The Australian Academy of Science has expressed its support for the Prime Minister’s announcement regarding the introduction of the Future Made in Australia Act. President of the Academy, Professor Chennupati Jagadish, highlighted the importance of Australian science in shaping the future of the country.
He stated that science plays a crucial role in fostering innovation and supporting industry development. However, he also noted that without a clear understanding of the science capabilities and a strategic plan to address them, the nation’s aspirations may not be met. Professor Jagadish emphasized the vital connection between science and economic growth, calling for a modernized science system that can effectively contribute to national development.
In particular, he pointed out that Australia lags behind other countries in leveraging science for enhancing economic resilience and achieving self-sufficiency in key sectors. To address this issue, Professor Jagadish underscored the importance of aligning industrial policy with a robust science system. He called for a long-term commitment to increase government investments in R&D and encourage greater expenditure by other sectors. Additionally, he emphasized the need for a strategic roadmap to boost innovation, productivity, and industrial capability in Australia for long-term sustainable growth.
Overall, Professor Jagadish’s comments highlight the need for significant changes in Australia’s approach to scientific research and development policy if it wants to remain competitive on a global stage.
