Significant benefits flow from Research and Development Corporations
Land & Water Australia. 2009. Significant benefits flow from Research and Development Corporations. [Online] (Updated April 3rd, 2009)
Available at: http://lwa.gov.au/node/3053 [Accessed Tuesday 26th of April 2011 04:55:44 AM ].
Australia’s productivity growth, which is driven by innovation from investment in research, development and extension, puts the nation in a pre-eminent position to meet the growing global demand for primary industry products.
h and Development Corporations’ investment
In part, this growth is generated by the Rural Research and Development Corporations (RDCs). There are 15 RDCs, which form a partnership between industry and government. Their role is to prioritise, coordinate and integrate the demands of industry and government with the capabilities of research providers.
A new report from the Council of Rural Research and Development Corporations shows how the RDCs have contributed to industry and community through:
- $10.5 billion generated by 36 highly successful projects
- $5.5 billion in industry benefits, and $5 billion in other benefits
- A return of $11 for each dollar invested in the RDC portfolio
- Significant social and environmental benefits for all of Australia
To find out more, download the report from the Rural R&D Corporations website: Measuring economic, environmental and social returns from Rural Researc
Citation
Land & Water Australia. 2009. Significant benefits flow from Research and Development Corporations. [Online] (Updated April 3rd, 2009)
Available at: http://lwa.gov.au/node/3053 [Accessed Tuesday 26th of April 2011 04:55:44 AM ].