Higher Education Support Amendment (Australia's Economic Accelerator) Bill 2022

# Higher Education Support Amendment (Australia's Economic Accelerator) Bill 2022 ## What it does The government is creating a new funding program called "Australia's Economic Accelerator" that gives grants to universities and research organisations to turn their research into commercial products and services. It's focused on research in areas the government considers nationally important, and includes a strategy to identify and remove barriers stopping universities from getting their discoveries to market. ## Why it matters Universities do a lot of research, but much of it never becomes a product or business that benefits the economy. This bill aims to bridge that gap by funding the final stages of getting research ready for investors and companies to commercialise—potentially creating new industries and jobs. ## Key details - Universities, research bodies, and eligible organisations can apply for grants under this program - An "AEA Advisory Board" will create a strategy identifying which technologies matter most and what's blocking their commercialisation (whether that's regulation, money, or cultural issues) - The bill came into effect the day after the Parliament approved it, so funding could begin immediately

🔒 Voting closed — this bill has been decided by parliament