“Universities have always been nurseries of big and bright ideas that make our nation better and our economy stronger,” Universities Australia acting Chief Executive Peter Chesworth said.

“Unfortunately, financial barriers sometimes hinder the progress of these innovations and their transformative flow-on effects, including the creation of new jobs and economic opportunities.

“Universities support the Albanese Government’s commitment to breaking down these barriers and supporting the commercialisation of new ideas and solutions to the challenges and opportunities facing our nation.”

ENDS