Australia should look towards the US to help address its innovation woes rather than just focusing on internal developments, a new United States Studies Centre (USSC) report urges.

Authored by USSC senior advisor Jared Mondschein, the report emphasised the central importance of the US in helping Australia be more innovative and outlines 10 policy recommendations. reports that these include efforts to attract “anchor firms” and VC funds, closer economic alignment with the US and a hands-off approach to the popular research and development tax incentive scheme.