$1 billion plan to unleash research and innovation drivers

By Geoff Maslen. Australian universities have welcomed an announcement by Prime Minister Julia Gillard of a US$1 billion plan to boost jobs through industry and innovation, saying it had the potential to unleash research and innovation as the key drivers of national productivity. A central component of the three-pronged strategy outlined by Gillard on Monday is introducing industry innovation precincts – hubs of research and innovation to support industry competitiveness – which will be administered by a National Precincts Board. Read more...