Introduction
The continued success of Victoria’s strong economy relies upon its ability to take advantage of the opportunities presented by our future challenges – climate change, our ageing population, continued globalisation and resource constraints.
Unlike a number of states, Victoria cannot rely upon a wealth of resources to sustain and grow its economy. That’s why the Brumby Labor Government strongly believes that the success and growth of innovative and knowledge-based industries is fundamental to Victoria’s continued growth and standing in the national and global economies.
Our vision is to place Victoria as a global leader in emerging innovative industries and frontier technologies such as biotechnology, micro and nano-technologies, life sciences and environmental technologies that will become significant employers and the generators of great wealth in the future.
By embracing innovation, Victoria’s manufacturing sector can be well-placed to ensure its ongoing viability and international competitiveness in the face of growing competition from countries like China and India.
Our Government will continue to build on Victoria’s innovative strengths and competitive advantages through a range of programs to help maintain Victoria as a great place to live, work, learn and invest.
