In response to the Australian government’s $2 billion drive to transform university research into profitable endeavours, Steve Baxter, tech investor and star of reality TV series Shark Tank, said the focus should instead be on the country’s burgeoning start-up scene rather than tertiary sector.
Australian Prime Minister Scott Morrison, in late January, announced the AU$2.2 billion (US$1.56 billion) Research Commercialisation Action Plan, which includes a 10-year, $1.6 billion program called Australia’s Economic Accelerator (AEA).
