National Reconstruction Fund an investment in big ideas and great innovation
29 March 2023
WEDNESDAY 29 MARCH 2023
With the Government’s $15B National Reconstruction Fund (NRF) now confirmed, the Australian Technology Network of Universities (ATN) will get on with the job of leading the way in key future industries.
ATN has long championed the value of investing in our own ideas, innovations and capabilities and universities are at the centre of research, innovation, translation and commercialisation and the contributions they can make to securing Australia’s future prosperity.
ATN Executive Director, Luke Sheehy, said that the NRF will play a valuable role in supporting successful research initiatives by providing the investment pathway we need to build on that success here in Australia.
“Minister for Industry and Science, Ed Husic told us that the NRF would be the connective tissue between human capital and Australia’s technological potential and there is no doubt that our great universities form a crucial part of this connective tissue,” Mr Sheehy said.
“Universities are an integral part of the local economies and communities in which they are located. They will be key to enabling the NRF to succeed in its aims of supporting, diversifying and transforming Australia’s industry and economy, helping to create secure, well-paid jobs, securing future prosperity, and driving sustainable economic growth.”
The NRF must be part of a coordinated approach with other Government reforms and initiatives which seek similar aims – such as the Universities Accord, Employment White Paper, Jobs and Skills Australia and migration reform.