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NSW government s freshly minted R&D action plan gets $26 million boost

NSW Premier Gladys Berejiklian. Source: AAP/Mick Tsikas. The New South Wales government on Monday launched a plan to accelerate research and development in the state by boosting investment and collaboration between the government, universities and small businesses. The blueprint, dubbed ‘Turning Ideas into Jobs Accelerating Research and Development in NSW’, outlines five priority actions that aim to create jobs in emerging industries, including by launching a Small Business Innovation Research (SBIR) program, investing in the state’s research precincts, and creating an R&D matchmaking platform that connects sellers and buyers. The NSW government will partly fund the plan using $26 million from the state’s 2020-21 budget that was allocated to research and development.

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