New Research and Innovation fund for WA
The Western Australian Science and Innovation Minister John Day has announced the creation of a new $10 million Research and Innovation Fund in 2011-12 as part of an additional commitment in this year’s budget of $54.5 million for industry, science and innovation from 2011-12 to 2014-15.
Mr Day said the Government is focusing on areas of strategic importance to WA, including research and development in mining, oil and gas, radio astronomy, health and the environment.
“Programs and activities will focus strongly on encouraging industry, science and research institutions to develop new proposals with the capacity to enhance this State’s competitive advantage.
“Every dollar the State Government invests in science and innovation attracts substantially more from outside sources, including the Federal Government and the private sector. This contribution is an important component in continuing to attract research dollars to WA.”
New schemes will focus on supporting industry-led research; attracting innovative thinkers to the State; building strong links between industry, government and research institutions to assist the commercialisation process; and encouraging science participation within the community.
The Minister said the investment would further develop the State’s knowledge economy.
“The industry development and research expertise in WA is exceptional. We are leading the way in many areas and this is due to the talented people working here,” he said.
“Programs will ensure the State continues to carry out science and innovation that is internationally competitive and of specific benefit to WA.”