The extent of Brisbane's innovation landscape will be revealed with the release of the inaugural Brisbane Innovation Scorecard during the Enable2010 initiative in July.
An exciting initiative between Brisbane Marketing in collaboration with Deloitte, University of Queensland Business School, Brisbane City Council and Queensland Government, the Brisbane Innovation Scorecard will be officially released on July 28 at the Lord Mayor's Leaders of Innovation event.
Lord Mayor Campbell Newman said the Brisbane Innovation Scorecard was an important measure of Brisbane's innovation footprint and highlighted our city's achievements in key industries.
"This initiative positions Brisbane as driver of innovation both at home and internationally," he said.
"The Scorecard will help showcase Brisbane as a prosperous, entrepreneurial city and further strengthen our reputation as Australia's new world city."
The Brisbane Innovation Scorecard will measure the city's innovation and its effects on growth, productivity and the region's economic prosperity through a survey with 100 Brisbane businesses, the first of its kind in Australia at a city level applying international standards to measure business innovation.
The aggregated results will provide a measure of innovation in the city with a specific focus on utilities, infrastructure, mining services and manufacturing industries.
Cr Newman encouraged everyone to join in Enable2010 from July 19 to 28 and celebrate Brisbane's excellence in innovation.
"Enable2010 will challenge industry, education and government to remain innovative and position Brisbane as the epicentre of commercially driven innovation," he said.
Tim Brailsford, Frank Finn Professor of Finance and Executive Dean, UQ Business School said cities must become centres of innovation, not just to create new businesses and grow existing businesses but also to address issues of energy efficiency, water use, transport, and affordable accommodation.
"The inaugural Brisbane Innovation Scorecard shows the vibrancy of this city as a hub of innovation across all sectors of the economy," Prof Tim Brailsford said.
"Successful innovators are found in mining, utilities, infrastructure, manufacturing, and food processing industries - not just in biotech and IT.
"It is interesting to note that much of the innovation revealed by the Scorecard research is 'hidden' to other surveys because they tend to use patent applications and similar legal methods of IP protection as the indicator of innovation.
"Many companies in Brisbane reported using more informal and flexible arrangements to protect their IP.
"UQ Business School is delighted to be associated with this significant step in identifying and nurturing innovation in Brisbane."
For more information about the Lord Mayor's Leaders of Innovation event, the release of the Brisbane Innovation Scorecard and other Enable2010 events visit www.enablebrisbane.com.au.