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The CRCAH has
applied for a five-year extension under the Australian
Government’s Cooperative Research Centres Program. To help
complete the application, the CRCAH commissioned Access Economics
to carry out an economic evaluation of our proposed research
program. This evaluation predicted that the CRCAH’s research
program would produce a net benefit of $455 million within the next
15 years, and return more than $6 for every $1 invested. CRCAH Research and Development Manager
Jenny Brands worked closely with the Access Economics team and here
she explains what Access Economics found.
Access
Economics highly values CRCAH research
This year’s
Cooperative Research Centres Program funding round is the first
since the review of the program under the Rudd Government. As well
as reinstating the “public
good” component of the Program, under which the CRCAH was
originally funded, the Program’s revised requirements also
require much greater focus on the potential impact of the proposed
research agenda, and on how that impact will be brought to
fruition.
This emphasis forces
CRCs to consider in very detailed terms what they are trying to
achieve as a result of their research, including placing a dollar
value on potential research outcomes.
We commissioned Access
Economics to carry out a prospective economic evaluation of our
proposed program. Their evaluation looked at what results could
reasonably be expected if the tools and resources produced by each
of the CRCAH’s proposed programs were put into use. A
slightly different approach was used for each of the three
programs.
(loaded 25.06.09)
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