Higher Education Research Commercialisation IP Framework
It is vitally important that steps be taken to strengthen collaboration between private sector firms and universities to ensure that Australia can continue to build its innovative capacity to drive the next wave of economic growth for the long-term. There is a significant economic payoff for the nation which comes from the scaling-up of new fast-growth businesses: these businesses will create new industries and new high-value jobs. We must ensure that investment into research and innovation is maintained in the short-term, given empirical data tells us that these areas can see a drop-off in support following a major economic shock such as a recession. A sustainable funding pipeline must be supported through a framework that better supports commercialisation of world leading research and ideas, early-stage businesses will have the ability to drive innovation and jobs growth for the Australian economy.
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