Cooperative Research Australia has welcomed the announcement by Industry Minister Ed Husic MP today of $127 million of Australian Government investment for two new Cooperative Research Centres: Zero Net Emissions from Agriculture CRC and Solving Plastic Waste CRC.
The two CRCs unlock a total investment of $350 million in innovation over 10 years, and will bring together business, industry and government to tackle some of our most difficult challenges – reaching net zero by 2050 and dealing with plastic waste.
CEO of Cooperative Research Australia, Jane O’Dwyer, said that industry-led cooperative research enabled through the Cooperative Research Centres Program is an Australian success story, translating research into action and unlocking private sector investment in R&D.
“Congratulations to both the Zero Net Emissions from Agriculture CRC and Solving Plastic Waste CRC teams on their success. Bidding for a CRC is a long and demanding process that requires a high degree of commitment and investment by industry and research partners,” said Ms O’Dwyer
“Round 24 of the CRC Program was incredibly competitive and it is disappointing that more CRC bids were not successful in this Round. We were hoping to see more new CRCs than in recent years, tackling the biggest challenges Australia has and unleashing private sector investment in R&D.”
“CRCs drive long-term change, contributing to a more complex economy, creating new businesses, developing a highly skilled and entrepreneurial workforce, and bringing together business and research to solve complex and wicked problems.”
“They are a good investment, and one that returns extraordinary value to the Australian people and economy. The most recent evaluation of the CRC program found Australia’s GDP is estimated to have increased by $5.61 for every dollar of government funding for CRCs since 2005, and that stakeholders and partners consider the program improves commercialisation and enhances the capability of the research workforce.”
“CRCs make a difference, provide value for money and play an outsize role in growing our economy. Expanding the program is in Australia’s national interest as it would make a significant – and well understood – difference to the level of R&D investment in Australia across all sectors.
“Our newest CRCs give Australia a boost in tackling some of the most crucial transitions to a low carbon and healthy future. They represent the absolute best of research and industry working together.”