{"id":46324,"date":"2023-10-20T15:49:35","date_gmt":"2023-10-20T15:49:35","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/federal-budget-sees-the-innovation-statement-reaffirmed-but-few-new-policies-for-startups-startupsmart\/"},"modified":"2023-10-20T15:49:35","modified_gmt":"2023-10-20T15:49:35","slug":"federal-budget-sees-the-innovation-statement-reaffirmed-but-few-new-policies-for-startups-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/federal-budget-sees-the-innovation-statement-reaffirmed-but-few-new-policies-for-startups-startupsmart\/","title":{"rendered":"Federal budget sees the innovation statement reaffirmed but few new policies for startups – StartupSmart"},"content":{"rendered":"
The federal government has revealed its 2016-17 budget with the aim of “harnessing the power of innovation and entrepreneurship”, mostly encompassing policies revealed in last year’s $1.1 billion innovation statement.<\/p>\n
The policies include tax incentives for early-stage startup investment, an expansion of the CSIRO’s accelerator program, changes to the employee share scheme and reforms to the equity crowdfunding reforms.<\/p>\n
The few pieces of new information focus mainly on fintech, with a $200,000 commitment to promote Australian fintechs on an international level<\/a> and a reaffirmation of the pledge to create a “regulatory sandbox” to test new ideas from entrepreneurs.<\/p>\n