Research review starts soon
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Australia’s R&D system is getting a long-overdue check-up.
The Albanese government has launched a review of Australia’s research and development (R&D) system, marking the most comprehensive evaluation in nearly two decades.
The initiative is set to focus on boosting innovation, driving economic growth, and securing global competitiveness.
Announced as part of the government’s Future Made in Australia policy, the Strategic Examination of Research and Development aims to tackle pressing national challenges, from achieving net zero emissions to advancing critical technologies.
The review, framed as a pathway to more impactful and collaborative R&D efforts, is expected to identify opportunities for Australia to better harness its strengths in science and innovation.
The review will be conducted by an expert panel chaired by Robyn Denholm, the Chair of Tesla, joined by Emeritus Professor Ian Chubb, a former Chief Scientist; Professor Fiona Wood, a renowned innovator in medical research and creator of spray-on skin technology; and Dr Kate Cornick, an advocate for startups as the CEO of LaunchVic.
Their combined expertise should uncover insights into how Australia can turn research into tangible benefits for the economy and society.
Ms Denholm says the review is about unlocking Australia’s potential by connecting its world-class research with commercial opportunities.
“Australia has ambitious goals to become a thriving economy that leverages its greatest resource, our extraordinary people,” she said.
“While we excel at producing world-class research, it is now imperative to focus on development and commercialisation to realise the full impact of our efforts.”
Industry and Science Minister Ed Husic says Australia’s slide in global R&D rankings shows a review is urgently needed.
“Our ideas and intellectual property are an indicator of future economic success,” he said, adding that the government’s $23 billion Future Made in Australia plan must be matched with a world-class R&D system.
Education Minister Jason Clare echoed this sentiment, highlighting the need for a more predictable approach to research funding, as recommended in the Universities Accord.
The review has already garnered strong support from leading institutions.
The Australian Academy of Science welcomed it as an opportunity to position Australia more competitively on the global stage.
Professor Chennupati Jagadish, the Academy’s President, described the review as a potential roadmap to a more coherent and strategic R&D system.
Meanwhile, the Australian Academy of Technological Sciences and Engineering stressed the importance of reversing a decade-long decline in R&D investment.
Kylie Walker, CEO of ATSE, pointed to the economic potential of effective R&D funding, noting that every dollar spent on research yields $3.50 in return.
“What should really concern us,” she added, “is the research that does not happen due to a lack of investment.”
The review will engage with universities, industries, government bodies, and the public, with findings due by the end of 2025.
