ACOLA, commissioned by Victoria’s Lead Scientist, Dr Amanda Caples, produced this report, outlining the value of investing in science and research in Victoria, that has brought national relevance. It highlights the broad value of research across the economy including the role current and any future investment can have in Australia’s recovery from COVID-19.

Victoria’s ecosystem comprises a range of actors, with universities playing a crucial part. They provide other organisations, including businesses and governments, with talent, knowledge, tools, technology and global relationships, supporting jobs and growth in Victoria and Australia.

The report takes a broader view, noting how over time the leveraging of many programs and activities at State and Commonwealth levels has resulted in the outcomes attained. Additionally, the report identifies high-level improvements for investment program design.

This report provides the evidence base to support further investment in science and research infrastructure, skills, talent attraction and the use of contestable funding to catalyse industry-led innovation as part of stimulus measures for future jobs and economic prosperity.