Innovation Support
  • 2021-04-11
  • Entrepreneurship Research Center on G20 Economies
  • Edit
  • Standards Australia have endorsed a set of Innovation Management Standards that will provide cohesion and a simplified, consistent approach to driving innovation strategy and business improvement. Standards play a crucial role in de-risking investment and accelerating the adoption of new technologies that enhance our standard of living. Establishing a common language around the process of innovation and measuring and reporting on innovation in a standardized manner enables better collaboration outcomes. 

    The Brazilian government has published a National Innovation Policy (NIP) setting out plans to encourage and develop innovative products, processes and services across the country. The new policy targets six main areas with the aim of enhancing productivity and competitiveness in the economy, wealth generation and social well-being. The areas include improving skills; widening the innovation talent pool; encouraging international engagement; and stimulating research, development and innovation within the Brazilian private sector. An Innovation Committee, managed by the Ministry of Science, Technology and Innovations (MCTI) and chaired by the presidential office, will oversee the wide-ranging project. The committee will comprise representatives from nine government departments, and will also be charged with promoting partnerships at the regional and international levels. Five additional advisory committees are to be established, possibly including external representatives from fields such as local authorities and industry.

    To support innovation at grassroots level, the South Africa’s Department of Trade Industry and Competition (DTIC) has introduced the Khoebo Innovation Promotion Programme (KIPP). The grassroots innovators programme has two sub-schemes, according to the department. The first, the “Small Medium Enterprise Growth Scheme”, looks at enterprises already in existence that are looking to upscale and penetrate new markets. The second, the “Grassroots Innovation Funding Scheme”, focuses on grassroots innovators that are at start-up phase or trading on a small scale.

    On February 18, 2021, Japan's Ministry of Economy, Trade and Industry (METI) launched a business platform called “Japan Innovation Bridge” (usually called “J-Bridge”) with the support of Japan External Trade Organization (JETRO). J-Bridge aims to support collaboration and promote mergers and acquisitions between Japanese companies with overseas companies (including start-ups). J-Bridge encounters between Japanese companies and overseas companies in priority fields such as digital and green development.





  • Partners

  • Global Health Innovation Center (GHIC)
  • World Intelligent Incubation Network (WIIN)
  • National University of Singapore
  • Canada-China Institute For Business & Development
  • TusPark Research Institute for Innovation
  • Cross-strait Tsinghua Research Institute
  • Tsinghua X-Lab

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