NORTHERN AUSTRALIA: SCIENCE AND RESEARCH TO SUPPORT PLANNING AND MANAGEMENT – RE
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In most sectors of the economy, for example, agriculture, industry, defence, sport and the arts, innovation has increasingly been recognised as an essential ingedient for solving problems, exploiting opportunities, maintaining competitiveness and continuing to grow both social and economic prosperity. Benefit-cost evaluations of innovation in the rural research and development (R&D) sector indicate high returns on investment – averaging eleven to one – were attained over a range of projects. Hence investment in research, development and innovation in northern Australia can be expected to be highly beneficial.