The Australian Government is investing $1.6 billion to accelerate reform in the higher education sector for the translation and commercialisation of university research through a new stage-gated funding program, Australia’s Economic Accelerator (AEA). The AEA will support translation and commercialisation activities aligned with national research priorities and will be supported by expert governance arrangements. The program will develop a pipeline from discovery through to commercialisation, ensuring Australia reaps the benefits of investment in research within the university sector.

https://www.education.gov.au/australias-economic-accelerator#:~:text=The%20Australian%20Government%20is%20investing%20%241.6%20billion%20to,new%20stage-gated%20funding%20program%2C%20Australia%E2%80%99s%20Economic%20Accelerator%20%28AEA%29.