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‘Stop relying on handouts’: Tech boss fires warning as Aussie innovation slips

Summary by The Australian
Companies need to start funding their own research and development and stop relying on government handouts, the boss of one of Australia’s biggest tech companies warns, as innovation spending dives against global rankings. Ed Chung, the chief executive of TechnologyOne – a Brisbane-based software giant with a market value of $10.25bn, more than Ansell and Lendlease combined – says businesses “should open minds, not palms”. TechnologyOne chief e…

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TechCouncil Australia broke the news in on Sunday, December 1, 2024.
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