Failing to convert research: more outcomes needed

The Association of Australian Medical Research Institutes (AAMRI) report on improving the government’s return on investment followed a meeting of representatives from the research, commercialisation, venture capital and biotech sectors.

It said Australia must set up coordinated “commercialisation arms” which span all research institutions and hospitals; create two seed funds; start evaluating the commercial success of all NHMRC grant and fellowship schemes; and improve government support and regulation programs.

AAMRI president

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