The federal government is investing $2.2 billion for university research commercialisation which would place “university innovation and industry collaboration front and centre of Australia’s economic recovery.”
Part of this funding includes $1.6 billion over ten years for Australia’s Economic Accelerator – a new competitive funding program to help university projects bridge the so-called “valley of death” – the place between the lab bench or research environment and the marketplace, where many good ideas essentially die.
