With almost $270,000 in funding from the Federal Government’s Incubator Support program, Brisbane is next week set to open a dedicated hub for hardware-focused startups, Arc.
A reshuffle of Prime Minister Malcolm Turnbull’s cabinet has seen Employment Minister, Senator Michaelia Cash named Minister for Jobs and Innovation.
CSIRO’s $200 million Innovation Fund, managed by Main Sequence Ventures, has made investments into companies Q-Ctrl, Intersective, Morse Micro, and Maxwell MRI.
Scott Morrison warned today that the tech sector must do more to explain the benefits of leveraging technology to wider Australia.
The government has launched the Biomedical Translation Fund, a $500 million fund that will help commercialise biomedical discoveries.
With the release of the 2016 Crossroads report it is evident that many of the challenges facing the Australian tech and startup community in early 2015 persist and, as global competition in the space heats up, they are becoming more pronounced.
To examine sentiment around the innovation agenda and the government’s role and actions a year on, ank Stream Labs has launched a survey to gauge the sector’s feelings.
University of Melbourne innovation expert, Dr Charles Day has been appointed as the CEO of Innovation and Science Australia [ISA], the government’s primary innovation body.
Just a few days after Australia fell two places down the Global Innovation Index to 19th, new Minister for Innovation Greg Hunt has discussed the creation of a new federal fund to help spur innovation in businesses worth between $20 million and $200 million.
Former Environment Minister Greg Hunt has been appointed the new Minister for Industry, Innovation, and Science, taking over from Christopher Pyne, who has moved on to the Defence portfolio.
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.
Melbourne-based social enterprise accelerator One10 has opened a new office in Sydney to commercialise more purpose-driven businesses.
Turnbull announced that if re-elected he will invest a further $15 million in funding into NISA’s Incubator Support Program to drive support within the startup ecosystem.
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).
As far as the startup landscape goes, the fintech sector has emerged as the real winner of Treasurer Scott Morrison’s 2016 Budget. A key focus has been made on supporting innovative ideas to ensure Australia is a leading destination for fintech companies and global disruptors.
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