The Times Australia
Mirvac Harbourside
The Times World News

.

Amid a STEM crisis, here's what the 2023 budget promises for Australian science and innovation

  • Written by Kylie Walker, Visiting Fellow, Australian National University
Amid a STEM crisis, here's what the 2023 budget promises for Australian science and innovation

Australian innovation has the capacity to protect us – our environment, our digital world, our borders and our health. All of these are focuses of this year’s federal budget[1].

But the science, technology, engineering and mathematics (STEM) sector has been sounding the alarm for years that our research system is in crisis. Reviews in progress – including the Universities Accord[2], National Science and Research Priorities[3], and the Australian Research Council[4] – are an opportunity to examine and respond to systemic problems.

Read more: Teaching and research are the core functions of universities. But in Australia, we don't value teaching[5]

However, they don’t take a whole-of-sector view to designing a research and innovation system that is not only functional but harmonious, and which makes the best use of Australian talent.

While we wait for these reviews to be complete, here’s where the 2023-24 budget stands in terms of Australia’s science, technology and innovation sectors in my assessment as the CEO of the Australian Academy of Technological Sciences and Engineering (ATSE).

More STEM degrees

The Advanced Strategic Capabilities Accelerator[6] will see A$3.4 billion over a decade to translate disruptive new technologies – such as hypersonic research[7] and quantum decryption – into defence capability.

The nuclear submarine workforce will be bolstered by $128.5 million for 4,000 new places for tertiary STEM education[8]. This is necessary to meet our commitments under AUKUS. We’ll never say no to more STEM degrees in this engineer-poor, rapidly innovating world.

This budget also aims to make safer online spaces[9] with a welcome $7.9 million for combating misinformation and disinformation via the Australian Communications and Media Authority, and $101.6 million for cybersecurity.

Read more: Australia needs a robust cybersecurity overhaul – not whack-a-mole bans on apps like TikTok[10]

But here, too, is a miss in the education and career pathways to train, support, and continue to develop Australia’s digital workforce. We’re already behind our OECD counterparts[11] – Australia trains an insufficient number of engineers, with just 8.5% of Australian university graduates receiving engineering degrees compared with over 12% in Canada and over 23% in Germany. Our engineering and technology workforce is studded with gaps in areas such as civil engineering, telecommunications and mining, to name just a few.

The National Quantum Strategy[12], Australian Centre for Quantum Growth, and national artificial intelligence (AI) centre are a necessary trio to keep pace with this rapidly transforming field.

Read more: Australia has a National Quantum Strategy. What does that mean?[13]

Small business is supported to commercialise research through the $392 million Industry Growth Program[14], adding to the already-committed Australia’s Economic Accelerator program. This will continue to build a positive commercialisation environment and lead to more of Australia’s world class research becoming world class innovations.

En route to a net zero superpower

In a decarbonising global economy, Australia has the potential to be a clean energy superpower. We are home to leading minds in most of the key technologies that will drive the clean energy revolution – next-generation batteries, computing power, machine learning and clean hydrogen[15] to name a few. We have abundant critical minerals, sun and wind.

The new Net Zero Authority[16] is an important step towards the urgent need to decarbonise and transform our domestic and export energy markets. But to achieve this bold transformation, government investment in research and development must match innovation-leading nations like Japan, Germany and the United States.

Read more: Australia finally has a Net Zero Authority – here's what should top its agenda[17]

We need a coherent plan for clean energy research, development and deployment, with the backing to realise the vision. To keep the top tech and innovation minds here, we must invest around 3% of our gross domestic product (GDP) in research and development (R&D).

Direct government spend on R&D currently sits at 0.49% of GDP – its lowest level since 2014, leaving researchers competing for scraps. By contrast, visionary investment prioritises creating and applying new knowledge over the long term, and invests in building Australia’s new economy.

We need a structural review of R&D funding now to future-proof the system.

A photo of shining stainless steel tanks labelled with the word hydrogen
‘Clean’ hydrogen is among the renewables needed to transform Australia’s energy sector for a future with reduced carbon emissions. Shutterstock[18]

What’s missing from the budget for STEM

Research funding grants have flatlined: inflation means their real value is falling. As we await Universities Accord outcomes, the government has avoided supporting the full cost of teaching STEM degrees. Nothing has been announced to address urgent STEM professional shortages, and to support STEM workforce diversity.

Likewise, there’s silence on much-needed industry bodies – a National Engineering Council and the National Indigenous STEM Professional Network.

International STEM collaboration is more important than ever, but has taken a hit with a $25 million reduction to the Global Science and Technology Diplomacy Fund[19]. The fund was planned to support international collaboration in advanced manufacturing, AI and quantum computing, hydrogen production, and emerging applications of RNA vaccines and therapies to improve health outcomes.

In our region, and across the globe, collaborative and diplomatic relationships in STEM are essential.

We are yet to leverage Australia’s true capacity to grow a thriving R&D economy that supports our health, wealth, wellbeing and sustainability, and grows our stature as an innovative and future-focused, inclusive international leader.

Every budget has winners and losers. Next year, the reviews of our STEM sector will be complete, the government will have been in power for two years, and the window for game-changing investment will be shrinking.

My hope is that Australia’s long-term future as a safe and resilient nation will be the winner. We need a comprehensive and well funded plan to drive national progress and prosperity through research and development.

References

  1. ^ this year’s federal budget (theconversation.com)
  2. ^ Universities Accord (www.education.gov.au)
  3. ^ National Science and Research Priorities (consult.industry.gov.au)
  4. ^ Australian Research Council (www.education.gov.au)
  5. ^ Teaching and research are the core functions of universities. But in Australia, we don't value teaching (theconversation.com)
  6. ^ Advanced Strategic Capabilities Accelerator (www.defence.gov.au)
  7. ^ hypersonic research (theconversation.com)
  8. ^ $128.5 million for 4,000 new places for tertiary STEM education (ministers.education.gov.au)
  9. ^ make safer online spaces (minister.homeaffairs.gov.au)
  10. ^ Australia needs a robust cybersecurity overhaul – not whack-a-mole bans on apps like TikTok (theconversation.com)
  11. ^ We’re already behind our OECD counterparts (members.professionalsaustralia.org.au)
  12. ^ National Quantum Strategy (www.industry.gov.au)
  13. ^ Australia has a National Quantum Strategy. What does that mean? (theconversation.com)
  14. ^ Industry Growth Program (www.minister.industry.gov.au)
  15. ^ clean hydrogen (theconversation.com)
  16. ^ Net Zero Authority (www.pmc.gov.au)
  17. ^ Australia finally has a Net Zero Authority – here's what should top its agenda (theconversation.com)
  18. ^ Shutterstock (www.shutterstock.com)
  19. ^ Global Science and Technology Diplomacy Fund (www.atse.org.au)

Read more https://theconversation.com/amid-a-stem-crisis-heres-what-the-2023-budget-promises-for-australian-science-and-innovation-205204

Mirvac Harbourside

Times Magazine

YepAI Joins Victoria's AI Trade Mission to Singapore for Big Data & AI World Asia 2025

YepAI, a Melbourne-based leader in enterprise artificial intelligence solutions, announced today...

Building a Strong Online Presence with Katoomba Web Design

Katoomba web design is more than just creating a website that looks good—it’s about building an onli...

September Sunset Polo

International Polo Tour To Bridge Historic Sport, Life-Changing Philanthropy, and Breath-Taking Beau...

5 Ways Microsoft Fabric Simplifies Your Data Analytics Workflow

In today's data-driven world, businesses are constantly seeking ways to streamline their data anal...

7 Questions to Ask Before You Sign IT Support Companies in Sydney

Choosing an IT partner can feel like buying an insurance policy you hope you never need. The right c...

Choosing the Right Legal Aid Lawyer in Sutherland Shire: Key Considerations

Legal aid services play an essential role in ensuring access to justice for all. For people in t...

The Times Features

Understanding Centrelink Investment Property Valuation: A Guide for Australian Property Owners

Introduction Owning an investment property in Australia can bring financial stability — but it al...

The climate crisis is fuelling extreme fires across the planet

We’ve all seen the alarming images. Smoke belching from the thick forests[1] of the Amazon. Sp...

Applications open for Future Cotton Leaders Program 2026

Applications have opened for the 2026 intake for the Australia Future Cotton Leaders Program (AFCL...

Optimising is just perfectionism in disguise. Here’s why that’s a problem

If you regularly scroll health and wellness content online, you’ve no doubt heard of optimisin...

Macquarie Bank Democratises Agentic AI, Scaling Customer Innovation with Gemini Enterprise

Macquarie’s Banking and Financial Services group (Macquarie Bank), in collaboration with Google ...

Do kids really need vitamin supplements?

Walk down the health aisle of any supermarket and you’ll see shelves lined with brightly packa...

Why is it so shameful to have missing or damaged teeth?

When your teeth and gums are in good condition, you might not even notice their impact on your...

Australian travellers at risk of ATM fee rip-offs according to new data from Wise

Wise, the global technology company building the smartest way to spend and manage money internat...

Does ‘fasted’ cardio help you lose weight? Here’s the science

Every few years, the concept of fasted exercise training pops up all over social media. Faste...