of Joondalup welcomed a November 2017 commitment from State Government to provide $800,000 to support the establishment of a Joondalup Innovation Hub. The Hub will bring together the public, private and research sectors. With an initial focus on cyber security, other industries are expected to be able to access the Hub as it grows.
• City of Joondalup Media Release
• ECU Media Release
• State Government Media Release
|State Government Support|
|New Industries Fund - a $16.7 million fund to support and accelerate new and emerging businesses to diversify the Western Australian economy and create new WA jobs and industries. Includes support of the Joondalup Innovation Hub.
• Fund Overview
• Fund Website
|Innovation Vouchers Program - A competitive grant program of up to $20,000 per business to enable SMEs to develop greater opportunities to commercialise their ideas and innovations and expand to create jobs. Program scheduled for review in 2018.
• Program Overview
|WA Innovator of the Year Awards -Showcases innovative and entrepreneurial individuals, businesses and creative minds.
• Program Overview
|Small Business Development Corporation (SBDC) - provides helpful information on fostering and protecting business innovation.
• SBDC Innovation Information
|Federal Government Support|
|The Australian Government National Innovation and Science Agenda (NISA) encourages businesses to embrace risk, entrepreneurship and be innovators in every field.
• Read the NISA Overview for Business
The AusIndustry division of the Australian Government’s Department of Industry, Innovation and Science provides support and programs in relation to business growth, productivity, competitiveness, innovation, research and development and commercialisation.