SYDNEY, Dec. 7 (Xinhua) -- Australian Prime Minister Malcolm Turnbull hit the ground at the Sydney Fish Market on Wednesday morning to show how a national innovation drive benefits local businesses.
Turnbull's visit included a chat with Blackwattle Deli owner Nick Dagaas about business innovation through new channels such as online retail platforms, local media reported.
"This is the real talent here, the entrepreneursto be here in front of one of the small businesses that our Innovation Agenda has been able to help through its support," Turnbull said.
"Nick, who owns this business, made the point that in business, you innovate or you die. Innovation is the key.
"What he is doing is building the security of his business by innovation and by finding new avenues to sell his wonderful produce, his wonderful food that we see behind us."
Turnbull's visit came amid the Australian government's rollout of major initiatives to boost investment and generate jobs, one year into a national plan to spur innovation in the country.
Measures include a 200 million Australian dollars (149 million U.S. dollars) innovation fund to help support Australian startups, as well as changes to tax laws as investment incentives, according to a joint media release from the prime minister and the Industry, Innovation and Science Minister Greg Hunt on Wednesday.
In December 2015, the government launched its 1.1 billion Australian dollars (819.1 million U.S. dollars) National Innovation and Science Agenda.
Over the past 12 months, "elements of the agenda have taken shape" with investment "to help businesses embrace risk and encourage investment in startups and early stage ventures."
