Overall ATSE welcomes the Federal government’s investment in the higher education sector, Women in STEM, and low emissions and clean energy economy. We look forward to hearing how this investment will be applied.
See below for our online event: Webinar and Q&A hosted by the ATSE Policy team
Australia’s innovation economy
The budget provides support for research at Australia’s universities and extends a much-needed lifeline to Australia’s innovation economy, it does this by
- maintaining $2 billion in funding for the Research and Development tax incentive
- injecting $1 billion into the Research Support Program to support university research
- investing $1.3 billion to establish the Modern Manufacturing Initiative
- providing $965.6 million in additional funding to the CSIRO, BOM and ANSTO
- continuing financial support for NCRIS, the CRCs and CRC-Ps, the ARC and NHMRC and MRFF.
These budget measures, in addition to supporting research and innovation, contribute to the translation and commercialisation of research, build industry engagement and create jobs.
Energy and low-emission technologies
$1.9 billion over twelve years will be invested into new energy and low-emissions technologies, importantly this includes the following investments:
- $1.4 billion for the Australian Renewable Energy Agency (ARENA)
- $5.2 million to implement the Technology Investment Roadmap through the development of annual clean Technology Statements to identify priority technologies, and create an ongoing Technology Investment Advisory Council
Women in STEM
The $231 million second women’s economic security package includes $39.6 million to enable women to gain STEM skills and work in STEM industries.
- $25.1 million over five years to establish a Women in STEM Industry Cadetship program to support 500 women working in STEM industries to complete an Advanced Diploma through a combination of study and work-integrated learning experiences.
- $14.5 million over four years for to extend or expand existing initiatives that support girls and women to gain STEM skills and capabilities, including the Women in STEM Ambassador, the Women in STEM Entrepreneurship Grants Program and the Girls in STEM Toolkit.