Australia's Innovation minister has released a blueprint that would make Australia the healthiest country in the world by 2030.

Michaelia Cash, minister for Jobs and Innovation, released the "Australia 2030: Prosperity through Innovation" report alongside Bill Ferris, chairman of Innovation and Science Australia (ISA), on Tuesday.

The strategic plan called for Australia to use ambitious "national missions" to strengthen the nation's innovation culture.

The report contained 30 recommendations for continuing Australia's prosperity through 2030, including greater investment in medical and scientific research so as to make Australians live longer and healthier.

Australia's life expectancy is currently 82.5 years, sixth best in the world, despite per-person health expenditure being only 14th-highest.

Two other "national missions" the report proposed were preserving the iconic Great Barrier Reef and converting the gas supply of an entire Australian city from natural gas to clean hydrogen.

"ISA recommends that Australia seeks to become the healthiest nation on earth through the integration of genomics and precision medicine capabilities into the Australian health system; such a National Mission would eventually be of extraordinary benefit to all Australians," Ferris said in a media release.

"The 2030 Plan also calls for a feasibility study into using a National Mission to address coral bleaching challenges faced by the Great Barrier Reef, and we welcome the government's recent funding announcement for this phase of the project.

"The mission would pursue innovative adaptation and reef restoration technologies in order to optimise the chances for survival of the reef beyond 2030."

The strategy also contained a vision for Australia's business sector in 2030, saying that there was an urgent need for "acceleration in the development and commercialization of Australian ideas and inventiveness."

"For industry, our vision is by 2030 Australia will have many more examples of high-growth firms exporting innovative goods and services to markets around the world," Ferris said.

"To do this Australian business' investment in research and development needs to increase, which for policy-makers means ensuring that government support programs are delivering the best bang for their buck."