The bipartisan research commercialisation package has passed the parliament

The coalition started work on Australia’s Economic Accelerator and the government has completed it.

The scheme variously provides $500 000 for proof of concept to $5m for proof of scale for research projects.

“Australia ranks in the top ten countries when it comes to basic research, but on the Global Innovation Index we rank 37th for knowledge and technology output,” an announcement from Education Minister Jason Clare states.

Who knew discovery research was such a world-leader? CMM asked where the strong research stats came from and Mr Clare’s office advises, the OECD Main Science and Technology Indicators for 2016 HERE and for 2020 HERE.