Commission of Audit takes aim at start-up programs

Innovation Investment Fund, Commercialisation Australia could both be scrapped as audit report urges government to take a hands-off approach to the start-up sector.

The Commission of Audit’s call to abolish the Innovation Investment Fund and Commercialisation Australia, both industry assistance programs, has been slammed by industry experts.

The programs were created to support innovation and entrepreneurship in Australia but the Commission believes the government should adopt a hands-off approach in supporting the start-up sector.

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