{"id":49452,"date":"2021-02-22T20:30:52","date_gmt":"2021-02-22T20:30:52","guid":{"rendered":"https:\/\/www.innovationaus.com\/?p=16226"},"modified":"2021-02-22T20:30:52","modified_gmt":"2021-02-22T20:30:52","slug":"science-calls-for-2-4b-research-translation-fund","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/02\/22\/science-calls-for-2-4b-research-translation-fund\/","title":{"rendered":"Science calls for $2.4b research translation fund"},"content":{"rendered":"
The nation\u2019s peak science<\/strong> lobby has called on government to use the expected $2.4 billion in savings from changes to the Research and Development Tax Incentive to fund the creation of a new research translation and commercialisation fund.<\/p>\n Science and Technology Australia says in a 2021 pre-Budget submission to government that there was an opportunity for a once-in-a-generation, legacy-defining \u201cseismic investment\u201d in science to build the next generation of capability in Australia.<\/p>\n Such a research translation fund would provide a significant boost to industry-university collaboration rates \u2013 an area where Australia has consistently under-achieved \u2013 and become a vehicle to turn more university research into products and services.<\/p>\n