Connecting with PARC to drive innovation commercialisation
Published: 11 September 2017
During the state's second Digital Innovation Festival, the department's Secretary Richard Bolt signed a Memorandum of Understanding (MoU) with PARC, a Xerox Company, committing to exploring how PARC can strengthen Victoria's innovation system and help develop the state's commercialisation capabilities.
PARC will collaborate with the department to deliver sustainable improvements to the state's innovation capabilities to translate research into tangible commercial benefits across Victoria's public and private sectors.
To achieve this, PARC will work across the government, business and education sectors to help organisations drive development of new technologies, business models, process, products and services to meet their commercial goals.
The MOU aligns with the department's work to improve the living standards and well-being of all Victorians by fostering innovation, creativity, productivity, investment and trade to grow the state's economy.
Although still in early discussions, PARC and the department are excited about what's to come. Initial rounds of engagement are expected to begin soon and we look forward to working together to drive innovation in Victoria.