As announced in the 2020-21 Budget, the Government is providing $5.8 million to scope a University Research Commercialisation Scheme (a Scheme) to better translate and commercialise university research outputs. This is in addition to the $1.2 billion provided to the university research sector to maintain capability and excellence of Australian research.
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The scoping study will develop options for the establishment of a Scheme, drawing on advice from universities, industry and other experts and will be presented to Government for consideration.
On 11 November 2020, the Minister for Education convened an expert panel made up of business and university leaders, to advise him on the scoping study. The panel is chaired by Mr Jeff Connolly, Chairman and CEO of Siemens Australia and New Zealand.
Consultation paper released for submission
Interested parties and members of the public are now invited to contribute their perspectives on the development of a Scheme. The issues, rationale, and key design elements of a Scheme are outlined in the consultation paper with some optional discussion questions which may be used as a prompt to guide your submission.
Please email your submission (of no more than 1,500 words) to the department at email@example.com.
Please advise in your email whether you consent to your submission to be made publicly available. Submissions which do not state that they can be made publicly available will not be published to the department’s website.
Submissions close 11.59pm AEST Friday 9 April 2021