Funding Research in Universities: The Watt Report 2015
Paul Jensen () and
Elizabeth Webster ()
Australian Economic Review, 2016, vol. 49, issue 2, 184-191
The Watt Review takes a first-principles approach to how the research and engagement inventive system should be designed for universities in a contemporary setting. Despite raising many important policy issues, the Review misses an opportunity to engage in a discussion about: changing the anachronistic teaching base-funding formula that also funds research; introducing research brokerage and triage services; and changing the engagement culture among academics. Opportunities, currently unquantifiable, are currently being lost through a mechanistic application of intellectual property policies to translation.
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