Ms Bishop unveiled the plans for the creation of a CSIRO ‘Innovation Outpost’ in the US on Friday.
The announcement is part of the Australian government’s National Innovation and Science Agenda.
CSIRO chief executive Larry Marshall said he was excited by the opportunities CSIRO US will present for Australia.
“To accelerate innovation rates in Australia, we need to accelerate international engagement, especially in regions where there is a significant opportunity to return value to Australia. From this point of view, the US is a no-brainer," Mr Marshall said.
“Our focus is firmly on bringing benefit back to Australia and that philosophy will be applied to everything we do in the US,” he said.
CSIRO’s global general manager Nigel Warren said CSIRO US would help put Australian breakthroughs at the centre of the world's research.
“Australia’s capacity to bring world-leading technologies to the market is unquestionable, but we need to realise that potential at scale. CSIRO US will provide a gateway to a market with big economic potential,” Mr Warren said.
“CSIRO will support the Australian government and partner with the research sector and business, playing the role of Australia’s innovation catalyst on a global scale.
“This means we can amplify the impact of CSIRO technology and open the door for other Australian researchers, businesses and start-ups to realise more commercial value from their great innovations by taking them into a bigger market,” Mr Warren said.