Will the government’s $2.2bn, 10-year plan get a better return on Australian research? It all depends on changing the culture

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Over the past few years, the Morrison government has made A$2 billion funding commitments to everything from the critical minerals and rare earths industry to bushfire recovery. Now the government has made yet another $2 billion announcement of an “action plan to supercharge research commercialisation”. It’s a longstanding challenge, one that many said should have been acted on long ago.

This announcement may appear like the many others that came before it, particularly given it’s so close to an election. Nonetheless, this effort may ultimately have an impact on one of the most vexing aspects of Australia’s economy: the lack of research commercialisation.