Sum­mit to shape eco­nomic fu­ture

South Western Times - - News - Michael Philipps

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.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.