FACTBase Bulletin 68 - Perth's Innovation Hotspots and Collaborations
This Bulletin focuses on understanding innovation and collaboration in Perth. It uses a frequently used proxy to measure innovation - patent applications - which were extracted from the OECD Regional Patent (REGPAT) statistics and provide a suitable indicator of overall innovative activity. This Bulletin is the seventh research input into Hashtag Perth.
Key Findings
- Innovation is a key input across the entire Australian economy and all industries, ensuring global competitiveness. Perth is the hub of such activities for Western Australia.
- While Perth does less patenting than other cities, it most likely innovates in a unique global space. This is related to its specialised resource economy.
- There appears to be an inverse relationship between Perth’s economic wealth and patenting activity.
- Spatial patterns for patenting collaborations in Perth have become less centralised.
- Australia’s innovation levels have remained nominally similar since 1999, unlike the surge found in other nations.
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