Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

This government does not support our best and brightest researchers out of charity. We support them because they are vital to the prosperity of the nation. They have the knowledge and the skills to make our industries more sustainable, more competitive and more productive. That is why we are breaking down the barriers between our research sectors and business. Our new industrial PhD scheme will put 200 talented researchers right on the factory and office floor. They will directly help businesses to boost their performance and their profits. Our new R&D tax credit will make sure that the benefits of our taxation incentive schemes are fairly distributed. We want to reduce the impediments for small and medium size business to actually employ people with research training. This is a country that desperately needs to change our approach to PhD training and the employment of more PhD graduates not just at university but throughout the economy. (Time expired)