A blurred photo of the inside of an industrial building.

Boosting R&D crucial for economic uplift

STA strongly welcomes the Government’s investment in economy-boosting research and development detailed in today’s figures from The Australian Bureau of Statistics. However, Government investment in R&D as a percentage of GDP has remained unchanged since 2018 at 0.17 per cent.

Australian Parlimanet House on a sunny day.

Science and innovation the answer to economic adversity

In a time of biting cost-of-living challenges and economic adversity, science and innovation can set the economy on the right road for the future. In our pre-Budget submission, STA has urged the Government to build a strong and resilient economy through a bold escalation of investment in wealth-generating research and development.