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In this episode of DBrief, Louise McGrath sits down with David Martin, Director for Innovation and Emerging Technologies at the Australian Industry Group, to unpack the Strategic Examination of Research and Development (SERD) - a once-in-a-generation review commissioned by Government but steered by an independent panel of industry leaders. The review takes a fresh look at how Australia supports research, innovation, and commercialisation.
 
They explore why Australia, despite its world-class research institutions, continues to lag behind in business R&D investment and commercialisation. The conversation covers:

  • Why Australia’s venture capital market remains risk-averse and how that limits startups and scaleups.
  • The 150+ fragmented government programs that confuse rather than connect.
  • Proposals such as an Intellectual Property Bank to simplify how university-generated research reaches industry.
  • The need for a Ministerial Council for Innovation to improve coordination between federal and state governments.
  • How regulation, skills shortages, and short political cycles are stifling productivity and long-term innovation.

This discussion offers a candid look at the real barriers to innovation and what it will take for Australia to finally turn great ideas into great industries.

All three SERD submissions by the Australian Industry Group are available here.

 

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Louise McGrath

In her role as Australian Industry Group’s Head of Industry Development and Policy Louise provides strategic leadership and guidance for Australian Industry Group’s policy agenda in building competitive industries through global integration, infrastructure development and innovation. She ensures that through policy leadership members have a voice at all levels of government, by representing and promoting their interests on current and emerging issues.

Louise represents Australian Industry in several multilateral forums, such as the B20 Taskforces, Global Business Coalition, and the East Asia Business Council working group on RCEP. She advocates for the interests of Australian Industry Group members during Free Trade Negotiations and translates those agreements to support the strategic aims of members. She is a member of CSIRO’s Responsible Use of Artificial Intelligence Think Tank and the Manufacturing Advisory Group, the NESP Sustainable Communities and Waste Hub and the Advisory Group of The Australian Consortium for ‘In-Country’ Indonesian Studies (ACICIS).

Louise has studied a Bachelor of Arts (Arabic Language and Culture) at Deakin University and an Advanced Diploma in International Trade at RMIT. She has also studied Arabic at universities in Jordan and Egypt.

    David Martin

    David is Director of Emerging Industries and Innovation at Australian Industry Group.

    He has been part of Australia’s innovation ecosystem for more than 15 years and has worked at the executive level across multiple industries in large and small organisations to facilitate innovative solutions to complex problems.

    David has maximised opportunities for Australian industry in $88 billion of major projects, delivered financial assistance of more than $22 million to innovative SMEs and pulled together over 150 commercially astute leading-edge research/industry collaborations that have resulted in novel technology and jobs of the future.

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