Proprietary companies will now be able to bring on investment via equity crowdfunding, with Parliament this week passing the long-awaited amendments to its crowdfunding legislation.
Labor will put $3 million towards the development of a National Centre of AI Excellence if elected, with Shadow Minister for the Digital Economy Ed Husic yesterday saying Australia “can’t stumble or scramble our way to success” on artificial intelligence.
For shadow minister for the digital economy, Ed Husic the biggest moonshot for Australia “is to actually have moonshots”.
Shadow Treasurer Chris Bowen delivered a scathing assessment of the government’s innovation efforts at Sydney fintech hub Stone and Chalk today as he pleaded Labor’s own “case for innovation”.
The new equity crowdfunding regulations have officially passed the Senate, opening up equity crowdfunding to retail investors.
The Government has announced it is set to open a new office for the CSIRO in San Francisco in order to boost the organisation’s engagement with the US.
After a few months on the shelf, the Government has returned to the issue of equity crowdfunding, introducing a new bill into Parliament yesterday.
Angus Taylor, Assistant Minister for Cities and Digital Transformation, and Ed Husic, Labor’s digital innovation and startups spokesman, took part in election 2016’s first ministerial debate on innovation and digital transformation.