Genrikh Salata

INTERNATIONAL TRADE &

INVESTMENT FACILITATION:

EXTRACTING THE VALUE PROPOSITION

FOR RENEWABLE ENERGY

Genrikh Salata

OUTLINE

► The ACT Government’s objectives set in the Business Development Strategy

► The role of Innovate Canberra and Invest Canberra (trade and investment

facilitation) in achieving these goals

► Canberra’s value proposition to external stakeholders

► Value proposition specific to the renewable energy sector

BUSINESS DEVELOPMENT

STRATEGY 2.0

► Innovate Canberra (Innovation, Trade and Inv.)

► Invest Canberra

► Innovation Team

► Study Canberra, Small Business and Skills

► BDS 2.0 launched in May 2015

► The key document outlining the government’s strategy on economic development of the ACT

► Key Industry Sectors:

► Renewable energy;

► Defence: cyber security, space and spatial sci.;

► National agriculture and environmental sciences;

► ICT;

► Sports Technology;

► Health Innovation;

STRATEGIC FRAMEWORK “CONFIDENT AND BUSINESS READY”

OBJECTIVES STRATEGIES

Sustained economic growth, diversification of the business sector, job creation

OUTCOME

A strong and sustainable ACT economy

(Confident & Business Ready: Building on our Strengths, ACT Government 2015)

1.1 Accessible information/services

1.2 Local Industry Participation Policy

1.3 Small Business Innovation Partnership program

1.4 Tax reforms

2.1 Promote higher education and research capabilities

2.2 Develop Industry Clusters

3.1 Renewable Energy Industry Development Strategy

3.2 Grow tourism base

3.3 Grow international student base

3.6 Canberra brand development

VISION

1. Create the right business

environment

2. Accelerate innovation to

create wealth and jobs

3. Create Support business

investment in future

growth areas

INV

EST CA

NB

ERR

A R

OLE

2.3 Assist businesses and research institutions access

domestic and global trade/commercial opportunities

3.4 Support and drive investment and reinvestment

3.5 International City Strategy

CANBERRA’S VALUE PROPOSITION

3.1%3.0%

2.0%

ACT4 AUS5 OECD6ACT

$88k $65k

AUS

4. 2003-20013 average, ABS 52200095. ABS 53866. World Bank, World Development Indicators7. 2005-2015, ABS3101

Gross State Product Per Capita7GDP Growth

36% Canberra

population aged18 – 40 years

32%:Australia

population aged18 – 40 years

Young workforce10Fastest growing city in Australia9

90%

100%

110%

120%

130%

140%

150%

160%

170%

180%

CBR 368.5k

CBR647.2k

AUS 22.7m

AUS 34.3m

Service Sector Exports8

99%

17%

ACT5 AUS6

8. FY2013-2014, ABS 5368055003, ABS 5368.09. ABS 3222 10. ABS 3101 (Sep, 2015)11. 2014-15FY, DFAT

Export of government goods & services11

ACT, 41%

NSW, 9%VIC,

4%

QLD, 1%

SA, 1%

WA, 32%

TAS, 0%

NT, 11%

R&D:TRADE AND INVESTMENT OPPORTUNITIES

R&D manpower

Singapore:

around 45,00012

(researchers, postgraduate

students, technicians, and

support staff);

Canberra:

around 45,00013

(undergraduate and

postgraduate students,

academic and support staff)

Patent Applicationsper million inhabitants (2013)14

ACT: 334

NSW: 153

VIC: 119

AUS (Average): 131

Expenditure on R&D

in ACT15

Wholly Australian

Owned: 57%

($50 million)

Foreign-owned

companies: 43%

($37 million)

12. Agency for Science, Technology and Reseach. (2013). National Survey of R&D in Singapore 2012.13. Deloitte’s Access Economics Report on Economic and Social Impact of the Major Universities in ACT; ABS 21110DO007_201214. OECD Stat Extracts – latest 2010 data. 15. Latest data for 2011-2012; ABS 81040DO014_201112

Average patent application in Australia

2011-1316

Non-Australian

residents

Australian

residents

1,228

16,342

Worldwide17

Non-residents

35%

Residents

65%

16. IP Australia - Australian Intellectual Property Report 201417. 2012 data, WIPO IP Facts and Figures, 201318. Latest 2009 data, OECD Stat Extracts

R&D expenditure (public and private) as

percent of GDP18

4.04%

2.58%

2.15%2.29%

ACT VIC NSW AUS

R&D:TRADE AND INVESTMENT OPPORTUNITIES

RENEWABLE ENERGY:TRADE AND INVESTMENT OPPORTUNITIES

100% Renewable

Energy by 2020

200MW Next Gen

Renewable

Auction

RENEWABLE ENERGY: TRADE AND INVESTMENT OPPORTUNITIES

100% Renewable by 2020:

200MW Next Gen Auction

36MW NextGen Battery roll-out:

>5500 homes, >$27M by 2020

Fastest growing urban construction;

Denman Prospect – first mandated solar suburb

Next Gen Data Platform:

Live data every 5 min

Leading R&D capability and

industry collaborationHighest educated workforce

& highest median income

Environmental

Awareness: ACT – 81%, AUS – 73%