Australian Universities Back Research Commercialisation as Sector Struggles With Post-COVID Blues

A student walks around the University of New South Wales campus in Sydney, Australia, on Dec. 1, 2020. AP Photo/Mark Baker

Industry groups representing Australian universities are backing the federal government’s move to explore how the sector can better commercialise research and technological developments.

The proposal comes as the tertiary sector grapples with a post-COVID economic environment, which has seen the sector shed 17,300 jobs and lose over $1.8 billion in revenue over the past year.