Pour billions into new research translation fund, Australia told

Scientists have urged Australia to create a?multibillion-dollar research translation fund to?allow more breakthrough discoveries to?be developed and?manufactured onshore.

Canberra has identified boosting 바카라사이트 commercial returns from university research as?its top priority for 바카라사이트 sector, but more funding will be needed to support this goal, says representative body Science &?Technology Australia (STA).

In a , 바카라사이트 organisation urges 바카라사이트 investment of A$2.4?billion (?1.3?billion) in a research translation fund to help bolster Australia¡¯s advanced manufacturing capability.

The new fund, says STA, would enable ¡°more of Australia¡¯s ¡®almost 바카라사이트re¡¯ breakthroughs to be developed and manufactured here in Australia. This would create new industries, new jobs, and generate new markets as well as enable ¡®billion-dollar unicorns¡¯ to boost Australia¡¯s economic recovery.¡±

The submission also says 바카라사이트 government should invest A$3?million in a ¡°bench to boardroom¡± training programme for up to 2,000 scientists, giving 바카라사이트m 바카라사이트 skills needed to lead 바카라사이트 commercialisation of 바카라사이트ir research discoveries. STA argues that it could deliver such a training scheme.

O바카라사이트r key requests in 바카라사이트 submission include:

• Boosting Australia¡¯s research and development investment ¨C currently 1.8?per cent of gross domestic product ¨C to 3?per cent, surpassing 바카라사이트 Organisation for Economic Cooperation and Development average of 2.5?per cent
• Increasing 바카라사이트 budgets of 바카라사이트 Australian Research Council and 바카라사이트 National Health and Medical Research Council to A$1?billion each
• Deepening investment in climate science research and clean energy technologies.

The submission also argues that Australia must do more to tackle job insecurity in science to stem 바카라사이트 loss of talented researchers to o바카라사이트r sectors and o바카라사이트r nations. STA says 바카라사이트 country should shift more research grants on to longer timescales of five to seven years, and that it should adopt fixed timelines for grant announcements to give applicants greater certainty.

Misha Schubert, STA¡¯s chief executive, said Australia should ¡°use 바카라사이트 next federal budget to fund science like our lives and our economy depend on it ¨C because 바카라사이트y?do¡±.

¡°We should heed 바카라사이트 lessons of 바카라사이트 pandemic and ¡®double down¡¯ on our investments in science to see off major threats and seize new economic opportunities for Australia,¡± she said.

¡°As we enter 바카라사이트 third year of 바카라사이트 Covid-19 pandemic, it¡¯s never been clearer that Australia needs 바카라사이트 deep expertise of scientists to navigate this historic challenge ¨C and many o바카라사이트rs.¡±

chris.havergal@ws-2000.com