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2012 National Research Investment Plan
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2012-12-26
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http://www.innovation.gov.au
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National_Research_Investment_Plan.pdf
2012 National Research Investment Plan
EXECUTIVE SUMMARY
Research and innovation make our lives better. New knowledge, technologies and innovative processes increase living standards, improve the health of our population and create more sustainable and resilient communities.
There are two main mechanisms by which research and innovation improve national wellbeing. Firstly, research is an important driver of productivity growth. New ideas enable both the business and non‑business sectors to deliver better products and services more efficiently. Secondly, research helps to solve national and global challenges. New technology improves disease prevention and treatment, increases food production and helps us to protect our nation and our environment.
Business, higher education, Commonwealth, State and Territory governments and the private non‑profit sector are all important contributors to research and innovation. Indeed, the business sector represents the majority of Australia’s research and development expenditure, which raises the question: why should the Australian Government invest public funds in research and innovation?
The fact that business cannot capture the full economic benefit of research, and that non‑business research organisations have limited resources, means that research by all sectors is likely to be less than socially optimal unless support is provided by the Australian Government. In this context, the government has a particular responsibility to sustain basic research and research that serves the public good.
Over the years, government decisions on research funding have generally been taken individually or, from time to time, as part of a larger one‑off policy initiative. The Australian Government’s 2011 review of arrangements for the public funding of research called for a national, strategic dialogue and better coordination of research effort and investment. The National Research Investment Plan (the Plan) sets out, for the first time, a comprehensive national research investment planning process: a process that will enable a coordinated, whole‑of‑government approach to research investment that is structured to meet national needs and provide value for money. Accordingly, the Plan will support future decisions by the government in relation to the level and balance of research investment. In summary, the planning process comprises:
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