Floating Australian tech winners

The local technology sector could use a helping hand from the government to get better access to VC markets, both locally and abroad.

Buried in a budget press release from the minister for industry and innovation Greg Combet is $100 million for a venture capital plan to “attract matching private investment” for startups.

It’s a step in the right direction, albeit dwarfed by the $1.8 billion the government has also set aside for the R&D Tax Incentive, which is designed to boost business investment in innovation.


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