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Federal Government Programs

The National Innovation and Science Agenda Programs (NISA) outlines numerous programs and assistance (www.innovation.gov.au).

The initiatives are worth $1.1 billion over four years and include the following four key pillars:

 

Culture and Capital includes the following measures:
 
Tax incentives for early stage investors – New arrangements for venture capital investment – Access to company losses – Intangible asset depreciation – CSIRO Innovation Fund – Biomedical Translation Fund – Incubator Support Programme – Improve bankruptcy and insolvency laws – Employee Share Schemes
 
Collaboration includes the following measures:
 
Critical research infrastructure – Sharper incentives for engagement – Global Innovation Strategy – Cyber Security Growth Centre – Innovation Connections – Quantum computing – Measuring impact and engagement in university research – ARC Linkage Projects Scheme (Australian Research Council)
 
Talent and Skills includes the following measures:
 
Inspiring all Australians in digital literacy and STEM (Science, Technology, Engineering & Mathematics) – Support for innovation through visas
 
Government as an exemplar includes the following measures:
 
Data61 – Business Research and Innovation Initiative – Digital marketplace – Innovation and Science Australia – Public data strategy

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