MTPConnect’s Researcher Exchange and Development in Industry (REDI) is a four-year, $32 million initiative funded by the Medical Research Future Fund (MRFF) that aims to deliver system-wide improvements to skills development and training programs for the MTP workforce.
In delivering the REDI program, MTPConnect is partnering with research, training and industry organisations to deploy an integrated three-pillar plan driving skills development and workforce training for the MTP sector nationally.
MTPConnect is conducting a comprehensive ‘root-and-branch’ review of current and future skills gaps, conducted in three phases, to form the foundation for a contestable funding program of new initiatives to fill emerging skills gaps not currently addressed in the sector.
The first interim report identified priority skills gaps that needed addressing across the sector in the near-term to unlock significant value for the MTP sector within the next 12 – 18 months.
The second more comprehensive 'root and branch' review Driving skills development and workforce training for the future MTP workforce, is now available and identifies 20 skills gaps that require priority action in the sector to power the next wave of innovation and growth.
These two reports together provide a skills development blueprint to ensure Australia’s MTP workforce is fit for purpose and appropriately positioned to capitalise on current and future global opportunities.
Later in 2021, a third review of the impact of REDI programs on skills gaps will be undertaken to direct the final investment of REDI funding.