Making NSW the best place to innovate
With the world changing rapidly due to new technologies, the Innovation Blueprint details how the NSW Government will work with partners to make NSW the best place to innovate. This strategy has clear goals and action areas to guide how programs are designed, funding is allocated, and how we interact with stakeholders.
The Innovation Blueprint compliments the NSW Industry Policy which sets out the NSW Government’s long-term vision and plans for the economic future of NSW through three connected missions - Housing, Net Zero & Energy Transition, and Local Manufacturing.
What the Blueprint will do
Innovation is essential for the economic, social, and environmental well-being of NSW. By creating new products, services, and processes, businesses can grow, become more profitable, create jobs, and contribute to our shared prosperity.
With 4 strategic goals and 5 key action areas, we will create more economic and social opportunities for the people of NSW and help tackle the state’s most important challenges.
Our vision
NSW is the best place to innovate, creating economic and social opportunities for our people, and helping tackle the state's most important challenges.
Our goals
Scale and retain globally competitive innovative businesses and industries in NSW.
Secure the state's future by growing jobs and commercialisation through innovative businesses and industries.
Increase diversity in NSW's innovation ecosystem.
Leverage innovation to address NSW challenges and advance missions.
5 areas of action
- Strategy: Set a clear, long-term vision and priorities for the state's innovation ecosystem and collaborate to deliver them effectively.
- Funding: Foster a funding environment that extends the availability of capital to more areas of opportunity.
- Places: Help create world-class affordable spaces around the state to innovate and bring different parts of the ecosystem together.
- People: Support talent and activation of key innovation hubs through a targeted set of capability programs.
- Engagement: Make it easier for stakeholders to engage with key activities and programs, better showcase NSW innovation and attract more strategic activity and investment.
Consultation
The development of the Innovation Blueprint has been informed through extensive consultation with innovation system stakeholders, including public consultation, a summit at NSW Parliament House, and a series of roundtables with industry bodies, startups, scaleups and venture capital investors.
Participants were diverse, including senior representatives from industry bodies, universities, think tanks, corporate businesses, startups, scaleups, venture capital funds, angel investors, innovation precincts, and various levels of government.
The Pounder Review – NSW Innovation System Assessment
The NSW Government engaged former Tech Council of Australia CEO Kate Pounder to conduct an independent review of the state's innovation ecosystem.
This review assessed the strengths and gaps in the system and identified potential actions for the Innovation Blueprint.
Download the reportDownload File .
What We Heard Report – NSW Innovation Blueprint Consultation
A qualitative summary of ecosystem stakeholders’ feedback provided during consultations led by Investment NSW.
This report provides a structured overview of the diverse perspectives within the NSW innovation system, highlighting stakeholder views on critical elements for the Blueprint to address in order to strengthen innovation in NSW.