Brisbane Innovation Scorecard
In 2010 a collaboration between government, business and education established the inaugural Brisbane Innovation Scorecard, an innovation benchmarking initiative that would develop an understanding of Brisbane’s innovation, inform its global competitiveness, and capture the essence of Brisbane as Australia’s new world city.
This initiative of Brisbane Marketing in collaboration with Deloitte, The University of Queensland Business School, Brisbane City Council and the Department of Employment, Economic Development and Innovation (DEEDI) will collect data longitudinally, to measure and benchmark innovation in businesses throughout the city of Brisbane annually.
The initial objective of the Innovation Scorecard is to measure innovation within the city’s businesses and its effect on their growth, productivity and the region’s economic prosperity.
As this was a pilot Scorecard it was agreed to illustrate the level and types of innovation within three specific industry sectors regarded as the engine room of the economy - manufacturing (including food processing), mining services, and infrastructure and utilities.
Believed to be the first of its kind in Australia at a city level, the Scorecard applies selected questions from the European Union’s (EU) ‘Community Innovation Survey’ (the international benchmark for innovation surveys at the business level used by EU members since 1991) as well as the Oslo Manual, to focus on both range and sources of innovation. The instrument gives a comprehensive insight into a firm’s view of innovation, from organisational and marketing innovations, through system innovation, to product and process.
The innovation activity surveyed for the Brisbane Innovation Scorecard 2010 included:
- Type of innovation activity undertaken by each business over the past three years
- Size of the business (turnover by range)
- Export profile of each business (state and overseas)
- Barriers and incentives to innovation
- Funding sources for innovation
- Revenue growth and
- Job creation.