Delegates at this year’s Conference2013 had the pleasure of hearing The Honourable Andrew Stoner open the day’s proceedings and launch Hargraves’ and Business Skills Australia’s new joint initiative, the Innovation Recognition Program (IRP).
In launching the IRP at Sydney’s Powerhouse Museum, which is currently celebrating its 25th anniversary, Mr Stoner noted the growing importance of this type of program in an environment where promotion of innovation is vital.
“In a globalised economy, a strong culture of innovation is essential for the growth and even the survival of a nation – or a company. Research indicates a third to one half of all productivity growth is attributable to innovation,” Mr Stoner said.
He also noted the importance of rapid innovation. “Businesses needs to be both ‘first and fastest’ to implement when it comes to innovations. Companies and organisations need to continue investing in their capabilities and skills when it comes to innovation.”
Mr Stoner highlighted to delegates the commitment the NSW State Government had made to support innovation in the state.