UKSPA Breakthrough Issue 3 SPA03.ebook_hr | Page 36

I n n o v at i o n In April 2016, Australian Prime Minister Malcolm Turnbull and China’s Premier Li Keqiang signed agreements to establish a new Torch science park and associated government-backed international research initiatives in Australia, during a ceremony in Beijing’s Great Hall of the People. The science park will be established on the University of New South Wales (UNSW) campus in Sydney. There are several reasons why UNSW is likely to have been selected to host the first Torch Programme site outside China. UNSW has very strong alumni ties to China, having hosted students from China since the early 1950s. In terms of location, too, UNSW is a sound choice, sitting as it does on nearly 100 acres of prime Sydney real estate just over four miles from Sydney’s central business district. UNSW is known colloquially as a Sandstone Uni, part of the country’s Group of Eight leading research- intensive public universities. It regularly hits top 50 in the 2017 QS World University Rankings. I nt e rnati o na l E x chan g e Because UNSW has international exchange and research partnerships with more than 200 universities around the world and is part of Universitas 21, a global network of research universities, this Torch site also looks set to help Chinese business to tap into a wider global community. “Securing the Torch Project is an incredible recognition of how well UNSW is respected within China, based on our long-standing history,” says Prof Mark Hoffman, Dean of Engineering at UNSW. “It recognises that Australian technologies can play a significant role in industrial global development, and clearly China sees an opportunity that isn’t currently being exploited.” Hoffman says the Torch concept has been very successful in producing the kinds of close relationships between industry and universities that lead to commercialisation, which Australia hasn’t traditionally done well because it lacks the range of large companies and has less industrial diversity, he says. The UNSW Torch project began its design phase in August 2016, and by 2020 a six acre precinct will be underway, with a focus on cutting-edge innovation and R&D in energy and environment, 3 6 | U K S PA b r e a k t h r o u g h | W INTER 2 0 17 The University of New South Wales is an Australian public research university in Sydney A t o r c h p r ec i n ct i n A u s t r a l i a w i l l m ea n s i g n i f i ca n t f u n d s coming into the country t o f u n d l o ca l r e s ea r c h advanced materials, and biotechnology. It’s no surprise that senior university executives are joined by Australian Government bureaucrats keen to secure the deal. Deloitte Access Economics estimates that Torch companies could be set to return some A$1.1 billion to the Australian economy. Hoffman says a Torch Precinct in Australia will mean significant financial benefits coming into the country to fund further local research. “This is work that simply wouldn’t be funded otherwise,” he says, adding that, in a global environment, we need research that benefits society and the world. He dismisses concerns about potential missed opportunities for manufacturing in Australia as unrealistic. “If manufacturers in Australia wanted to do this, they would be doing it,” he says. “Under Torch, Australia will certainly get returns for that research.” In 2014, as Pro Vice-Chancellor Research, Hoffman led the first UNSW roadshow to visit Torch Parks and various companies in China. He’s also cultivated existing alumni relationships in China. T hri v in g P r e cinct Torch Project Manager Dr Yuan Wang, a senior chemical engineer, has a crucial role in developing the new precinct. “We’re all very excited about this. One of our first aims is to secure more than A$100 million in research funding from Chinese industry partners,” she says. Phase One allows five years to secure that funding. During this period, UNSW will work with architects and urban planners as well as investors to develop designs for a thriving precinct concept. UNSW has released about 1,000m² of prime laboratory and office space on its Kensington campus in Sydney for the Torch Programme.