Food & agri-business
Research & development
Australia’s government spends a considerable amount on improving the nation’s research and development (R&D) industry to boost the country’s innovative prospects.As one of the world's leading innovative countries, Australia has ranked eighth for global entrepreneurship in 2022. Collaborate with Australian research institutions, invest in or incorporate Australian products or solutions into existing products, or enter joint ventures to take the products to the global market.
Australia is now looking at transitioning its economy to net zero emissions – presenting opportunities for Singapore companies for partnerships and co-innovation in sustainability.The Singapore-Australia Green Economy Agreement (GEA) is the world’s first agreement of its kind and lays the necessary foundations for cross-border collaboration that reduces emissions and drives green growth. It will span seven key areas: (i) trade and investment; (ii) standards and conformance assessments; (iii) green and transition finance; (iv) carbon markets; (v) clean energy, decarbonisation, and technology; (vi) skills and capabilities; and (vii) engagements and partnerships. Besides facilitating flows of environmental goods and services, companies can also look forward to co-developing new green solutions in areas like renewable and clean energy, clean hydrogen, sustainable agriculture, and circular economy to support the transition towards a green economy.
Learn about Australia's business hubs
Sydney, the capital city of the state of New South Wales, is a global city and a leading destination for large multinational companies to set up their Australian headquarters. Its key industries include advanced manufacturing, defence and tourism, international education and professional services.
Melbourne, the capital city of the state of Victoria, is regarded as one of the world’s most liveable cities and a major headquarters for foreign-owned businesses. Key industries include food and agriculture, advanced manufacturing, health and biomedical, international education, professional services, and tourism.
Brisbane, the capital city of the state of Queensland, is one of the fastest growing cities in Australia. Over the past decade, strong growth has been seen in industries including education and training, healthcare services, and professional, scientific and safety services.