Close Menu
Stratnews GlobalStratnews Global
    Facebook X (Twitter) Instagram
    Trending
    • Researchers Identify Four Autism Subtypes, Opening Doors for Personalised Care
    • Bitcoin Soars to Record on Institutional Demand, Ether Also Rises Sharply
    • Kyiv Allocates $6.2 Million to Launch Drone Interceptor Programme Against Russian Attacks
    • Chang’e-6 Samples Reveal Moon’s Far Side Secrets and Volcanic Past
    • Airbus to Build Two PAZ-2 Radar Satellites for Spain’s Defence Ministry
    • India and Mexico Explore Industry 5.0 Synergies Following Digital Empowerment Summit 2025
    • Britain Invests €163 Million in Eutelsat to Challenge Starlink in Europe
    • A New Foreign Policy Playbook?
    Stratnews GlobalStratnews Global
    Write for Us
    Saturday, July 12
    • Space
    • Science
    • AI and Robotics
    • Industry News
    Stratnews GlobalStratnews Global
    Home » Australia Begins Major R&D Review to Drive Economic Diversification

    Australia Begins Major R&D Review to Drive Economic Diversification

    Aditya LenkaBy Aditya LenkaDecember 2, 2024 Space No Comments2 Mins Read
    Australia

    Australia Launches R&D Review to Boost Economic Growth

    The Government of Australia has appointed Robyn Denholm, chair of Tesla, to lead a comprehensive review of the nation’s research and development (R&D) performance. The initiative aims to create a strategic framework that bridges the gap between research and industry, enhancing economic diversification and growth.

    Focus on Revitalising R&D

    Denholm will collaborate with three other panellists from academia and business to evaluate Australia’s current R&D landscape. The team is expected to recommend ways to make the nation’s approach to R&D more impactful and aligned with industry needs.

    Minister for Industry and Science, Ed Husic, highlighted the importance of the review, saying, “It’s been almost 20 years since we asked the hard questions about our R&D performance, despite the alarming slide over the last decade. This review is designed to give us an evidence-based pathway to stronger growth.”

    The Need for Economic Diversification

    Although Australia ranks among the world’s wealthiest nations, its economy heavily depends on resource industries. This over-reliance has hindered diversification, leaving the country lagging in global rankings of economic complexity. According to a Harvard University index, Australia stands at 93rd out of 133 countries, falling behind nations like Uganda and Malawi.

    The government hopes that strengthening R&D will play a key role in building a more robust and diverse economy, reducing dependence on resource exports.

    Robyn Denholm’s Leadership and Expertise

    Robyn Denholm’s appointment brings considerable experience to the task. Before leading Tesla’s board, she held senior roles at Juniper Networks, a US technology firm, and Telstra, an Australian telecommunications company. Forbes recognised her influence last year, ranking her the 80th most powerful woman globally.

    At the press conference, Denholm focused on the R&D review, sidestepping questions about Tesla CEO Elon Musk and his past criticisms of the Australian government’s tech policies. She remarked, “Today is all about the R&D review that the government has announced.”

    Strengthening Industry Collaboration

    The review is expected to provide actionable insights for boosting innovation, fostering partnerships between research institutions and businesses, and positioning Australia to compete more effectively in global markets.

    The government anticipates that these efforts will help transform Australia into a more diverse and resilient economy, better equipped to navigate future challenges.

    With inputs from Reuters

    Author

    • Aditya Lenka
      Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

      View all posts
    Featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Reddit Telegram WhatsApp
    Aditya Lenka
    Aditya Lenka

      A multi-faceted professional with a diverse range of skills and experiences. He currently works as a Producer, Digital Marketer, and Journalist for several well-known media outlets, namely StratNewsGlobal, BharatShakti, and Interstellar. With a passion for storytelling and a keen eye for detail, Aditya has covered a wide range of topics and events across India, bringing a unique perspective to his work.When he's not busy producing content, Aditya enjoys exploring new places and cuisines, having traveled extensively throughout India. He's also an avid writer and poet, often penning his thoughts and musings in his free time. And when he wants to unwind and relax, Aditya spends time with his two loyal companions, Zorro and Pablo, his beloved dogs.Aditya's dynamic personality and varied interests make him a unique individual, always eager to learn and experience new things.

      Keep Reading

      Researchers Identify Four Autism Subtypes, Opening Doors for Personalised Care

      Bitcoin Soars to Record on Institutional Demand, Ether Also Rises Sharply

      Kyiv Allocates $6.2 Million to Launch Drone Interceptor Programme Against Russian Attacks

      Chang’e-6 Samples Reveal Moon’s Far Side Secrets and Volcanic Past

      Airbus to Build Two PAZ-2 Radar Satellites for Spain’s Defence Ministry

      India and Mexico Explore Industry 5.0 Synergies Following Digital Empowerment Summit 2025

      Add A Comment
      Leave A Reply Cancel Reply

      Latest Posts

      Researchers Identify Four Autism Subtypes, Opening Doors for Personalised Care

      July 11, 2025

      Bitcoin Soars to Record on Institutional Demand, Ether Also Rises Sharply

      July 11, 2025

      Kyiv Allocates $6.2 Million to Launch Drone Interceptor Programme Against Russian Attacks

      July 11, 2025

      Chang’e-6 Samples Reveal Moon’s Far Side Secrets and Volcanic Past

      July 11, 2025

      Airbus to Build Two PAZ-2 Radar Satellites for Spain’s Defence Ministry

      July 11, 2025

      India and Mexico Explore Industry 5.0 Synergies Following Digital Empowerment Summit 2025

      July 11, 2025

      Britain Invests €163 Million in Eutelsat to Challenge Starlink in Europe

      July 11, 2025

      A New Foreign Policy Playbook?

      July 10, 2025

      Linda Yaccarino Resigns as X CEO Amid Rising AI and Platform Challenges

      July 9, 2025

      Nvidia Becomes First to Reach $4 Trillion, Leading the AI Charge

      July 9, 2025

      Subscribe to News

      Get the latest sports news from NewsSite about world, sports and politics.

      • Astronomical Events
      • Space Missions
      • Industry News
      • Science
      StratNewsGlobal Tech
      Facebook X (Twitter) Instagram LinkedIn YouTube
      © 2025 StratNews Global, A unit of BharatShakti Communications LLP
      • About Us
      • Contributors
      • Copyright
      • Contact
      • Write for Us

      Type above and press Enter to search. Press Esc to cancel.