AUSSIE INVESTORS BETTING ON NEW IDEAS

The Morrison Government is continuing to drive investment in early stage companies and innovations that can grow the economy and create new Australian jobs. New ABS figures show total venture capital investment soared from $574 million in 2017-18 to $701 million last financial year – the highest level since 2007-08, and up from less than…

FIRE FIGHTING INNOVATION SHARES IN $3.1M GRANTS BOOST

A Queensland company will soon be fitting its fire fighting invention to helicopters across the globe, thanks to support from the Morrison Government. Minister for Industry, Science and Technology Karen Andrews said Helitak Fire Fighting Equipment is among 10 businesses sharing in $3.1 million in Accelerating Commercialisation grants. “These grants support businesses exhibiting Aussie ingenuity…

JOINT MEDIA RELEASE – RESEARCH GRANT BOOST TO NAVY FRIGATES PROJECT

The Morrison Government is backing advanced manufacturing and South Australia’s defence sector, through a new industry-research collaboration. The Government-funded Innovative Manufacturing CRC (IMCRC) will inject $1.45 million into a project to help develop and pilot cutting-edge manufacturing technologies that will be used to build nine anti-submarine warfare frigates. BAE Systems Australia’s shipbuilding business, ASC Shipbuilding,…

BUSHFIRE CONSTRUCTION STANDARD FEE WAIVED

The Morrison Government is partnering with Standards Australia to waive the fee for access to the bushfire construction standard, to support the recovery and rebuilding of bushfire ravaged communities. This jointly funded partnership will provide all Australians with access to AS 3959:2018 – Construction of buildings in bushfire-prone areas – a key standard referenced in…

REFORMING THE NEW CAR RETAILING MARKET

The Morrison Government is working to foster more competitive new car retailing, with the release of draft regulations to improve transparency and fairness in the market. Car manufacturers, new car dealers and customers now have an opportunity to comment on the draft regulations that introduce changes for the sector under the Franchising Code of Conduct.…

$8.5 MILLION TO BOOST CYBER SECURITY SOLUTIONS

Tailored ‘cyber fitness’ programs for small businesses are among 17 projects set to share in $8.5 million in funding from the Morrison Government to strengthen and grow the cyber security sector. Minister for Industry, Science and Technology, Karen Andrews said the second round of AustCyber’s Projects Fund would further strengthen Australia’s cyber security capability. “These projects…