Innovation is the buzzword in the industrial, trade and technological lexicon of nations across the globe that aspires to boost their productivity and improve the living standard of their citizens. There is consistent innovative redesigning of products and processes for convenience and value addition. Ever since Australia has begun its journey of innovation, it is continuously making progress. The latest ABS (Australian Bureau of statistics) data about innovation reveals that 44.5% of businesses are innovation- active. By employment size, however, 70% of the businesses with 200 or more employees are innovation-active.
Image: Melbourne city. Photo: Alf Scalise, Pixabay
