The Federal Government has outlined an additional $126 million in funding for science and research in universities in 2012-13.

 

Announced in the Federal Budget, the increase will bring the total investment for university research to $1.72 billion for the 2012-13 year, and $9 billion for research and innovation around the country.

 

Minister for Science and Research, Senator Chris Evans, said the funding was critical to ensuring Australia remains internationally competitive.

 

“We need to maintain our world-class science reputation and invest in research to ensure Australia is well placed to drive innovation in the 21st century,” Senator Evans said.

 

The government's investment in university research and spending is broken down as follows:

  • $656 million for the Research Training Scheme
  • $233 million for Research Infrastructure Block Grants
  • $345 million for Joint Research Engagement
  • $219 million for Sustainable Research Excellence
  • $248 million for Australian Postgraduate Awards
  • $22 million for International Postgraduate Research Scholarships

 

“Our funding will support the academies to promote research and scholarships and provide independent, expert advice across government, industry and the community on issues of national and international significance—like science, technology, humanities and the social sciences—for the benefit of all Australians,” Senator Evans said.

 

“This investment will help Australian scientists and researchers drive innovation and remain competitive in the increasingly complex global economy.”