If it isn’t broken don’t try and fix it: this is the most important but absent principle when it comes to Australian government innovation policy. With this principle in mind, it will be a tragedy for Australian startups if either the Accelerating Commercialisation (AC) or Business Research and Innovation Initiative (BRII) are damaged by the… Read more »
Labor’s first federal budget has been widely welcomed by the tech sector, despite one analyst telling Startup Daily it was “a non-event” for tech. We called it a “socks, jocks and chocolates” budget from Labor, just five months after taking power and seven months before Treasure Jim Chalmers returns with his plans for FY24. There… Read more »
Treasurer Jim Chalmers told reporters on Tuesday his first budget was “the beginning of something new and responsible”. The October 2022-23 budget under Labor is certainly a different beast from the one handed down by the Coalition just before the federal election. It is not just the numbers that have changed, the approach is different… Read more »
The NSW government is establishing a new $703 million investment fund to back fast-growing local companies in the medtech, digital tech and clean economy spaces. Treasurer Matt Kean announced the Future Economy Fund in Tuesday’s state budget as “a once-in-a-generation chance” aimed at the full life cycle of innovative, high-growth business in priority sectors and… Read more »
Every week on the Startup Daily TV show, we talk to more than two dozen founders, CEOs, investors and experts about what’s happening in tech. Now you can catch the best of the show with the weekly podcast, SUDS. Every Friday, co-hosts Simon Thomsen and Eliot Hastie, offer the weekly washup from Startup Daily TV. It’s… Read more »
It’s a paradox. The Morrison government, in deep trouble, has produced a budget that’s shamelessly designed to try to buy votes. But Labor, censorious in its rhetoric, has found itself having to embrace the budget’s central measures. Anthony Albanese neatly summed up the situation in his Thursday night budget reply. “This government might as well… Read more »
In the 2022 federal budget, Treasurer Josh Frydenberg launched a range of vote-winning initiatives – one of which included a breathtaking A$9.9 billion for cyber security over ten years. Bundled under the acronym REDSPICE (which stands for resilience, effects, defence, space, intelligence, cyber and enablers), the program is expected to help build Australia’s intelligence and… Read more »
I looked for the cybersecurity line items in the budget so you don’t have to. Initial Thoughts I commented in my corresponding post when last year’s budget was released that: “This (2021) budget continues the historical trend of spending a significant amount on national security, which includes cybersecurity, but having most of the money directed towards the… Read more »
There’s been a mixed reaction to the Morrison government’s last budget before the election. While The Tech Council of Australia welcomed the measures for small business offering additional tax deductions for employers who invest in digital skills training for their staff, while William Buck startup advisor and accountant Jack Qi gave the budget a “C-”… Read more »
Federal Budgets are always fun. Throw in accusations of election year pork-barrelling, the need to repay a huge public sector debt pile, war in Europe, the spectre of rising living costs and massive labour market shortages, we suddenly get a very messy picture indeed. It’s hard to know where to look. Last year we rated… Read more »
Peak industry lobby group The Tech Council of Australia (TCA) has praised the federal budget for its focus on small business digital adoption, skills. CEO Kate Pounder said the plan feeds into the TCA’s goal of getting more people into the tech sector. “We applaud the measures announced in the federal budget that support the… Read more »
With rising inflation, a war in Europe affecting global fuel costs, and ongoing supply strain issues, this year’s budget is shaped not just by the upcoming election but a growing cry in the community about the cost of living. But despite some significant multi-billion dollar spends within the next six months, the deficit is predicted… Read more »
When Josh Frydenberg says his key cost-of-living budget measures are “temporary” and “targeted”, he’s precisely right, though the reasons are more opportunistic than he’d spruik publicly. He says it’s all about giving help when it’s needed while not baking in long-term spending. But actually, and equally, the measures are aimed squarely at the imminent election,… Read more »
The Morrison government’s election budget halves petrol excise for six months and gives handouts to taxpayers, pensioners and welfare recipients in a cash splash aimed at clawing back votes. Treasurer Josh Frydenberg, who unveiled the giveaway budget in Parliament House on Tuesday night, has been able to juggle big spending with a reduced deficit thanks… Read more »
The one that got away: After paying $230 million for Catch, Wesfarmers is shutting it down 
Telstra makes $700 million bet on AI to transform its business in Accenture joint venture 
Antler Investor Memo Series: Lyngo AI answers the healthcare communication crisis with AI receptionists 
Monash Uni lithium extraction spinout raises $27.5 million Series A 
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