|Publication Type||Government Report|
|Year of Publication||2007|
|Keywords||coordinator, External, innovator, investments, research procurement, research programs, strategic navigator|
Applied research investment and management in Australia is big businessI involving many hundreds of organisationsI thousands of people and billions of dollars annually. This guide attempts to document some lessons learned about investing in and managing R&D. Applied research is about much more than generating new knowledge. It is also about enabling changeI solving problemsI developing new opportunities and supporting innovation. By definition, applied research is funded to achieve a specific purpose. The return on any investment in applied research is measured by the impact resulting from the adoption of the outputs of that research. One of the main rationales for investing in knowledge is to learn as we goI so that the knowledge base for human progress is built systematically and we learn from both ‘failure’ and success. Detailed guidelines on evaluation are presented, reinforced by comprehensive appendices.
|Government Body|| |