“An election budget not an entrepreneur’s one”: Startups react to the 2024 budget

budget 2024 startups

Source: SmartCompany

It was a quiet budget for the Australian startup sector. While there were a handful of announcements, most were tangentially related to the sector. In fact, the word ‘startups’ only appeared once in the budget papers.

Given the back-to-basics approach of the budget, it’s unsurprising that industry professionals had some things to say about it.

Carolyn Breeze, CEO, Scalare Partners

“It’s disappointing to see a lack of meaningful investment in local technology development in this year’s budget. With at least $466 million in taxpayer funds going to US Quantum Computing, we hoped to see comparable backing for local solutions across spaces outside of manufacturing, such as artificial intelligence.

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