Innovating an “Ideas Boom”

7 December 2015

Innovation

………………………………………………………………………………………………………

Prime Minister Malcolm Turnbull unveiled his much-anticipated Innovation Statement, saying he wanted to drive an “ideas boom”.  The statement allocates almost $1.1 billion over the next four years to promote business-based research, development and innovation.

………………………………………………………………………………………….……

Key measures
  • A key focus of the plan revolves around strengthening ties between the business community, universities and scientific institutions.
  • A $200 million innovation fund will co-invest in businesses that develop technology from the CSIRO and Australian universities. CSIRO will also get an extra $20 million to help commercialise research outcomes.
  • The mechanisms for funding university research are being simplified, with more focus on industry collaboration and less on publishing articles in academic journals. The six block grant schemes will be collapsed into two, with equal rating for research excellence and income from industry. The government will add $127 million in funding for university research over the next four years.
  • The previously endangered National Collaborative Research Infrastructure Scheme will receive $1.5 billion over 10 years for projects such as ocean monitoring, advanced manufacturing and medical research.
  • There will also be $800 million over the decade for two major scientific projects: the Australian Synchrotron in Melbourne (which uses light beams a million times brighter than the sun to generate discoveries) and the Square Kilometre Array (the largest radio telescope ever constructed).
  • The government will spend $84 million “inspiring” Australians in digital literacy and science, technology, engineering and maths (STEM).  This includes new money to upgrade teachers’ digital skills, educational apps and $13 million to boost the participation of girls and women in STEM.

………………………………………………………………………………………….……

Fact Sheets

ADVANCING QUANTUM COMPUTING TECHNOLOGY IN AUSTRALIA

Advertisements

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: