Posted by The Australian Financial Review on Thursday, September 27, 2019 12:03:47Read moreThe National Institute of Technology (NIT) has been given a “good” or “very good” rating on its technology transfer rating system, a new report has found.
The National Innovation and Research Infrastructure (NIRDI) is responsible for the overall system of assessing and rating the value of research and development funding.
The rating system is based on a number of factors including how much research and innovation is completed each year, and whether the funding is used for specific projects.
The NIRDI’s Technology Transfer Rating (TTR) system was developed to provide a broad framework to assess the value the government and industry provides for Australian research and research-related outcomes.
“The NIBR has a good score for the TTR, and that reflects our overall assessment of the value that industry provides in terms of the quality of the research and the value it provides to the economy,” Associate Professor of Technology Management, Dr Simon Wood of the NIBT, told AAP.
“However, there is one particular category in which the system does not provide a good overall score for Australia and that is materials.”
In that category, the NIRDI has a bad score, and we don’t have a good assessment of that category.
“The NIRR was launched in 2014 as part of the National Innovation Strategy.
It provides a “scorecard” of the importance of the types of funding and research and how that impacts Australian competitiveness.
It was designed to provide “a benchmark for the performance of the government, industry and academia”, the NIST said in a release on Wednesday.”
It is intended to serve as a reliable and meaningful tool to monitor the impact of research, innovation and development in the Australian economy,” the release added.
The government’s innovation and research portfolio was $11.8 billion in the 2013-14 financial year, compared with $16.9 billion in 2014-15.
The Australian Bureau of Statistics (ABS) said in February that the sector accounted for 15.5 per cent of total investment in the country.
Topics:technology,science-and-technology,australiaFirst posted September 27, 2018 06:50:39More stories from Australia