Stellar records on research at risk from funding shortfall

Melbourne University, the winner of the Research category, has created an ecosystem with industry partners and policymakers.

Alexandra Cain

Nov 14, 2024 – 5.00am

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Leading universities say their funding system is broken and unless there is a major rethink of the nation’s once-exceptional tertiary research sector, its output will severely diminish.

OECD figures show Australian domestic spending on research and development is just 1.7 per cent of GDP, less than half the US figure of 4.9 per cent of GDP.