The new Advanced Manufacturing Growth Centre will attempt to address the gap between research and commercial outcomes, and to encourage more research to be directed towards industry competitiveness.
In an interview with The Australian Financial Review, its chairman, Andrews Stevens, said there needed to be an increase in research dedicated to improving competitiveness.
"It is not saying intellectual curiosity is not valued. It is," Stevens told The AFR.
"[But] my personal view is that there is a need to balance some of that research with that competitive market orientation."
Part of this approach will see the new Innovative Manufacturing CRC needing to sign a memorandum of understanding with the AMGC before $40 million of funding is released, and to explain the competitiveness outcomes of any planned research projects.
Earlier this month the federal government announced that the AMGC, part of last October’s competitiveness agenda, would be based at Deakin University’s Waurn Ponds campus.
Funding for the IMCRC was announced in late-May and its research will include "additive manufacturing, lightweight robotics and medical devices".