Tonight’s Federal Budget takes some welcome steps towards reform of the research and development system in Australia but lacks ambition and creates greater uncertainty.  Science & Technology Australia (STA) CEO Ryan Winn welcomed the establishment of the National Resilience and Science Council, which is essential to implement the Ambitious Australia report.  “Ambitious Australia provided the blueprint for the future of research and development. […]

This time last year, Treasurer Jim Chalmers spoke about five ‘seismic changes’ reshaping the world in his Federal Budget speech. Shifts from globalisation to fragmentation, hydrocarbons to renewables, IT to AI, a young population to an older one and shifts in the industrial base. He noted that each of these challenges put a premium on resilience. We argue they also put a premium on Australia’s Science, Technology, Engineering and Maths (STEM) capability. Delivering solutions to the challenges Australia faces in the context of these changes will require strong investment in our nation’s STEM capacity. But there are significant roadblocks.

Today’s announcement by the Australian Government that $1.5 billion in funds for research and development will be cut or redirected in next week’s Federal Budget creates uncertainty at a time when the research and development (R&D) industry is desperate for a plan. Finance Minister Katy Gallagher has confirmed Australia’s Economic Accelerator (AEA) program will be […]