Strategic Review of the Australian R&D System – Submission from Evolv3
On 12 February 2025, the Australian Government released its R&D discussion paper, and welcomed feedback through a consultation process. R&D Investment has been on a steady decline over the years, and the consultation aims to explore how Australia can drive stronger innovation, research, and commercialisation, in order to improve national productivity and global competitiveness.
In our response to the panel, we noted our perspective on the fundamental problem being the failure to translate R&D into scalable products and services, and the solution lies in shifting our focus from not just creating R&D, but supporting its commercialisation implementation at scale.
Our Solution: Open Innovation Education: Accelerating the Commercial Success of R&D
What is the ultimate goal?
Drive measurable commercial translation
What impact could it have?
- Enhanced education
- Structural efficiency
- Sector alignment and participation
- Promotion of national priorities
- Optimal Innovation
…and much more…
What could it include?
- Stage evaluation and mapping of the innovation journey ahead
- Tailored guidance and education based on innovation diagnostic assessments and progress tracking
- Tailored access to experts and facilities
- Access to peers through a collective innovation network, plus exposure to success stories
- Stage accreditation
