Getting more for Australia from our university research

The Morrison Government has today launched the University Research Commercialisation consultation paper on how to maximise the social and economic benefits of Australia’s multi-billion-dollar university research sector.

Speaking at the University of Melbourne today, Minister for Education and Youth Alan Tudge said the government would seek feedback from universities, business and the community.

“I want to see new ideas on how we can increase collaboration between business and universities and put our research at the heart of our economic recovery,” Minister Tudge said.

“We want our high-quality research to better translate into the breakthrough products, new businesses and ideas we need to grow our economy and improve our society.

“COVID provides a unique opportunity to reassess university business models and better leverage research to grow our economy and generate Australian jobs.

“I will work with any university that is prepared to take a bold approach.”

Research commercialisation is a priority for the Morrison Government. Last year, $5.8m in funding was announced to begin to develop new solutions to increase research commercialisation.

In November 2020, an Expert Panel of key business and research leaders was also appointed to provide advice on the design, feasibility, and implementation of a research commercialisation scheme.

The University Research Commercialisation consultation paper is available on the Department of Education, Skills and Employment website.

Responses to the consultation paper can be emailed to urcs@dese.gov.au.