Universities Australia's submission to the Review of the National Innovation System (the 'Cutler Review') outlined the strong linkages between the higher education sector and innovation, the role of innovation in sustaining a vibrant economy, and the need for funding and support mechanisms that ensure the sector can fulfil its important role in the broader innovation system.
Australia's universities are central to our national innovation system. Their world-leading research output across a range of disciplines is widely acknowledged, with Australia ranking 9th in the OECD by number of research publications. Through the participation of universities in Cooperative Research Centres and other mechanisms, much of this research is able to be commercialised for the long-term benefit of the Australian economy and is able to draw on the strong international integration of the Australian universities.
The contribution of universities to innovation in Australia goes well beyond direct research output. Universities train the next generation of researchers, whether they choose to work ultimately in the university sector, public research institutions or the private sector. Universities provide a repository of human capital and facilities, and undertake fundamental research that provides the basis for future applied technologies. Further, the stock of skilled graduates of universities provides the workforce capability that underpins the innovation process.
To read Universities Australia's full submission to the review, download the PDF below.