The extra A$1 billion funding from January 2021 provides a critical stop-gap. It will help recover some of the lost research momentum. But what will happen after 2021?
A new national research centre at Adelaide will be established with $20 million in initial funding, and is geared to helping Australia capture some of the benefits of the current artificial intelligence revolution.
Five Australian startups — including a field robotics company and a maker of sustainable packaging based on crustacean shells — have made the shortlist for Rabobank’s international food and agri FoodBytes program.
Highly controversial reforms to the research and development tax incentive have been officially scrapped in a “huge win” for the tech sector, with the federal government backing down from its plan to cut $1.8 billion from the scheme.
The Australian Industry Group has welcomed Tuesday night’s federal budget as suitable for the worst economic downturn since the Great Depression in the 1930s, describing it as “stimulatory, inclusive, confidence-building and forward-looking.”
Climate change think tank Beyond Zero Emissions has welcomed yesterday’s federal budget, saying it contains “promising endorsement” of a clean economic recovery.
Studies on the development needs of the Henderson shipyard have been announced by the federal government.
Leading industry groups and universities have called on the federal government to make a targeted effort to address Australia’s commercialisation woes in this week’s federal budget, with new funds and an R&D collaboration premium.
Prime Minister Scott Morrison has flagged that fresh changes to the government’s controversial plan to cut $1.8 billion from the research and development tax incentive will be included in next week’s budget.
As mentioned in an earlier wrap-up of responses to the federal Coalition’s Modern Manufacturing Strategy, the amount allocated — $1.5 billion — has been described as too small, especially given the monumental challenge it addresses.