Knowledge Commercialisation Australasia (KCA) has released its third edition of the Survey of Commercialisation Outcomes from Public Research (SCOPR), detailing commercialisation results for the sector for 2021 and the previous four years.
The Survey included results from 43 universities and public research institutions, making it a comprehensive review of commercialisation results for the industry.
The sector contributed 69 new spinouts during 2021 and managed over 310 active spinouts launched in previous years by those institutions.
This shows a great level of innovation and financial contributions to their respective organisations with:
- Total spinout value created exceeding $726m;
- Additional commercialisation revenue reaching $251m for the year; and
- New research income with for-profit industry partners exceeding $800m.
The positive results clearly demonstrate the Australian public sector is having a significant impact with effects felt by their stakeholders and the Australian economy more broadly.
Incredibly, this was achieved with a tight commercialisation workforce of approximately 237 full-time staff responsible for more than 38,700 researchers – that equates to 1 commercialisation staff member to every 163 researchers!
KCA Chair of the SCOPR study, John Grace, acknowledged the difficulty of tracking commercialisation results across such a wide cohort of participants.
“The path from idea to reality is full of unexpected obstacles and is often difficult to measure,” Mr Grace said.
“This data is positive proof Australasian public research organisations are contributing significantly to the new industries of Australia and New Zealand and are producing products and services of international significance.”
gemaker has worked with KCA over the past three years to collate the commercialisation data for each respondent.
This makes us uniquely placed to develop trend analysis and reports on how each institution is tracking, compared to similar-sized organisations (and the industry generally), locally and internationally.
For further discussions on commercialisation outcomes analysis, contact gemaker Managing Director, Natalie Chapman, at firstname.lastname@example.org.