The Ministers for Education and Industry jointly commissioned a review of measures that can be taken to boost the commercialisation of Australian publicly funded research.
Research Australia agrees that more can be done to support the commercialisation of Australian research, and our submission makes a number of proposals to increase the commercial returns from publicly funded research. While commercialisation of research is the clear focus of the discussion paper and our response, Research Australia recognises that commercialisation is not the sole purpose of publicly funded research, and that the focus must be on achieving the right balance between:
- basic and applied research;
- investigator led and strategic priority driven research; and
- commercialisation and other paths to translation.