Newly launched accelerator Slingshot plans to invest in around 100 start-ups over the next five years, investing as much as $100,000 in each start-up via a $10 million venture fund.
Start-ups look set to benefit from a new $350 million round of equity funding through the federal government’s Innovation Investment Fund, announced as part of the Venture Australia package.
A new report shows Australia has improved its global ranking in the innovation stakes, moving from 16th spot to 13th spot, although access to venture capital and public funding remains a problem for start-ups.
Federal Industry Minister Greg Combet has warned manufacturers banking on a fall in the Australian dollar that they need to change their business models.
The federal government has delayed its response to a review into Australia’s venture capital industry, after previously indicating that it would outline its policy on the sector by the end of 2012.
The Federal Government has resumed its Clean Technology Investment Programs following a two-month freeze, but there are fears that the pause will have had a negative impact on prospective grant recipients.
The chief executive of the Federal Government's Commercialisation Australia scheme has confirmed no new grants are being written, as the government engages in a widespread halt on grants in a range of sectors.
While the recent high-profile slip-up by Brumby’s suggests that small businesses might use the carbon tax to hit consumers with price rises, early data suggests otherwise.
Green start-ups are becoming increasingly spoilt for choice with regard to funding programs, following the launch of the $200 million Clean Technology Innovation Program.
A group of SME manufacturers in the struggling food and wine sectors are among the recipients of $8.1 million in cash in the first grants from the Gillard government’s $1 billion Clean Technology Investment Programs.
The Federal Government has awarded more than $20 million to 28 business and community groups in a bid to improve energy efficiency among small businesses.
Australia’s innovation performance is “appalling” compared to other countries in the Organisation for Economic Cooperation and Development, according to a former chief scientist.
A $29.8 million Manufacturing Technology Innovation Centre will bring together researchers and manufacturers in a bid to supercharge Australia’s embattled manufacturing industry, the government has announced.
The business sector must “lift its game” in contributing to the economic policy debate, according to Industry Minister Greg Combet, who has identified opportunities and challenges for business.
More than 25 businesses will share in $10.4 million in the latest round of Commercialisation Australia grants, with 11 of the winners coming from the information and communications technology sector.
The carbon tax, high Australian dollar and declining domestic tourism numbers will be a fatal combination for tourism operators, the Australian Tourism Export Council claims.
Federal opposition leader Tony Abbott has backed away from supporting plain cigarette packaging, saying that that the Government’s proposals could prove “counterproductive.”
Small businesses groups will continue to negotiate with the government over the impact of the carbon tax after it was revealed that the pricing model won’t be finalised until mid-year.
There has been a mixed response to the Federal Government’s controversial carbon tax plan, which could see small businesses paying a fixed carbon price for five years from mid 2012.