News

    $130M for innovation priorities

    Labor HQ posted Wednesday, 16 December 2009

    Seven
    Cooperative Research Centres (CRC) addressing high priorities such as
    biotechnology, mining and remote community economics have been granted
    $130 million in funding in the CRC Program's latest selection round.

    "These CRCs address Government priorities, including economic
    disadvantage in remote communities," Senator Kim Carr, Minister for
    Innovation, Industry, Science and Research, said announcing the funding.

    "I congratulate all seven groups that were successful in what has been a highly competitive round.

    "It is exciting to see such dynamic groups coming together to work on some of our most pressing challenges."

    The successful CRCs are:

    • CRC for Advanced Composite Structures ($14 million):
      will connect Australian small and medium enterprises in manufacturing,
      materials supply and engineering to international value chains.
    • CRC for Infrastructure and Engineering Asset Management ($12 million): to
      increase the availability, productivity and useful life of defence
      assets (including combat aircraft and ships), and of railways and power
      and water utilities.
    • CRC for Environmental Biotechnology ($4 million):
      to commercialise biotechnologies that use natural biological systems to
      transform waste into useful products and green energy, and rapid
      microbial monitoring platforms.
    • CRC for Optimising Resource Extraction ($17.5 million): to
      transform mineral deposit evaluation and extraction, to significantly
      enlarge Australia's mineral resource and generate a more sustainable
      mining industry.
    • CRC for Remote Economic Participation ($32.5 million):
      to support the Government's commitment to close the gap on Aboriginal
      disadvantage and develop economically sustainable communities in remote
      areas.
    • Wound Management Innovation CRC ($28 million): to
      improve wound healing and quality of life for people with wounds, and
      provide cost-effective wound care that lessens burdens on our
      healthcare system.
    • Vision CRC ($22 million): to deliver revolutionary vision care treatments and products for sufferers of eye problems like myopia and cataracts.

    "I'm proud that the CRC Program, which was established by the Hawke
    Labor Government in 1990, remains the Government's premier program for
    building long-term collaborative partnerships," Senator Carr said.

    "These partnerships play a crucial role in addressing Australia's
    innovation needs and delivering social, environmental and economic
    outcomes for all Australians."

    More details on the CRC Program are available from www.crc.gov.au

    Tags: Industry, Innovation