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Government procurement supporting national innovation
The Australian Government spends about $50 billion on procurement annually but ranks just 70th out of 140 countries on how well its procurement fosters innovation.
Australia needs to be a country that embraces risk, learns from mistakes, is ambitious and experiments to find solutions.
The Initiative is based on global best practices for procurement, adopting aspects of the United States’ Small Business Innovation Research (SBIR) programme and the United Kingdom’s Small Business Research Initiative (SBRI).
The SBIR in particular has successfully supported businesses in their early stages that have subsequently become global success stories, such as Symantec and Qualcomm.
This measure complements the Digital Marketplace initiative. While the Marketplace aim to make it easier for information technology companies to procure business from government, this measure aims to find innovative solutions to government procurement challenges.