Science is at the heart of industry growth in Australia and will drive our future productivity gains and competitiveness.

The Australian Government is building and supporting a culture of entrepreneurship that helps Australian industry and the science community work together to commercialise new products, processes and services.

That is why the Australian Government has put science at the heart of industry policy and is making an investment of around $9.2 billion in 2014-15 in science and innovation.

This is an investment in Australia’s future—from the strength of our businesses, to the health of our people, to our ability to respond to new challenges and make day-to-day life easier, science supports almost every facet of our lives.

The Industry Innovation and Competitiveness Agenda recognises that science based innovation is critical to making Australian businesses globally competitive.

The initiatives that will promote science in the economy include:

  • Industry Growth Centres
  • Entrepreneurs’ Programme
  • the R&D Tax Incentive
  • the Commonwealth Science Council
  • funding to promote science, technology, engineering and mathematics in schools.

The government has a number of mechanisms to support researcher-industry collaboration and commercialisation. Information on these mechanisms is available in this section.

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