University Research Commercialisation Consultation Paper
The future of Australian industry depends on innovation and technology development, which can only be achieved through the effective commercialisation of research. Critical to this process is the involvement of our world class universities and scientific research organisations.
The Department of Education, Skills and Employment is seeking views on the development of a model for university research commercialisation and possible mechanisms to incentivise and increase partnerships between businesses and universities.
IMCRC is pleased to offer this submission, which considers the areas of mission-driven research, stage-gated design, incentives for participation, industry-university collaboration, and governance. It also offers recommendations for a national, industry-led model based on IMCRC’s experience, learnings and success, particularly in removing barriers for SMEs to collaborate with Australian universities and other scientific research organisations.