Regional Development Australia’s 2014 Hunter Innovation Scorecard measures the Hunter region’s performance against international leaders in the European Union. This makes the Hunter the first Australian region to measure its performance on a world scale.
Regional Development Australia (RDA) Hunter CEO, Todd Williams, said the Scorecard makes the link between innovation and international competitiveness by looking at The European Innovation System.
“This invaluable comparison gives the Hunter a global benchmark and a blueprint for how to consolidate and improve,” Todd said.
“Innovation is crucial to the Hunter region’s future prosperity. In an increasingly globalised economy the ability to compete is based around taking advantage of new opportunities and continually refining systems.”
“Advancing innovation in the Hunter is a strategic focus for RDA Hunter as we work to increase the Hunter’s competitiveness in the world economy.”
The 2014 Hunter Innovation Scorecard is endorsed by the Australian and NSW governments with forewords by Deputy Prime Minister and Minister for Infrastructure and Regional Development, The Hon. Warren Truss MP and The Hon. Andrew Stoner MP, Deputy Premier and Minister for Regional Infrastructure and Services.
Deputy Prime Minister Truss’ delegate, Senator the Hon. Arthur Sinodinos AO, launched the scorecard, which provides a blueprint for future economic development and jobs growth in the Hunter region, on Thursday, 16 October 2014.
H. E. Sem Fabrizi the European Union Ambassador to Australia was pleased to see the Hunter benefit from the strong Australian-EU relationship.
“Europe 2020 is our strategy for a smart, sustainable, and strong EU economy delivering high levels of employment,productivity and social cohesion,” said the Ambassador.
“We keep to this goal through monitoring our performance. I’m pleased to see that same monitoring and performance assessment system being used to benefit Australia.”
The Scorecard measured the Hunter’s performance against the European Union’s 190 regions and the Hunter ranked as follows:
- Introducing new or significantly improved methods and processes ‚Äì ranked 70th
- Introducing marketing or organisational innovations ‚Äì ranked 72nd
- Innovative businesses collaborating with others ‚Äì ranked 25th
- Businesses innovating in-house ‚Äìranked 37th
“The Hunter Innovation Scorecard shows that RDA Hunter is serious about sustainable economic growth for the Hunter – Australia’s largest regional economy,” Todd said.
“There is room for the region to improve, but we now have a clear understanding of our position against some of the world’s best innovators and we will forge a path for the future.”