ABOUT THE CRC PROGRAM
The CRC Program is funded by the Commonwealth Goverment providing up to matched cash funding and is the largest annual funding scheme for research. The scheme is now in its third decade.
PURPOSE OF THE CRC PROGRAM
❱ to be a medium to long-term industry-led collaborative research program
❱ aim to solve industry identified problems and improve the competitiveness, productivity and sustainability of Australian industries
❱ include an industry-focused education and training program, including a PhD program that builds capability and capacity
❱ increase research and development (R&D) capacity in small to medium
❱ enterprises (SMEs) encourage industry adoption of research
OVERVIEW OF THE CRC PROGRAM
❱ A CRC is a consortium of industry and university research partners; and
❱ must be established as a separate not-for-profit entity, limited by guarantee
❱ with a majority independent Board.
❱ There is not a ‘one size fits all’ for the governance and structure of CRCs – there are many different ways current and past CRCs manage these matters; the XR CRC's Term Sheet provides the principles we will apply.
❱ CRCs can be awarded up to a maximum of 10 years, the XR CRC has determined it will apply for a 7 year term.
❱ Once awarded, there is no extension permitted nor can you request further funding from the Commonwealth.
❱ A CRC can be in any area; examples of current CRCs can be found at https://crca.asn.au/members/
❱ There is no limit to the total cash amount a CRC bid team can ask from the Commonwealth, but it is capped at up to matched contributions
❱ Cash from industry partners is the key determinant for being awarded
❱ Once awarded, there is a rigorous reporting milestone framework to ensure objectives are being met.