Mr Morrison said the government would seek out “trailblazer” universities that are early adopters of intellectual property, industrial relations and skills practices to help increase the amount of collaboration and commercialisation. He also wants better alignment of the skills industries need with the courses provided at universities.
“We’re going to work with those who are going to make this happen,” he said, adding that businesses needed to recognise the value of research.
Universities Australia Chief Executive Catriona Jackson said the institutions play a key role in driving national productivity, prosperity and boosting sovereign capability.
“Australian universities have a strong record of collaboration with industry partners, and the benefits this brings to the economy. We know that for every dollar invested in research, $5 is returned to the economy,” she said.
Mr Morrison wants to see these research developments assist with growing the nation’s manufacturing sector.
In particular, medical products, food and beverages, recycling and clean energy, resources technology and critical minerals processing, and defence and space are the six areas where he said Australia has a particular advantage and will be prioritised.
“The focus is on universities working with industry partners to drive commercialisation across [these areas],” he said.
Four universities to get $250m to commercialise new high-tech products
Source: Philippines Alive
