none

RESEARCH-BUSINESS COLLABORATION THE KEY TO INNOVATION

11-03-2016
by 
in 

Collaboration between industry and education organizations for commercialisation of research is both desirable and achievable, says Innovation and Science Australia chair Bill Ferris.

Addressing the Universities Australia’s 2016 Higher Education Conference Mr Ferris said: “Right now, despite a host of recent indicators praising our scientific and creative abilities, we are dead last in the OECD rankings of academia and business collaboration for innovation.

“Our alarming collaboration ranking is a direct contributor to our poor performance at commercialising our discoveries and this cannot continue. The good news is improving collaboration between research and industry is the low hanging fruit for quick wins when it comes to driving innovation.”

Mr Ferris said the Government’s announced changes to criteria for the allocation of research funding to universities are needed to reward engagement with industry.

“New arrangements recommended by Dr Ian Watt and taken up under the Government’s National Innovation and Science Agenda would simplify research block grants into two streams and seek to give universities an incentive to achieve greater industry and other end-user engagement, in addition to providing grants on the basis of traditional tests of research excellence,” Mr Ferris said.

“At the same time, I understand we need to continue to excel in fundamental research, I don’t accept that research excellence and clever commercialisation are mutually exclusive.

“Improving the research funding mix is welcome because it will encourage more and more researchers to reach out.

“In the same vein businesses can be encouraged to reach in to universities. I am working with Dr Alan Finkel, Australia’s Chief Scientist, and John Fraser, Secretary of the Treasury, on a review of the R&D Tax Incentive Programme.

“That Review is considering options to better reward businesses that engage with universities and other publicly funded research organisations.”

Related news & editorials

  1. 22.09.2020
    22.09.2020
    by      In
    Australian energy management software company SwithchDin is set to launch its accelerated growth under the new leadership of appointee Marc Sheldon as Chief Operating Officer.
     Mr Marc Sheldon will take SwitchDin to the next stage of expansion. He will execute on the company’s strategy with... Read More
  2. 22.09.2020
    22.09.2020
    by      In
    Local firm Leussink was engaged by Dutch company Boon Edam, to create a bespoke visual display unit for security entrances.
     To mitigate the risk of spreading coronavirus through building entrances, Boon Edam is expanding its range of touchless entrance solutions.
     Touchless entrance systems are... Read More
  3. 22.09.2020
    22.09.2020
    by      In
    A training program to develop high level welding skills was recognised by industry in the Premier’s Industry Collaboration Award granted recently to TAFE Queensland and Rheinmetall Defence Australia.
     The industry training collaboration between TAFE Qld and Rheinmetall Defence Australia delivered... Read More
  4. 17.09.2020
    17.09.2020
    by      In
    A new report from Australia’s national science agency, CSIRO, has revealed the opportunities for key industries to leverage science and technology and help restore economic growth and resilience.
    The COVID-19: Recovery and resilience report highlights the trends and national advantages COVID-19... Read More