Cooperative Research Centres Program: Impact Evaluation

The evaluation team found that:

• the CRC Program is working well and meeting its objectives
• CRCs will generate an estimated $32.5 billion of economic impacts over the life of the program
• Australia’s GDP is estimated to increase by $5.61 for every dollar of government funding for CRCs since 2005
• completed CRC Projects are estimated to return $7.73 in economic benefit for every dollar of government funding since 2016.

Stakeholders and partners consider that the program:

• helps industries be more competitive, sustainable and productive
• increases the quality and strength of collaboration between industry and research organisations
• improves commercialisation and enhances the capability of the research workforce.