Bringing together Australia’s leading thinkers in applied science, technology, and engineering, ATSE provides impartial, practical, and evidence-based advice on how to achieve sustainable solutions and advance prosperity. ATSE welcomes the opportunity to provide a submission to the 2023-24 Federal Budget.
Innovation is the fundamental source of economic and social progress and is an essential part of maintaining a strong and prosperous nation. Australia’s STEM (science, technology, engineering, and mathematics) sector provides an essential basis for our nation’s innovation. Supporting the STEM sector can help us tackle emerging health crises, engineer the food of the future, turn Australian resources into the energy of tomorrow and build a strong and stable economy. To be at the forefront of international innovation, Australia needs to build itself on a foundation of world-class science and technology.
In this submission, ATSE provides a series of recommendations that will help build Australia’s ability to respond to the challenges and harness the opportunities our nation faces. Throughout, ATSE highlights opportunities to address the critical needs of the STEM sector right now, the needs of the sector for building a strong STEM ecosystem into the future, and how STEM can be deployed to help tackle the biggest challenge facing Australia, climate change.
Some of these recommendations require urgent action and should be implemented by the Australian Government immediately. To support Treasury’s assessment of the urgency of these recommendations, ATSE has grouped recommendations into three categories, “High Priority”, “Priority” and “Supporting”. This is underpinned by a critical recommendation that is, in ATSE’s view, the single most important recommendation the Australian Government could adopt to improve the state of science and technology in this country.