OverviewThe primary goal of the Industry Fellowship Program is to create a pathway to support academic researchers in establishing careers in industry, and industry-based researchers to work in university settings, with the aim of increased two-way mobility and skill-building in research collaboration, translation and commercialisation. The Schemes will also drive research collaboration, translation and commercialisation outcomes across a range of industry settings.The objectives of the Industry Laureate Fellowships scheme are to:provide leadership in the development of high quality and impactful collaborations between university and industry personnel;fund significant programs of research that deliver step-changes across a variety of industry settings;provide an excellent research training environment and exemplary mentorship to nurture the development of collaboration, commercialisation and translation skills among early career researchers and Higher Degree by Research (HDR) students; andattract and retain, within Australia, outstanding researchers and research leaders of international reputation with demonstrated capacity of collaboration, commercialisations and/or translation. Selection processApplications for funding commencing in 2024 opened on 22 August 2023 and closed on 17 October 2023. Applications were submitted through the Australian Research Council (ARC) Research Management System (RMS). This report outlines recommendations from the ARC Chief Executive Officer (CEO) to the Minister.These recommendations are based on advice from the ARC Selection Advisory Committee (SAC) which: assessed applications and reviewed assessments made by independent assessorsranked each application relative to the others on the basis of the application, and the independent assessors’ reportsassessed and recommended budgets; and, advice from the ARC’s National Competitive Grants Program (NCGP) Eligibility Committee which:considered eligibility issues identified by ARC staff, the members of the ARC SAC or independent assessorswhere required, sought advice from the ARC’s Medical Research Advisory Groupmade recommendations to the CEO in respect of ineligible applications.This report reflects the funding recommendations to the Minister. Unless otherwise specified, data represented in this report exclude withdrawn applications. Assessment criteriaAll applications that meet the eligibility criteria for the Industry Laureate Fellowships 2024 were assessed and merit ranked using the following assessment criteria:Impact (25%)The significance of the industry challenge or opportunity being addressed in the research project;The case for industry transformation upon successful completion of the Fellowship;The potential for short-, medium- or long-term research impact, translation and/or commercialisation beyond the Fellowship completion; andThe appropriateness and effectiveness of the pathways to impact, and related activities to support research translation and/or commercialisation, including IP arrangements.Commitment and Alignment (25%)The mutual benefit to the Fellow, the Fellow’s team, and Key Industry Partner including potential to lead to longer-term collaboration;Strength of engagement between the Fellow, other project research participants and Key Industry Partner, including previous projects, and interactions to date on the proposed project; andThe extent to which all parties demonstrate a commitment to the success of the project and to establishing a collaborative relationship, including the industry partners’ financial and/or in-kind contributions.Candidate Capability (30%)The extent to which the candidate’s skills and experience, relative to opportunity, ensure they will drive the achievement of the goals of the programs of research;The candidate’s capacity to lead a high-quality program of ground-breaking, internationally competitive research undertaken by a research team in collaboration with industry and/or other research end-user groups;The candidate's potential to create an enduring legacy through acting as a senior academic-end user ambassador; andThe candidate’s ability to build world class research translation/commercialisation capabilities and end-user connections within diverse teams.Research Quality and Innovation (20%)The clarity of the aim and conceptual framework and the appropriateness of the research method(s) to the industry challenge or opportunity;Clear innovation by the Key Partner including in the design, method and delivery of the research;The novelty of the proposed program of research and its potential to transform current bodies of knowledge and practices; andThe feasibility of the proposed research in terms of the design of the program of research, participants, requested duration, required resources/facilities, risk management and appropriateness of the budget.If the project involves Aboriginal and/or Torres Strait Islander research, additional criteria include:The project’s level of collaboration, engagement, relationship building and benefit sharing with Aboriginal and Torres Strait Islander Peoples, and First Nations Organisations and Communities;The project’s strategy and mechanisms for Indigenous research capacity building within the project;The project’s adherence to the Australian Indigenous Data Sovereignty Principles; andThe project’s understanding of, and proposed strategies to adhere to, the AIATSIS Code of Ethics for Aboriginal and Torres Strait Islander Research and NHMRC’s guidelines on Ethical conduct in research with Aboriginal and Torres Strait Islander Peoples and communities. Assessment processThe ARC assessment process for Industry Laureate Fellowships 2024 involved 15 Selection Advisory Committee members comprising of members from the ARC College of Experts and experts from Industry on one multi-discipline panel. The process was managed in RMS. In addition, independent assessors submitted a total of 227 reports to the ARC to support the assessment process. Funding levels and durationIndustry Laureate Fellowships projects are funded for 4 to 5 years on a full-time basis, subject to sufficient scheme funding, the provisions of the Australian Research Council Act 2001 (the ARC Act) and continued satisfactory progress of the Industry Laureate Fellowships project.It is a requirement of the Grant Guidelines for the Industry Fellowship Program (Variation No. 1, 2022 edition) for the Administering Organisation to provide a Level E professorial appointment (or equivalent) and salary for the duration of the Australian Laureate Fellowship. The salary provided by the ARC of $179,840 (2023$) per annum including 30 per cent on-costs contributes to that salary.In addition to the Industry Laureate Fellowship salary and salary-related (on-cost) support, the ARC will provide Industry Laureate Fellows with:additional funding for 2 postdoctoral research associates for 4 to 5 years each and for 2 postgraduate researchers for 4 years each; andproject funding not exceeding $1.5 million over the duration of the grantUp to $20,000 per year (additional to project funding) to support ambassadorial work promoting industry-university collaboration. Summary of outcomesThe ARC received a total of 55 applications for Industry Laureate Fellowships for funding commencing in 2024 out of which 2 were withdrawn.Eight Industry Laureate Fellows are approved for funding commencing in 2024, shown in Table 1. The overall success rate for Industry Laureate Fellowships for funding commencing in 2024 is 15.1%. The total indicative funding approved is $27,439,189 over 5 financial years (Tables 2 and 3). A break-down of success rates and funding amounts is shown in Table 2.Of the unsuccessful applications in 2023, none were found not to meet eligibility requirements.Table 1. Industry Laureate Fellows approved for funding commencing in 2024.Fellowship candidateAdministering OrganisationProfessor Lianzhou WangThe University of QueenslandScientia Professor John GoodingThe University of New South WalesProfessor Guoxiu WangUniversity of Technology SydneyProfessor Bruno DavidMonash UniversityProfessor David A KeithThe University of New South WalesProfessor Benjamin BoydMonash UniversityProfessor Mark HalseyFlinders UniversityProfessor Robyn SloggettThe University of Melbourne* Biographies for the 8 Industry Laureate Fellows will be available on the ARC Website.Table 2. Application numbers, success rates, requested and allocated funds for approved Industry Laureate Fellowships from 2023 to 2024 applications.Funding yearApplications consideredApplications approvedSuccess rate (%)Requested funds over project life for all applications considered ($)Requested funds over project life for approved applications ($)Funds allocated over project life for approved applications ($)Return rate for approved applications (%)202311686.9$398,946,948$27,709,549$27,709,549100202453815.1$185,695,768$28,226,930$27,439,18997.2Table 3. Indicative funds for approved Industry Laureate Fellowships 2024 applicationsBudget Item2024–20252025–20262026–20272027-20282028-2029TOTALIndustry Laureate Salary including on-costs$1,438,720 $1,438,720 $1,438,720 $1,438,720 $1,258,880 $7,013,760 Industry Laureate Postdoctoral Research Associate$1,766,688 $1,766,688 $1,766,688 $1,766,688 $1,325,016 $8,391,768 Industry Laureate Postgraduate Researcher$298,800 $478,080 $478,080 $478,080 $179,280 $1,912,320 Project Funding$2,413,449$1,959,419$1,920,866$1,962,223$1,865,384$10,121,341TOTAL$5,917,657$5,642,907$5,604,354$5,645,711$4,628,560$27,439,189 Outcomes by disciplineA summary of outcomes by discipline panel is shown in Table 4.Table 4. Application numbers, success rates and requested and allocated funds for approved Industry Laureate Fellowships 2024 by discipline.Discipline *Applications consideredApplications approvedSuccess rate (%)Requested funds over project life for all applications considered ($)Requested funds over project life for approved applications ($)Funds over project life for approved applications ($)ReturnRate for approved applications (%)BSB1218.3$41,130,484$2,605,358$2,550,00097.9EIC2129.5$75,541,270$7,244,300$7,244,300100.0HCA6233.3$21,437,264$7,682,304$7,312,70295.2MPCE5240.0$16,285,354$6,888,126$6,829,89299.2SBE9111.1$31,301,396$3,806,842$3,502,29592.0Total53815.1$185,695,768$28,226,930$27,439,18997.2*BSB = Biological Sciences and Biotechnology; EIC = Engineering, Information and Computing Sciences; HCA = Humanities and Creative Arts; MPCE = Mathematics, Physics, Chemistry and Earth Sciences; SBE = Social, Behavioural and Economics Sciences Leverage of ARC FundingIn addition to the $27,439,189 of ARC indicative funding approved, the 8 projects will also receive cash and in-kind contributions from their administering organisations and their industry partners. These participating organisations will contribute a total of $30,314,181. Outcomes by Administering OrganisationThe Administering Organisations of the 8 applications approved for funding are:The University of QueenslandThe University of New South WalesUniversity of Technology SydneyMonash UniversityFlinders UniversityThe University of Melbourne Industry PartnersAustralian companies, Not for Profit organisations and Australian federal and state government entities will participate in the approved projects as Key Industry and Other Industry Partners. In total, there are 21 unique Key Industry Partners or Other Industry Partners involved with the 8 projects approved for funding, giving an average of 2.63 Industry partners involved in each project and they have pledged a total (cash and in-kind) of $15,636,185. This represents 57 cents from Industry Partners for every dollar funded by the ARC.Table 5. Partner Organisation contributions by sector for approved Industry Laureate Fellowships 2024 applicationsType CashIn-KindTotal $%$%$%GovernmentInternational ------Australian Federal $300,0004.7$213,1002.3513,1003.3Australian state, territory and local $450,000 7.0$2,388,67425.8$2,838,67418.2 Sub-total$750,00011.7$2,601,77428.1$3,351,77421.4Industry BodyAustralian $5,259,85182.4$4,971,96653.7$10,231,81765.4International ------ Sub-total$5,259,85182.4$4,971,96653.7$10,231,81765.4Non-profitAustralian $284,6444.5$1,612,95017.4$1,897,59412.1International ------ Sub-total$284,6444.5$1,612,95017.4$1,897,59412.1OtherOther $90,0001.4$65,0000.7$155,0001.0 Sub-total$90,0001.4$65,0000.7$155,0001.0 Total$6,384,495100.0$9,251,690100.0$15,636,185100.0Note: All percentages are shown using rounded figures, and as such may not sum to 100%.These partnerships form congruent and/or complementary linkages in Fields of Research (FoR). A summary of the FoR categories identified by applicants of approved applications and the total Industry Partners contributions are shown below in Table 6.Table 6. Application data by Field of Research category for Industry Laureate Fellowships 2024Field of Research categoryNumber of applications approved*Key and Other Industry Partner contributions (cash & in-kind) over project life (approved applications)Agricultural, Veterinary and Food Sciences0-Biological Sciences0-Biomedical and Clinical Sciences0-Chemical Sciences2$3,841,451Commerce, Management, Tourism and Services0-Creative Arts and Writing0-Earth Sciences0-Economics0-Education0-Engineering2$5,850,000Environmental Sciences1$2,818,674Health Sciences0-History, Heritage and Archaeology0-Human Society1$655,000Indigenous Studies2$2,471,060Information and Computing Sciences0-Language, Communication and Culture0-Law and Legal Studies0-Mathematical Sciences0-Philosophy and Religious Studies0-Physical Sciences0-Psychology0-TOTAL8$15,636,185* Based on the primary FoR Australia and New Zealand Standard Industrial Classification (ANZSIC)A summary of the ANZSIC categories that best represent the proposed research of the approved applications are shown below in Table 7.Table 7. Application data by Australia and New Zealand Standard Industrial Classification (ANZSIC) category for Industry Laureate Fellowships 2024ANZSIC category Number of applications approved113 – Dairy Product Manufacturing1243 – Electrical Equipment Manufacturing2691 – Scientific Research Services3771 – Public Order and Safety Services1891 – Museum Operation1 Career age and genderOf the 53 Industry Laureate Fellowship candidates in this round, 10 were female, 42 were male and 1 chose not to specify gender. The success rate for female, male and unspecified candidates in this round is 10 per cent, 14.3 per cent and 100 per cent respectively.Success rates of Industry Laureate Fellowship candidates by career age and gender in the current Industry Laureate Fellowship round are presented in Figure 1. Candidates who did not provide gender information (1.8 per cent) and candidates who did not specify the date of completion of their PhD or who do not hold a PhD (0 per cent) are not represented in the figure below. Figure 1. Participation and success rate of candidates in Industry Laureate Fellowships 2024 by gender and career age*^ * Career age is calculated as years since PhD. The earliest PhD award date was used where there was more than 1 PhD.^ Calculated career age does not take career interruptions into consideration. Attracting and retaining outstanding researchersApplications were open to Eligible Organisations to nominate candidates who are world-class researchers of international repute, resident either within Australia or overseas (Table 8).Table 8. Citizenship/residency status of Industry Laureate Fellowships 2023 candidates and approved AwardeesCitizenship/residency statusApplications considered% Of Applications consideredApplications approvedSuccess rate (%)Foreign Nationals0000Resident Australians5196.2713.2Returning Australians23.811.9Total53100815.1Note: All totals and percentages are shown using rounded figures, and as such may not sum. Research StudentsIn the 8 applications approved for funding, a total of 89 research students will be filled as a result of the funded projects, with a total of 34 PhD student places, 7 Masters student places and 48 Honours student places. International collaborationAmong 53 of the applications considered; applicants foreshadowed 102 instances of collaboration with researchers in 35 overseas locations. Of the applications approved for funding, 5 applicants foreshadowed 15 instances of collaboration with researchers in 12 overseas locations (Figure 2).Figure 2. International collaborations by location in approved Industry Laureate Fellowships 2024 applications