Australia has world-class research but low rates of research commercialisation by global standards. The scale and cultural focus of the government’s plan mean it could have an impact on this problem.
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The question for universities is no longer whether to offer work-integrated learning but how to do it well, especially now that digital technology has expanded the scale of what is possible.
The lack of dedicated funding and support for research commercialisation, on top of the other obstacles academics face, means Australia’s poor performance is no mystery.
Just 5% of Australian businesses have collaborated with university researchers, and the smaller the company, the less likely collaboration.
The federal government is right to focus on improving Australian universities’ success rate in commercialising research, but can take specific steps itself to help achieve this.
Government incentives might boost the numbers of collaborative research projects, but academics also must work on their relationships with industry practitioners to ensure everyone contributes fully.
To make graduates employable and close the training gap, we need to strengthen links to industry and pay attention to the changing needs of businesses.
With graduate employment at its lowest since records began in the 1980s, universities are trying to come up with ways to make their graduates more attractive to employers. One common way is involving employers in their teaching solutions, but this has rarely worked.
The Departments of Education and Industry jointly released a paper, Boosting the Commercial Returns from Research, this morning. While somewhat short on details, the document clarifies that the Commonwealth…
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Director of Research, US Studies Centre, University of Sydney
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Associate Professor, Bond Business School, Bond University
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Professor in Innovation and Associate Dean (Research), The University of Queensland
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Vice-chancellor, Federation University Australia
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Professor, College of Business, Zayed University
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Associate Professor, Director Australian Urban Observatory, Centre for Urban Research, RMIT University
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Senior Lecturer, Charles Darwin University
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Senior Lecturer, International Business and Strategic Management, The University of Melbourne
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Senior lecturer, Queensland University of Technology
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Lecturer, Management, La Trobe University
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Senior Education Manager, Business, Economics and Law Faculty (Employability), The University of Queensland
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Professor and Director, Global Change Institute, The University of Queensland
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Professor, Director, RMIT University
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Adjunct Associate Professor, University of Sydney
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SME Collaboration Nation Lead, CSIRO
