none

MORE DETAILS FOR SCIENCE AND RESEARCH FUNDING

17-05-2018
by 
in 

The Federal Government has released an expanded overview of its 12-year national research infrastructure investment plan, marking the “next step of the innovation and science agenda”.

The plan, prepared jointly by Education and Industry departments, will “provide Australian researchers with access to critical infrastructure such as new generation cryo-electron microscopy and pre-clinical magnetic resonance imaging”. 

“When we were elected to government we said we’d be a government that put in place the right policies to make sure businesses can prosper and grow. We are a job creating government and the $1.9 billion that we are investing in Australian national research infrastructure will ensure that our businesses in Australia remain competitive,” Innovation Minister Michaelia Cash said.

“This is all about ensuring our business have access to cutting-edge technology so they can trial new ideas and improve products and processes and ultimately grow their business,” she said.

Also included in the budget was $991 million to 2020 for digital data and e-research platforms, $106.6 million for advanced fabrication and manufacturing and $309 million for earth and environmental systems.

The government has emphasised the tech spending that was featured in the budget, including $2.4 billion towards growing Australia’s research, science and technology capabilities.

This included a $1.9 billion research infrastructure investment plan, the Australian Technology and Science Growth Plan, $260 million for GPS technologies and $20 million for businesses in Asia.

The government also allocated $26 million for the establishment of a national space agency, along with $15 million for an investment fund.

“We are investing in our great ideas to grow existing businesses as well as create new ones, because growing these businesses create more jobs for all Australians Innovation Minister Michaelia Cash said.

The government will also provide $4.5 million over four years from 2018 to 2019 to encourage more women into science, technology, engineering and mathematics (STEM) education and careers.

Andrew Holmes, the president of the Australian Academy of Science, welcomed the new investment.

“Upgrading, expanding and connecting many of Australia’s research facilities remains critical to allow the research community to continue seeking solutions to some of our most pressing challenges in industry, agriculture, health and environment,” he said. 

"[The budget] reflects the long-term and strategic approach that is needed for Australia to benefit from science and innovation at a global scale."

Related news & editorials

  1. When PMFV is applied through two stage technology models it can provide up to 50% increased efficiency over conventional compressor types.
    24.02.2021
    24.02.2021
    by      In , In
    The restrictions that COVID-19 placed on us from 2020,  is a wake up call on export and import reliance for many industries. 
    We can continue as we were and hope for a slow progress to recovery or learn some important lessons in adaptability to the current and future business environment with... Read More
  2. Scott Philbrook, ANZ Managing Director, RS Components
    24.02.2021
    24.02.2021
    by      In , In , In
    Covid-19 seriously disrupted supply chains throughout industry worldwide. Scott Philbrook, Managing Director RS Components Australia, explains today’s necessity for supply chain resilience and continuity.
    The Institute of Supply Management reported that in March, at the start of the pandemic, 75%... Read More
  3. Applications are now open for the Federal Government’s $1.3 billion Modern Manufacturing Initiative.
    23.02.2021
    23.02.2021
    by      In , In
    Applications are now open for the Federal Government’s $1.3 billion Modern Manufacturing Initiative.
    The program aims to boost manufacturing and grow jobs, with businesses in the burgeoning space sector the first to be eligible to apply for grants, to help them commercialise ideas or processes, or... Read More
  4. Holloway Group Managing Director Matt Holloway sees 2021 as the perfect time to embrace the opportunities and benefits presented by manufacturing in Australia.
    23.02.2021
    23.02.2021
    by      In , In
    As the economy recovers from an unprecedented 2020, there is a renewed focus from government and industry to bolster the local manufacturing sector through both innovation and onshoring production.
    At its height, Australian manufacturing accounted for roughly 25 per cent of Australia’s Gross... Read More
Products
Suppliers