Dr Ian Watt’s Review of Research Policy and Funding Arrangements proposes a fundamental overhaul of the Research Block Grant programmes so that they support both fundamental research and that supporting industry and other end user needs.
“The Report gives the Government the basis to strike a better balance of incentives for universities to engage with business and other end users of research. We need to maintain our substantial fundamental research capability, whose world class standard has been shown yet again through ERA 2015, and strengthen the value of research for end users,” said IRU Executive Director, Mr Conor King.
The Watt review comes at an important juncture for the future of Australian research.
“I hope the Government will endorse the thrust of Dr Watt’s recommendations in its coming innovation statement and go on to ensure that business has the right incentives to in parallel take up the challenge to invest in research that supports its needs.”
The Report’s key themes are in line with the IRU’s submission to the Review. Read more below.