The Australian Academy of Technology and Engineering (ATSE) has welcomed the Federal government’s Modern Manufacturing strategy, outlined today by the Prime Minister at the National Press Club.
ATSE believes that Australia’s productivity and competitiveness relies on an innovative industry sector that embraces research, technological innovation, and local and international collaboration.
Investment in digitising and automation will accelerate evolution in manufacturing, secure Australia’s sovereign capability, and enhance capacity to respond quickly as new needs emerge.
We look forward to the Treasurer having more to say in next Tuesday’s Budget concerning R&D incentives and investment.
The Academy would like to see private sector investment in publically-funded research incentivised through a collaboration premium of up to 20 percent.
Note to media: Please read ATSE’s budget submission.
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The Australian Academy of Technology and Engineering is a Learned Academy of independent experts helping Australians understand and use technology to solve complex problems.