Source: SmartCompany.
The Australian startup sector didn’t get a great deal of love from this year’s federal budget. Outside of a handful of measures, most of the benefits were tangential. So it’s hardly surprising that there was no mention of any new or previous entrepreneur-focused programs, such as Boosting Female Founders (BFF), or any other startup-specific funding.
Perhaps the answer lies in last year’s budget, which saw $392.4 million over four years earmarked for the Industry Growth Program. This was to support Australian startups and SMEs in commercialising their ideas and growing their operations.
It’s worth noting this program was targeted specifically towards businesses operating within the priority areas of the National Reconstruction Fund.
And this was certainly a win at the time.
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