Australia’s Treasurer delivered the 2017-18 Budget and of course we were interested, among other things, on news for those involved in innovation.

Here are the key points on what the budget aims to provide:

  • A$101.5 million over 5 years to establish an Advanced Manufacturing Fund to promote research and capital development for high technology manufacturing businesses;
  • A$26.1 million over 4 years to maintain Australia’s capability in optical astronomy and its international competitiveness in space and astronomy enabled research;
  • A$472.2 million over 4 years to establish the Regional Growth Fund including A$272.2 million to support grants, potentially of A$10 million or more, for major projects supporting long term economic growth.