What is the Researcher Exchange and Development within Industry initiative?

The Researcher Exchange and Development within Industry (REDI) initiative will provide researchers with industry placements, mentoring and exchange programs.

The Australian Government will fund a service provider to run this program.

Why is the Researcher Exchange and Development within Industry initiative important?

This initiative aims to develop partnerships between the research world and industry. This will help researchers develop ideas into real products that can benefit Australia. It also broadens working experience for researchers, which could stop them wanting to leave for another career.

What are the goals of the Researcher Exchange and Development within Industry initiative?

This initiative will strengthen Australia’s ability to turn research ideas into realities by:

  • providing researchers with a wide range of experiences and exposure to the business world
  • improving the career progression of early- to mid-career researchers
  • help researchers understand how to commercialise their research

How will these goals be met?

The Australian Government will appoint an organisation to run this program. The Government has announced a total of $32 million over 4 years from 2019–20 to 2022–23:

  • $8 million in 2019–20

  • $10 million in 2020–21
  • $10 million in 2021–22
  • $4 million in 2022–23

Who is involved in the Researcher Exchange and Development within Industry initiative?

The Government has not yet appointed the service provider who will manage the exchanges.

The Medical Research Future Fund (MRFF) funds this initiative.

The Department of Industry, Innovation and Science administers this initiative on behalf of the Department of Health.

Status

Applications for the service provider role closes on 5.00pm AEST, 19 September 2019. The selected provider will then set up the program.

Contact

For more information, contact us. 

Medical Research Future Fund (MRFF) program contact

Contact for more information about the Medical Research Future Fund (MRFF) and Australian Medical Research Advisory Board (AMRAB)

Health and Medical Research Office
HMRO [at] health.gov.au

View contact

Last updated: 
29 July 2019