Source: SmartCompany via AAP Image/ Mick Tsikas.
Last year’s federal budget saw some welcome inclusions for the startup and tech sectors. This year is much quieter. In fact the word ‘startups’ only appeared once.
As we pointed out in our budget lockup commentary, the government opted for a somewhat back-to-basics approach this year, meaning there weren’t a great deal of line items specifically for the startup sector.
There wasn’t any kind of funding for entrepreneur-adjacent programs like in past years. Really, the closest thing was $1.7 billion for the Future Made In Australia Innovation Fund.
But the details so far around that have been vague. It’s also only going to be beneficial to startups operating within “priority” sectors such as renewable hydrogen, green metals, low-carbon liquid fuels and clean energy manufacturing.
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No love for entrepreneur programs in this year’s budget
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