NSW to obtain the Minister of Innovation and Technology – Strategy

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The NSW government will create a new ministerial role to position the state as a leading research and development economies, as part of an upcoming government reshuffle.

Premier Dominic Perrottet revealed the planned cabinet role, as well as a new Department of Business and Investment, outlining his future ambitions for Sydney on Thursday.

“We will set up a new Business and Investment Department,” he said handing over the Bradfield Oration.

“And within that department I will appoint a minister for science, innovation and technology to channel our internal research into economic opportunities for the future.”

The new business and investment portfolio will build on the government action plan to accelerate research and development released in January.

Perrottet said that while research is one of the state’s “hidden superpowers,” the pandemic highlighted the need to “cement Sydney’s reputation as a smart city over there.”

“NSW is home to some of the world’s leading universities and research institutes,” he said Thursday.

“But too often we see our home-born ideas falter or flee elsewhere for lack of local support.”

But Perrottet said this was changing with districts like Tech Central, which he described as an example of “the right infrastructure and ecosystems to grow.”

Tech Central is expected to bring up to 25,000 jobs in NSW over time, with Atlassian recently approved as an anchor tenant.

Quantum computing startup Q-CTRL, Sydney Quantum Academy, and Quantum Brilliance were welcomed as the first tenants of Tech Central’s Quantum Terminal earlier this week.

Perrottet also used his Bradfield Oration to reveal plans to appoint a new commissioner to identify local research and ideas that can be turned into production opportunities.

The Modern Manufacturing Commissioner will be supported by a task force led by Venues NSW President Tony Shepherd.

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