Australian venture capital legend Bill Ferris has urged government – and the Strategic Examination of R&D – to address “intergenerational inequities” as a supporting framework for building national missions that would ultimately improve productivity in Australia.
Developing national ‘moonshot’ goals creates a powerful mechanism to better target funding and expertise for maximum return, he says.
And if the government is serious about building sustainable productivity improvements, it should boost its modest spending on research and development by double – if not triple – in the next several years.
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