| Research is foreseen as one of the major drivers of the Commonwealth's economic growth and competitiveness in the global market. The success of knowledge-based economies will depend upon our ability to innovate - to generate new knowledge, ideas and technologies through research. Research may be driven by curiosity or influenced by specific industry needs. The innovations arising from this research activity must be utilised to achieve economic, social and cultural benefits as it is now recognised that the generation of knowledge and its new technologies development for commercialisation can only be considered in terms of the national innovation system. The key to successful innovation is the flow of creativity, ideas, skills and a healthy innovation value chain system, namely the universities, public research institutes and private enterprises. Understanding this system can help identify leverage points for enhancing innovative performance and competitiveness. CTC sees itself as a communication platform for long term collaboration between research organisations, and between them and the users of research, in order to obtain greater benefits from any investments in R&D. CTC wishes to bridge mechanism linking the private and public sector. CTC also urges businesses and industry associations to take action to communicate their R&D needs effectively to public sector research organisations, and engage and partner with those organisations in the development of their commercialisation strategies and the conduct of their R&D.
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