The WA Regional Innovation Summit is to be held in Bunbury on November 23 2017.
The Summit will help to guide investment of the WA Government's $4.5 million regional component of the New Industries Fund.
Regional economies have been significantly affected by the structural changes in the resources sector in recent years. As the sector transitions, it is important that WA builds and retains the technology, infrastructure and specialist skills to drive new industries in the regions.
Industry and community leaders with established business accelerators and co-working spaces across regional WA will be invited to discuss potential models for fostering regional innovation and entrepreneurship.
The regional component of the fund will be used to support and accelerate regional innovation, which will be critical to building the capability and economic sustainability of regional economies and the communities that service them.
"We need to drive diversification across regional WA to end the reliance on single industries in regional cities and towns, and support 21st century jobs," said Regional Development Minister Alannah MacTiernan today.
"There are already successful innovation models operating in our regional cities and towns - we want to leverage the best ideas and our natural competitive advantages to entrepreneurship and innovation across the State," she added.
Innovation and ICT Minister Dave Kelly said that jobs of the future depends on developing an innovation economy.
"Since forming government, we have appointed WA's first Innovation and ICT Minister, established a STEM advisory panel to develop a State STEM strategy and created a $16.7 million New Industries Fund that will support and accelerate new and emerging businesses, including in the start-up sector," he said.
"This important allocation of $4.5 million will support the creativity and resilience of our regions, and recognises that innovation happens everywhere in this great State."
For more information contact the Regional Development Minister's office on 08 6552 6200 or the Innovation and ICT Minister's office on 08 6552 6100.
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