Industry, science and resources portfolio

Output 2.2 Science and Innovation Policy Development and Implementation

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  Development of science and innovation policy initiatives which promote investment in science and innovation and which address market failures;
  
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  Formulation and implementation of science and innovation policy (including program design)
  

which promotes: y commercialisation of research and development; y investment in innovation and new technologies; y linkages between science and industry; y a vigorous public sector research effort; and

• Evaluation and review of science and innovation programs.

Priorities

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  Development of innovation performance measures.
  
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  Review of Australia’s Science and Technology Agreements.
  
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  Lucas Heights Research Reactor - monitoring construction of new reactor and treatment of spent fuel.
  
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  Venture Capital market development.
  
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  Implementation of the Innovation Access Program.