Over half of all Businesses (52 percent) reported being innovation-active in the two years ending 30 June 2021.
Only 36 percent of the innovation-active enterprises worked with each other and/or charged for their services.
24% of companies actively pursuing new ideas have teamed up to do so.
Innovation Activity
The term "innovation-active business" refers to a company that, during the reference period, launched any sort of innovation (i.e., a new item, service, or process) and/or had innovation that was still in development (as of 30 June 2021) or abandoned (i.e., the two years ended 30 June 2021).
Throughout the reference era, an innovative business is one that has launched any new product, service, and/or method (i.e., the two years ended 30 June 2021).
