The Department of Industry, Science and Resources (DISR) Annual Report 2023–24 highlights Australia’s dedication to innovation and technological advancement. This year’s initiatives focus on strengthening key industries to build a resilient and tech-driven economy.
The National Robotics Strategy, released in May 2024, is a significant component of the report. This initiative aims to enhance Australia’s robotics and automation industries by building national capabilities, encouraging adoption, and promoting responsible development. Robotics and automation are positioned as transformative technologies that can address pressing socioeconomic challenges while improving productivity and revitalising domestic manufacturing. These efforts aim to grow the economy and position Australia as a global leader in emerging technologies.
Renewable energy is also prominent, with the National Battery Strategy offering a detailed roadmap for establishing a robust domestic battery industry. By leveraging its abundant resources such as lithium and cobalt, combined with a strong research and development foundation, Australia is poised to become a critical player in global battery supply chains. Over AU$ 523 million has been allocated under the Battery Breakthrough initiative to bolster domestic manufacturing capabilities, improve supply chain resilience, and support emission reduction efforts. This strategy reflects a broader focus on economic growth and sustainability.
Australia’s space sector continues to expand, highlighted by the signing of a Technology Safeguards Agreement (TSA) with the United States in October 2023. This treaty allows U.S. space technologies to be launched from Australia, creating significant opportunities for the domestic space industry. With 13 commercial space activities authorised during the year – more than double the previous year – the Australian Space Agency is establishing the nation as a competitive spaceflight hub. These developments foster high-skilled jobs and position Australia as a reliable global partner in the growing space economy.
Artificial intelligence adoption is being accelerated through the AI Adopt Program, which was launched to help small and medium enterprises (SMEs) integrate AI into their operations. Four AI Adopt Centres were established with $16.3 million in funding, providing training, tools, and resources to assist businesses in sectors such as renewable energy and medical science. The program supports the responsible adoption of AI, enhancing SME productivity and fostering innovation across industries.
To ensure a sustainable future, the government has updated its Critical Minerals List and introduced a Strategic Materials List. These lists identify resources essential for clean energy technologies, including lithium, nickel, and rare earth elements. As a leading supplier of these materials, Australia supports industries such as electric vehicle manufacturing and renewable energy systems. This strategy underscores the country’s role in promoting a green economy while addressing global supply chain challenges.
The Research and Development Tax Incentive (R&DTI) is also critical in driving innovation. Over 13,000 businesses invested more than AU$16.7 billion in R&D activities during 2023–24, supported by the program. This initiative fosters technological progress while contributing to economic growth by encouraging businesses to explore and develop innovative solutions.
DISR’s efforts include the development of the Future Gas Strategy, which outlines a plan for transitioning to a net-zero economy while ensuring gas remains affordable and reliable throughout the shift. This evidence-based strategy balances economic and environmental goals, addressing the evolving role of gas in Australia’s energy future. These efforts, combined with advancements in AI, robotics, and renewable technologies, highlight a commitment to building resilience through innovation.
The 2023–24 annual report showcases a comprehensive approach to fostering a technology-driven economy. By prioritising sectors such as robotics, space exploration, and clean energy, Australia is addressing both immediate challenges and long-term opportunities. This strategy not only strengthens the nation’s economic foundations but also positions it as a global leader in technological innovation and sustainability.
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