The Albanese government will cut $102 million in uncommitted funding from its flagship early-stage commercialisation initiative designed to help startups bridge the funding gap.
The Industry Growth Program (IGP) is one of several Industry department-led programs raided in the Mid-Year Economic and Fiscal Outlook on Wednesday to find savings for new policy proposals without impacting the Budget bottom line.
Almost $150 million will be axed in total over the next …
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