Summit to shape economic future
BUSINESS leaders have welcomed the State Government’s decision to hold the upcoming Regional Innovation Summit in the South West.
The Summit, to be held in Bunbury on November 23, will help to guide the investment of the State Government's $4.5 million regional component of the New Industries Fund.
South West Development Commission acting chief executive officer Rebecca Ball said having the summit in Bunbury was a coup for the region.
“The South West is already home to businesses, businesses accelerators and co-working spaces that are at the forefront of innovation,” she said.
“We welcome the opportunity for locals, as well as residents of other regions, to play a role in shaping a roadmap for growth.
“It is also a good chance to showcase local innovation and the positive changes that have taken place in Bunbury in recent times.”
Regional Development Minister Alannah MacTiernan said the summit would help guide the investment of the Government's $4.5 million regional component of the New Industries Fund.
“We need to drive diversification across regional Western Australia to end the reliance on single industries in regional cities and towns, and support 21st century jobs,” she said.
“There are already successful innovation models operating in our regional cities and towns – we want to leverage the best ideas and our natural competitive advantages to entrepreneurship and innovation across the State.”
Innovation Minister Dave Kelly said developing an innovation economy in WA was an important part to creating jobs of the future and diversifying our economy.
“This important allocation of $4.5 million will support the creativity and resilience of our regions, and recognises that innovation happens everywhere in this great State,” he said.