Methods for fostering a culture of business innovation

Question 1

methods for fostering a culture of business innovation and entrepreneurshup in a nation

Answer 1

Government investment in r and d, Council grants for new businesses, school based educational programs in entrepreneurship, regional business start up hubs

Question 2

how do federal and state governments support businesses to conduct r and d

Answer 2

direct funding, grants and tax incentives, e.g funding through unis, publicly funded research agencies and businesses

Question 3

examples of of funding toward r and d

Answer 3

research and development tax incentive program, ausindustrry assistance programs, 2020 vic gov launched $2 billion fund to drive r and d

Question 4

examples of school programs in entrepreneurship

Answer 4

courses in business and economics, other programs ($20 boss), victorian commercial teachers association (VCTA) organise an annual plan your own enterprise competetion, ABW enterprise education (non-for-profit) delievers a range of businesses stimulations

Question 5

examples of regional business start up hubs

Answer 5

small business centres victoria (SBCV) network is a network of businesses providing a range of small business services (advice, premises, services and support), business enterprise centers (BEC) and INNOVIC (the vectorian innovation centre) does similar things