Researchers at Australian universities will benefit from a $76 million boost from the Australian Government that will increase collaboration between their work, industry and business.
The increase to the new research block grants includes a new stream of $50 million from the National Innovation and Science Agenda to drive universities to engage more with industry and other innovation systems.
The investment forms part of the Turnbull Government’s $1.9 billion commitment to R&D and training researchers in 2017.
Minister for Education and Training Simon Birmingham made the announcement and said Australian researchers had no shortage of smart ideas.
The focus now he said was to become better at taking research and applying it in ways that benefit the broader community, by turning our best research ideas into new job-creating commercial realities.
For more information visit https://www.education.gov.au/research-block-grants