GE recently commissioned two reports on innovation in Australia.

The report by independent economics firm, Milken Institute, rates Australia as leading in five, and above average in two, of the seven innovation indicators used to examine the efforts of 22 countries. The report also found Australia to be a leader in facilitating collaboration.

Commercialisation Australia have announced some significant changes to the program which will benefit both current and future participants.

From today, companies will not have to repay the Early Stage Commercialisation grant. Plus, these grants will be available to more businesses, with the annual turnover limit for applicants rising from $20 million to $50 million.

4.2 million readers of China's tourism trade publication Travel Weekly have voted Western Australia as Best New Destination of the Year - announced at the 2011 China Travel & Meeting Industry Awards in Beijing last week.

The Australian Competition and Consumer Commission (ACCC) has warned small business operators and entrepreneurs to beware of unauthorised websites offering easy access to government grants.