The NSW Government is set to allocate $10 million funding over the next four years to the expansion of trials of autonomous vehicles.
The government has announced $15 million in funding for the establishing of the Australian Space Agency and the appointment of former CSIRO head Dr Megan Clark as its chief.
Australia’s small businesses may see some relief this financial year with Treasurer Scott Morrison announcing the extension of the $20,000 instant asset write-off in the 2018-19 Federal Budget.
The review will help develop new metrics to accurately measure innovation to “guide evidence-based policy and better target investment in innovation”.
After announcing plans for the launch of an Australian space agency last September, the Australian Government is set to announce $50 million in funding to establish the organisation in Tuesday’s Budget.
The WA Government will be offering $16.7 million in grants towards startups, while $19 million will go towards STEM skills, according to the State Budget.
The South Australian government has allocated $60 million over four years to its Investment Attraction Agency (IASA) in its 2017-18 Budget.
Thanks in part to the government’s sale of public assets, NSW Treasurer Dominic Perrottet has delivered a surplus of $4.5 billion in his first state Budget, along with a strong focus on regional investment.
The New Zealand Government announced an increase of NZ$373 million in funding for science and innovation in its 2017 Budget yesterday.
I am wary of the obsession in the startup ecosystem of needing to use certain buzzwords in order to feel validated by Australian society and our Government.
Though innovation may not have been a big part of Morrison’s speech, there are hints buried in the budget papers that maybe something is in the pipeline.
Sydney startup Carrott has developed an active cash management app which focuses on educating users about how to make the most of their bank account funds.
The Queensland Government has announced it is ramping up funding for its Advance Queensland innovation and jobs plan from $180 million to $405 million in today’s budget, “accelerating” the initiative and turning it into a “whole-of-government innovation agenda.”
The Western Australian government has set aside $20 million for an innovation package in its state budget, delivered by Treasurer Mike Nahan yesterday.
Today the Senate has passed a new tax incentives for early stage investors and a scheme to improve access to capital for VCs. These two initiatives are designed to make investment for Australian startups more attractive and were measures first announced in December last year as part of the Government’s National Innovation and Science Agenda (NISA).