Assistant Minister for Innovation, Wyatt Roy, has visited RMIT to share insights on innovation with Vice-Chancellor and President, Martin Bean CBE.
Roy’s visit to the City campus in Melbourne followed the recent launch of the Government’s National Innovation and Science Agenda.
He told RMIT leaders: “Better tolerating risk and failure is essential to developing entrepreneurial spirit and culture.
“We also need new approaches to help attract the early-stage capital that is vital to Australian start-ups succeeding.
“We must encourage the best and brightest from around the world to help build our innovation ecosystem.
“And we must inspire greater co-operation between research, business and government on the commercialisation of our great ideas.”
Martin Bean told the Assistant Minister about RMIT’s new strategic plan, Ready for Life and Work, with its new emphasis on entrepreneurship and its deep commitment to partnership with industry.
“The industry-engaged research that we produce drives and supports the innovation that business needs to be internationally competitive,” Martin said.
“Translating research into social outcomes is an extension of the traditional university mission.”
Martin Bean welcomed the Assistant Minister to Building 1 and guided him around the animation and interactive media studios in the School of Media and Communication, the RMIT node of the ARC Centre for Excellence for Nanoscale BioPhotonics and the Advanced Manufacturing Precinct.