and investment barriers across Europe and to support the business driven management and utilisation of intellectual property rights in companies easier and less costly.
Improved performance of seed and early stage investments. To improve performance of seed and early-stage investment industry,
we need to simultaneously address: Investment readiness in potential innovative and growth SMES. This is an area where government initiatives are needed
since Europe does not have the capital structure of the US where private money is much larger than the Venture capital industry.
This understanding may be acquired through entrepreneurial and early stage investment experience and needs its own policy measures.
Stimulate and create conditions for larger seed funds Seed funds make money on follow-up investments, not on entry investment.
not only equity based investment but also loans, guarantees etc. adapted to companies having predominantly intangible assets. Demand driven support measures to stimulate the use and demand for innovations.
and the resulting slow recovery, benefitting both from previous economic reforms and the mining investment boom.
and we will need to find new sources of growth as the resources investment boom fades.
entrepreneurship, investment and hard work is important to foster innovation in Australia. Likewise, much will be required of our workforce,
and set in train significant new investment in public infrastructure. We recognise that much more needs to be done.
and will focus on reforms in investment and infrastructure, trade, competition, employment and participation. As G20 president, Australia will show leadership in pursuing a new wave of economic reform.
the Government is increasing public investment and encouraging greater private investment in infrastructure, and improving infrastructure project selection, funding,
and researchers on a plan to focus the Government's $9. 2 billion per year investment in research to get a better commercial return. 1the Government will make it easier and cheaper to do business by:
Reducing the taxation burden Australian governments rely on tax revenue to fund the public investment and services on which society and the economy depend,
and investment to improve access to high-quality, low-cost goods and services. This will benefit consumers
Endorsed, with State and Territory Trade and Investment Ministers, five priority areas where governments will collaborate to attract
and facilitate foreign investment in Australia: agribusiness and food; major infrastructure; tourism infrastructure; resources and energy;
Appointed investment specialists to Austrade to facilitate foreign direct investment projects to support these foreign investment priorities.
The Government will continue to work towards concluding a free trade agreement with China that boosts trade and investment and builds upon our strong and rapidly growing economic relationship.
encourages investment and supports jobs growth. The Government aims to create a world's best practice higher education
including by involving Austrade in the process of determining eligible complying investments; aligning qualifying investments with Australia's five investment priorities (outlined in Ambition 1;
and introducing a premium stream for people investing more than $15 million. Returning the workplace relations system to the sensible centre The workplace relations system has an important role in ensuring workers'rights,
the Government is committed to increasing public investment and encouraging greater private investment in infrastructure, and improving infrastructure project selection, funding, financing and delivery.
Greater public and private investment in economic infrastructure Actions already taken: Increased total Commonwealth investment in transport infrastructure to $50 billion through to 2019-20.
Provided, as part of this investment, $11. 6 billion to establish an Infrastructure Growth Package, which should reduce congestion
and improve market access for goods and labour. This includes: $5 billion over five years toward the Asset Recycling Initiative,
and recycle the sale proceeds into new productivity-enhancing infrastructure this will leverage close to $40 billion of new infrastructure investments;
and measures to expedite infrastructure investments, including work on major projects such as Melbourne's East West Link Western Section (stage 2), Adelaide's North South Corridor, the Perth Freight Link, the Toowoomba Second Range Crossing,
Appointed a Senior Investment Specialist to Austrade to facilitate foreign investment in Australian infrastructure. TPO00007 Industry Innovation and Competitiveness Agenda Industry Competitiveness xviii Industry Innovation and Competitiveness Agenda Recalibrated the National Broadband Network to use the most cost effective technology
Established a ministerial working group to identify priorities for fast-tracking investment in water infrastructure. Actions to come:
The Government will use the 15-year infrastructure plan commissioned from Infrastructure Australia to inform future infrastructure investment.
delivering a‘Team Australia'approach to support trade and investment through leadership of trade missions by the Prime minister and senior Cabinet ministers to priority markets;
and researchers on a plan to focus the Government's $9. 2 billion per year investment in research to get a better commercial return,
and unilaterally reduce trade and investment barriers. Effective tariffs in OECD economies have halved in the past 30 years,
Barriers to foreign investment and skilled labour have also been reduced, allowing these to move to where the commercial returns
exports are now worth one dollar in every five of national income (Chart 4). Foreign investment in Australia has increased fivefold over the past 25 years,
and there has also been strong growth in Australian investment overseas (Chart 5). Access to international capital, skilled workers,
Many of the massive scale projects that have underpinned the resources investment boom, like the US$18. 5 billion Gladstone Liquefied Natural gas (LNG) project in Queensland, have depended on international capital, expertise and materials (Santos,
) Imports and the inflow of foreign investment and skilled migrants have not only helped to physically build our economy,
resources investment surged from $18 billion to $113 billion, the resources sector workforce trebled to over 260,000 people
1994 2004 2014 A$billion (2011-12) Foreign investment in Australia Australian investment overseas Chart 5:
Overseas investment Note: Deflated by Consumer price index Data Sources: ABS, 2014d; ABS, 2014e. -10-5 0510 15 20 25 30 35-10-505 10 15 20 25 30 35-3-2-1 0
Many industries have bright prospects With the resources investment boom now fading, Australia will need to look to new sources of growth and jobs in coming years.
Continued growth is expected as ongoing urbanisation in Asia will require greater investment in infrastructure and so demand will increase for our resources.
A well-developed financial system founded on sound prudential regulation that efficiently manages risk and channels savings to the highest return investments.
Open trade and investment policies that provide access to international markets, expose domestic businesses to international competition and spread new technologies and practices.
reducing corporate tax rates, deregulating and improving competition, making investments in infrastructure and skilled workforces, and giving research a greater commercial focus.
including through less reliance on government, freeing up business and more long-term investment. To this end, the Government is pursuing world's best practice for competitiveness, productivity and growth, with reform on several fronts.
To support open trade and investment, the Government recently concluded negotiations of trade agreements with both Japan and South korea it is estimated the Korea Australia Free trade Agreement alone will add $650 million to the Australian economy every year from 2030 (Centre for International
and will focus on reforms in investment and infrastructure, trade, competition, employment and participation. As G20 president, we will show leadership in presenting a new wave of economic reforms.
While it is critical that policy settings are conducive to business investment and growth, it is businesses not politicians
It provides a framework for boosting Australian industries'competitiveness and driving greater innovation and investment across the nation.
and investment, fostering innovation and entrepreneurship, facilitating the development of skills and capabilities in our people and businesses, reducing red tape and other business burdens,
and opportunities are likely to offer the highest returns on investment. In a market economy, which sectors prosper,
lead to swifter decisions and improve Australia's investment climate, while maintaining high environmental standards.
Australian governments rely on tax revenue to fund the public investment and services our economy and society depend on,
Ambition 1 35 The Government is committed to a better taxation system to promote innovation, entrepreneurship, investment and growth.
Cutting corporate taxes will encourage investment, and should boost real wage growth and employment. The Government is committed to a simpler and more sustainable tax system.
These include the Temporary Budget Repair Levy on high income earners to pay down public debt and the indexation of fuel excise to fund critical investment in roads infrastructure.
and investment, lifting our competitiveness and living standards (Productivity Commission, 2005). Australia has lowered our average tariff rates from around 13 per cent in the early 1970s to 2. 7 per cent in 2012, the lowest in the G20 (Lloyd, 2007;
Australian businesses also depend on foreign investment, so the Government is making it easier for significant investment to proceed.
Our average investment rate of 28 per cent of GDP over the 10 years to 2012 is considerably higher than the average investment in the G20 of 25 per cent and the 21 per cent average of the OECD (World bank
2014a). ) Australia's free trade agreements have included provisions to improve access to foreign capital. In addition, the Government will help significant investment to proceed
and contribute to growth, employment and transfer of new skills and technologies. To ensure that Australia is open for business,
the Government is appointing five Senior Investment Specialists to Austrade from the private sector. These specialists will facilitate foreign direct investment projects in areas of strength including agribusiness and food;
major infrastructure; tourism infrastructure; resources and energy; and advanced manufacturing, Trade advantages from our‘clean
These align with the five national investment priorities for investment attraction that have been agreed by all States and Territories and the Commonwealth in February 2014.
Removing barriers to professional services investment Australia has an open and competitive professional services sector,
Liberalisation has positioned Australia to take advantage of the internationalisation of professional services, both through increased foreign investment in Australia and opportunities for Australian businesses through better linkages to overseas markets.
which discourage investment and limit the continued expansion of Australia's professional services sector. Acknowledging the Commonwealth does not have Constitutional responsibility for this policy area,
to promote competitiveness and increase foreign investment. Increasing domestic competition to reduce costs and improve goods
Ambition 1 41 The Government considers that Australia is not fully realising the investment and export potential of our rich energy resources due to burdensome regulations and restrictions at all levels of government.
attracting investment and creating a stable investment environment; putting downward pressure on electricity price rises, increasing competition and consumer choice,
In the case of electricity prices, this reflects heavy investment in utilities infrastructure and also costly environmental policies (Department of Industry, 2013b.
We will encourage regulatory settings that do not lead to over-investment in infrastructure and increase transparency in the gas market to improve certainty for businesses.
and the registry services of the Australian Securities and Investment Commission. The Government's Asset Recycling Initiative will provide incentive payments to the States to privatise assets
The firm's applications and consulting services help to administer financial products for the investment, superannuation, pensions, life insurance and private wealth industries.
encourages investment, and supports jobs growth and higher wages, reflected in Table 2 (International labour organization, 2011).
The paper argues that investment in STEM is a key contributor to boosting productivity, creating more and better jobs,
The effectiveness of greater investment in STEM will depend on appropriate adaptation to the Australian context.
Expanding the investment visa programme The Government will also expand and improve the significant investment visa programme.
At present, Significant Investor visas (SIV), which can provide a pathway to permanent residency, are available for applicants having an eligible investment in Australia of A$5 million for a minimum of four years.
An internal review in 2014 by the Department of Immigration and Border Protection found that Australia faces stiff competition from other countries with similar investor visa programmes,
and better direct additional foreign investment, while maintaining safeguards to ensure the migration programme is misused not.
align the criteria for eligible (or‘complying')investments with the Government's national investment priorities.
The investment eligibility criteria will be determined by Austrade in consultation with key economic and industry portfolios;
with investigative and information-gathering powers modelled on those available to the Australian Securities and Investments Commission.
increasing public investment in economic infrastructure; improving infrastructure project selection, funding, financing and delivery; and encouraging greater private sector investment in infrastructure.
Economic infrastructure for the 21st century Economic infrastructure roads, rail, ports, airports, energy, water and communications networks is key to Australia's competitiveness.
BETTER ECONOMIC INFRASTRU CTURE TPO00007 Industry Innovation and Competitiveness Agenda Industry Competitiveness 62 Industry Innovation and Competitiveness Agenda While investment in better economic infrastructure is needed to support Australia's competitiveness,
There has been significant investment in public infrastructure in recent years, but the investments have not always been the right ones (ABS, 2014g;
Productivity Commission, 2014d. There is also scope for increased private sector involvement and investment in public infrastructure, particularly in transport.
The Government is making public and private investment in the right infrastructure a priority. Box B5:
Increasing demands on Australia's infrastructure Increasing congestion is costing an estimated $15 billion per year (Department of Infrastructure and Regional Development, 2014c.
highlighting the importance of sustainable investments in broadband technology and regulatory regimes that ensure the benefits of low cost distribution via the internet are passed on to businesses and consumers.
Ambition 3 63 Increasing public investment in economic infrastructure As announced in the 2014-15 Budget,
Over the next six years, the package will take the Commonwealth's total investment in transport infrastructure to $50 billion,
The package includes a $5 billion Asset Recycling Initiative to unlock new infrastructure investment. The Government will provide incentive payments to States
the initiative will create opportunities for investors and increase private sector investment in quality infrastructure assets around Australia.
The package will bring forward investment in key roads and boost funding for existing infrastructure programmes,
The Government will examine further investments and upgrades to the national rail network where appropriate.
The Infrastructure Investment Programme will boost the Commonwealth's total investment in transport infrastructure to $50 billion through to 2019-20.
This is expected to leverage a further $75 billion of investment from the States and Territories and the private sector.
Taken together, this means in excess of $125 billion of additional infrastructure investment, adding an estimated 1 percentage point to GDP once construction is completed.
A Ministerial working group has been established to identify priorities for fast-tracking investment in water infrastructure. It has considered a variety of options
This will enable better investment planning and allow governments to put in place appropriate policy and regulatory processes to support that growth,
In addition to ensuring the right investments in new infrastructure it is important that the best use be made of existing infrastructure assets.
Encouraging greater private sector investment in economic infrastructure The Government is seeking to increase private sector investment in economic infrastructure.
and pension funds to invest in the development of Australian infrastructure as part of the Government's foreign investment priorities.
which has reduced the commercial viability of private sector investment. However, government budgetary constraints mean that the traditional model of funding
Attracting greater private sector investment in appropriate circumstances will drive efficiencies in building and operating infrastructure
Ambition 3 67 To leverage private investment, the Government is prepared to use alternative financing arrangements to complement traditional grant funding.
equity investments, phased grants and other targeted payments. These mechanisms will be considered on a case-by-case basis. An example of this approach is the Government's $2 billion concessional loan to accelerate delivery of the second stage of the Westconnex project in New south wales.
In addition, we have appointed to Austrade a Senior Investment Specialist with expertise in public-private partnerships to facilitate investment by foreign construction companies, financiers and sovereign wealth funds into Australian infrastructure.
this Senior Investment Specialist will work closely with States and Territories as well as Commonwealth government agencies responsible for infrastructure development.
This investment will ensure Australia can continue to advance world leading medical research projects and attract and retain first class researchers.
The Government is also helping Australian businesses develop international markets and win productive foreign direct investment.
and investment through leadership of trade missions by the Prime minister Innovative technologies help Tasmania's AQ1 Systems compete in the world Specialising in optical and acoustic sensing technology,
or overseas investments where their bank is unable to provide all the support they need. In addition
accelerate private sector investment in high value non-automotive manufacturing sectors in Victoria and South australia;
and support investment in non-manufacturing opportunities in affected regions. TPO00007 Industry Innovation and Competitiveness Agenda Industry Competitiveness 72 Industry Innovation and Competitiveness Agenda Further proposals Proposal 13:
attract private sector investment and bring new ideas to market. This will address the lack of early stage finance for commercialisation.
The Government's investment will be no more than 50 per cent and up to $1 million in project funding.
Funding will be provided on a competitive basis. Success of the Centres will be measured by increased investment, employment, productivity and sales, reductions in red tape,
and provide advice to the Government on its overall approach to investment in science and research, areas of national strength and future need,
and quality of Australia's investment. It will also focus on improving collaboration and commercialisation of Australia's high quality science and research output, including through improving connections between government, research organisations, universities and businesses.
The Australian Securities and Investment Commission will also be consulted, given its oversight of disclosure documents involving the offer of financial products (like options and shares).
including through less reliance on government, freeing up business and more long-term investment. Standing still on economic reform is not a viable option.
if we are to sustain our economic performance as the population ages and the mining investment boom fades.
The Budget also put in place the building blocks needed for our future prosperity by prioritising investment over immediate consumption.
To support open trade and investment, the Government has concluded successfully trade agreement negotiations with both Japan
Mid 2014 late 2014 7. Removing barriers to professional services investment The Department of Foreign affairs
Expanding the investment visa programme The Minister for Trade and Investment and Assistant Minister for Immigration will consult stakeholders on the implementation of the visa enhancements.
Late 2014 TPO00007 Industry Innovation and Competitiveness Agenda Industry Competitiveness 90 Industry Innovation and Competitiveness Agenda Reform Consultation pathway Projected timeframe Industry policy
Balance of payments and International Investment Position, cat. no. 5302.0. Australian Bureau of Statistics. Canberra: Commonwealth of australia. ABS. 2014e.
) Infrastructure investment macromonitor. Bureau of Infrastructure, Transport and Regional Economics. Canberra: Commonwealth of australia. BITRE. 2013c). ) Infrastructure Yearbook 2013.
Private research investments must be strengthened in order to safeguard long-term knowledge development in industry. At the same time, the Government will increase research investments in the public sector,
and make it easier for commercialising good business ideas. The public sector is facing major challenges, which cannot be solved merely by increasing resources and personnel.
innovation in these areas Follow up investments in the High North strategy and present a national strategy for marine bioprospecting Present an overall strategy for marine industries Follow up the national strategy for the tourism industry Follow up the national strategy for the maritime industries
and increase investments in research equipment Strengthen regional research activities by allocating NOK 6 billion to regional research funds Submit a white paper on research to the Storting Research and development 19 To improve the quality of healthcare services
/The HM Treasury website sets out the UK ten-year investment framework for science and innovation alongside the 2004 Spending Review.
and stimulate the staff Whoever is interested in the organisation, in terms of contracting, funding, VC investment, or acquisition. 2. 1. 3. Where Technology Audit applies
whether this investment should be made, Magic Books decided to apply the Decision making Process. The problem was defined already:"
Based on this information, Magic Books decided that getting a webpage was an investment, which they were willing to risk.
investment requirements Programme breakeven time Proposed customer quotation Updated programme schedule Programme staffing issues Programme risk issues NPD process deviations Final Design Review issues
and proposed resolution Customer satisfaction & issues Cost targets vs. estimates Programme budget Tooling & equipment investment and budget approval Programme breakeven time
and time savings of 70 to 90 percent"by incorporating rapid prototyping into their investment casting process.
Equipment investment cost (€) Influenced by need for special (expensive) equipment. Equipment operating cost (€/car
avoiding wasteful investment in research and development (R&d) and marketing creating a corporate identity through a trademark
This helps to ensure a fair return on investment. An effective system of protection also benefits consumers and the public at large,
and contribute to the growth of the national economy through employment creation, investments and exports.
This does not lie, for example, in heavy investments, which are connected with this concept, but simply in the choice itself.
Cost effective return on R&d investments by entering into new markets where the IP owner may not be able to access.
an investment is required. This is a major hurdle to many SMES which may have a very high potential
unless they have guarantees that they will be able to recover their investment in the case of success as well as failure.
such as the European commission, the European Investment Bank and the European Investment Fund, have generated schemes to support innovation within SMES."
The investment is made not with view to an immediate profit, but is made expecting the company to grow
and thus increase the value of the investment.""Innosupport: Supporting Innovation in SMES"-8. 1. Financing Innovation in Europe page 176 of 271 The advantages of venture capital are that no security needs to be given,
so if the investment doesn't bear fruit, the risk is with the investor as much as with the company
This is therefore not really an investment on the part of the bank, but rather a loan as we know it from personal banking.
Understandably, a business angel who has worked in a particular sector is attracted to investments related to his/her expertise.
or rejecting a proposed investment. Business angels are unfortunately not merely pools of funding and experience
The investor will certainly be interested about how his investment will be spent and also what return may be expected from the presented project.
Market research is a big investment, so it is a good idea to process the returns in a way that will allow reuse.
Thus, the investment that was necessary to implement the new linguistic skills has paid certainly off
And from just 1997 to 1999, flows of foreign investment nearly doubled. The diversification of external trade is another example of globalisation."
Intercultural Competencies and the Innovation Process page 266 of 271 Foreign Investment External Trade (as percentage of World Trade)" Innosupport:
Thus, the investment that was necessary to implement the new linguistic skills has paid certainly off
The bank provides loans for investment projects, such as water and sanitation, natural resource management education and health.
United nations Conference on Trade and Development (UNCTAD) www. unctad. org is a permanent intergovernmental body of the UN that aims to maximise the trade investment
which do not require a high level of capital investments. Potential strategies, for instance, could be: o Cooperative agreements with local research institutions and/or firms o Outsourcing of parts of the innovation process o To limit the financial burden of setting up
World Investment Report 2005: Transnational Corporations and the Internationalization of R&d, United nations Conference on Trade and Development, Geneva.
or their investments in innovations. Another key issue for SMES is their ability to keep abreast of the latest developments affecting their sector.
If not, what other measures are warranted to correct market failures that affect the financing of investment in innovation,
such as pro-innovative investment tax credits and allowances. Encourage cooperative agreements with governmentpaid R&d infrastructure (universities, research institutes.
and create high returns of investment. The SME instrument addresses all types of innovative SMES so as to be able to promote growth champions in all sectors.'
34 9 Assessing the Investment Potential of SMES Emerging from Phase I of the SME Instrument 34 10-Eureka Annual Membership Fee...
and create high return on investment. The SME instrument addresses all types of innovative SMES so as to be able to promote growth champions in all sectors.
and analysed during phase 1 and addressed during phase 2 to increase the return in investment in innovation activities.
Increase of private investment in innovation, notably leverage of private co-investor and/or follow-up investments.
market seize, IP management, sales, return on investment and profit). Type of action: SME Instrument The conditions related to this common call are provided below and in the General Annexes,
or regional authorities (including under the European Structural and Investment funds) and/or by private investors (upfront or as follow-up investments).
Expert contracts 9 Assessing the Investment Potential of SMES Emerging from Phase I of the SME Instrument This action will establish a group of investment specialists, operating in a personal capacity,
to assess the investment potential of SMES emerging from Phase I of the SME Instrument24.
The work of the expert group will be essential to get a better overview of the investment-readiness landscape in Europe,
to ensure that entrepreneurs are prepared better to negotiate effectively with potential investors, to increase the number of investments made into early-stage firms
and to ensure a greater commercialisation of scientific knowledge in Europe. The experts concerned will be qualified highly
This action is linked to an investment readiness measure (Call H2020-BIR-2014 in the Access to Risk Finance Work Programme
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