Minister for Industry and Science Ed Husic today announced that Round 24 of the Cooperative Research Centre (CRC) grants program had opened for application.
CRC grants provide funding for industry-led research centres that can transform Australian know-how into practical outcomes for Australian businesses. The grants can support industry-led collaborative research centres of up to 10 yearsโ duration.
โThe Governmentโs CRC program supports research and development initiatives that result in significant benefits to industry and the community,โ Minister Husic said.
โThis funding can provide an often-missing step between research and commercialisation.โ
The latest evaluation of the CRC program, released today, shows it is working to strengthen the bond between industry and research organisations.
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โThis evaluation found CRCs will contribute about $32.5 billion towards economic productivity by 2025 through commercialisation of new technologies, products and services that solve real problems for industry,โ Minister Husic said.
โThe evaluation also concluded CRCs will continue to help address Australiaโs economic, environmental and social challenges by enhancing capability of the research workforce.โ
Grant applications are open to all industry sectors and research disciplines, with applicants at least matching the funding sought through cash or inโkind contributions from partners.
Since the CRC program was launched in 1990 under the Hawke Labor Government, it has delivered more than $5.5ย billion to establish 236ย CRCs and 189ย CRC Projects, leveraging a further $16.8ย billion in cash and in-kind contributions from partners.
โThis program generates tangible economic outcomes by supporting projects designed to bolster the productivity and sustainability of Australian industries,โ Minister Husic said.