L1 Introduction

Question 1

A National Science Agenda

Answer 1

• turn ideas into successful products and services
• bringing research and business together
• making it easier for people to take risks

Question 2

Australia’s strong building blocks for success

Answer 2

1. strong economic fundamentals and a stable investment climate
2. direct access to markets in Asia - the world’s economic engine room
3. global reputation as a trusted source of goods and services
4. home to some of the highest quality scientific research organisations in the world

Question 3

Australia’s weak building blocks

Answer 3

1. insufficient access to early stage capital for many start ups
2. lowest level of industry research collaboration in the OECD (Organisation for Economic Co-operation and Development)
3. school students’ maths skills are falling
4. government following on innovation rather than leading

Question 4

Noodle nation

Answer 4

See OneNote

• no cohesion between different sectors?

Sectors:

1. support services
2. industry
3. government and regulatory
4. funding bodies
5. research institutes

Question 5

Life Sciences sector in Australia encompasses

Answer 5

1. industry
2. funding bodies
3. government and regulatory
4. research institutes
5. support services