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.
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.
Due to the failure of last year’s budget, and strong expressions of public disapproval, the Australian government has smartly chosen to revise its plans. Treasurer Joe Hockey took to the podium yesterday to deliver the details of the new budget, which focuses on small businesses, a welcome change.
Daily startup news and insights, delivered to your inbox.
