The NSW Government has released its long-term strategy for turning the state’s research and development (R&D) capabilities into world-leading industries and jobs for future generations.
Member for Goulburn Wendy Tuckerman said NSW 20-Year R&D Roadmap will shape the future of science and technology in NSW.
“R&D delivers positive economic and social outcomes and will be key to building future industries and jobs as our community moves beyond the impacts of COVID-19,” Mrs Tuckerman said.
“The NSW Government invests close to $400 million in R&D each year and this strategy puts in place a plan to better target funds to fast-track new technology and commercialisation for our people, the economy and our environment.”
Minister for Science, Innovation and Technology Alister Henskens said the 20-Year R&D Roadmap sets out a blueprint that will help inform the NSW Government of strategically important investments for our future economic and social wellbeing.
“The 20-Year Roadmap was delivered in consultation with industry and research leaders, who have first-hand experience working with innovative technologies, creating new start-ups and attracting investment,” Mr Henskens said.
“The results of the recent Innovation and Productivity Scorecard prove that NSW’s innovation ecosystem is world-class, but we want to continue to improve, which is why this Roadmap will build on our strengths and help lift our game in other areas.”
NSW Chief Scientist and Engineer Professor Hugh Durrant-Whyte said the Roadmap stems from deep analysis of NSW’s competitive advantages based on credible data and wide stakeholder consultation.
“The Roadmap identifies four technology themes – digital, materials and chemistry, biotechnology, and energy – and 39 applications, which will help government and industry focus R&D investment over the next 20 years.”
The Roadmap was a recommendation of the NSW Government’s Accelerating R&D in NSW Action Plan, which aims to make NSW an R&D leader in Australia and the world.