University Research Commercialisation Action Plan

The University Research Commercialisation Action Plan outlines the Australian Government’s reform agenda to increase research commercialisation in Australia.

Today, the Federal Government revealed its $2.2 billion University Research Commercialisation (URC) Action Plan which places university innovation and industry collaboration front and centre of Australia’s economic recovery.

The Action Plan aims to supercharge the generation and translation of Australian research into new commercial products that will provide the basis of the innovative new businesses.

The Action Plan will drive reforms in four areas:

  • placing national manufacturing priorities at the core of Australian Government-funded research

  • priority-driven schemes to ramp up commercialisation activity

  • university research funding reform to strengthen incentives for genuine collaboration with industry, and

  • investing in people who are skilled in university–industry collaboration.

The detail URC Action Plan can be downloaded here.

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