Some of Australia's top business leaders joined executives from The Australian National University (ANU) on Friday as part of a major plan to bolster collaboration and research between the University and Australian industry.
The inaugural meeting of the ANU Business and Industry Advisory Board was led by ANU Vice-Chancellor Professor Brian Schmidt AC and Advisory Board Chair Brian Hartzer, Chief Executive Officer of Westpac, alongside leaders from key industries such as biotech, aerospace and engineering.
The ANU Business and Industry Advisory Board is a key initiative of Professor Schmidt, designed to build bridges between business, academics and researchers and foster greater collaboration and investment in shared ideas and knowledge.
"A contemporary national university should lead the charge in how universities and industry work together," Professor Schmidt said.
"ANU is determined to improve Australia's innovation economy, and I am grateful to the outstanding leaders from across business and industry who have joined our Advisory Board.
"They are helping us redefine University-industry engagement at this critical time in Australia's economic transition."
Other members of the ANU Advisory Board are Maureen Dougherty (President of Boeing Australia, New Zealand and the South Pacific), Michelle Burke (Director of AusBiotech), Dr Jennifer MacDiarmid (CEO of EnGeneIC), Catherine Ball (CEO Executive of Remote Research Ranges), Anthony Goldbloom (CEO of Kaggle), Deputy Vice-Chancellor (Research) Professor Margaret Harding, and Pro Vice-Chancellor (Innovation) Professor Mick Cardew-Hall.
Mr Hartzer said he was delighted to chair the ANU Advisory Board.
"To continue to thrive, Australia needs strong relationships between academia and business," he said.
"Westpac's core purpose is to support the economic growth of Australia, so I am delighted to work with the ANU as Chair of the Business and Industry Advisory Board, which will help build knowledge, collaboration and innovation where it matters most."
As Australia's national university, ANU is a strong advocate of driving research that translates into outcomes that contribute to society and the national economy.
Among the successful businesses to grow from ANU research are companies such as NuCoria and Beta Therapeutics, Lithicon and Liquid Instruments.
Professor Schmidt said ANU wanted to maximise the opportunities for great ideas and research at ANU.