In order to succeed in the modern business world it is important to be an innovator. Old fashioned business as usual is not going to cut it any more. Nobody is more aware of this than the government of Australia. These days it is important for government to play an active part in stimulating innovation in their countries businesses and the Australian government has done it better than most.

There are a number of different ways that the Australian government can stimulate innovation in business. They need to take a wide variety of approaches because not all businesses are the same. What works in one industry may not be relevant to another. They also have to offer help to companies of different sizes and at different stages in their development. The help offered to a large established corporation will need to be different from that offered to a small start up.

Research and development are critical to innovation and the Australian government puts a lot of effort into encouraging this. The government offers tax breaks for money that is spent by companies on research and development. The also offer funding to help with the initial stages of research from preventive medicine research to the most advanced engineering research. The government themselves of course, carry out basic research through there various agencies and make the results of this available to any company that wants it. Of course research and development requires an educated and skilled work force and the government has made sure that the universities are producing top quality graduates.

Of course research and development is meaningless if it doesn't result in a product that makes it to market and the government of Australia can help here as well. The offer loans to small companies with innovative ideas in order to help ensure that they can develop their product. There is also a specific fund to help pay for commercialization of emerging technologies. The government also operates it's own venture capital program to help get companies with good ideas up and running.

There are various other government programs that are set up to help businesses at every stage of the process of innovation. There are tax breaks and grants for things like re-tooling for climate change or for developing new energy resources. There are also funds to bring specific products to market like motor vehicles.

One thing that the government of Australia does better than most countries is the way that they have organized their innovation programs for innovative business development. Most governments do this in haphazard way with various different departments responsible for different things. This makes it difficult for businesses to know where to turn for help. The Australian government has created Innovation Australia to manage all of the governments business innovation programs. This has been a very successful approach, and has resulted in Australian businesses being some of the most innovative in the world.