368. Australia would like to thank the sponsors of this agenda item for bringing it to the TRIPS Council and for the informative contributions that have been made by Members here today.
369. Australia recognizes the crucial "human factor" in innovation – the education and training of talented individuals to deliver innovative outcomes. Australia was delighted to host the 2014 launch of the Global Innovation Index, which paid special attention to the "human factor" in innovation.
370. We well understand that empowering women to be innovation leaders and contributors is not only the right thing to do, it is the smart thing to do. Evidence shows us that improving the labour force participation of women increases GDP significantly. Australia's Women in Global Business Programme seeks to increase female participation in international trade and investment, delivering increased economic benefit and job creation through greater diversity.
371. Australia also recognizes the individual achievements of innovative women – like molecular biologist, Professor Elizabeth Blackburn, our first female Nobel Laureate
372. We also recognise the importance of systemic factors to improving the participation, retention at senior levels, and success of women in science and technology-related fields in Australia
373. Women in innovation networks and fellowships, through Australian research institutions, help to attract and retain many talented women in these areas. Under Australia's aid programme, we are also focussing on partnerships to promote women's economic empowerment; for example, Australia is one of a number of countries supporting the International Trade Centre's Women's Economic Empowerment Programme. This programme assists women to participate in trade.
374. Projects in the Pacific region are providing businesswomen with opportunities to take their innovative and unique products to market.
375. Similarly, in other aid projects, Australia is providing financial support to encourage women to obtain small grants and loans to set up small businesses, be involved in local markets, and become part of local supply chains.
376. Once again, we welcome this very informative exchange and thank Members for their contributions.