Tag: DISR

Govt loan untouched as PsiQuantum capital raise incomplete

Posted on   |  by Justin Hendry
US-based PsiQuantum is yet to meet the terms of its $275 million debt agreement with the federal government, preventing it from drawing down on the partially-interest free loan months...

DISR restarts Entrepreneurs’ Program corruption inquiries

Posted on   |  by Joseph Brookes
The Industry department has reopened its investigation of a procurement scandal involving its defunct $484 million innovation program after the matter was passed back to it by federal police...

Salesforce lands DISR deal through limited tender

Posted on   |  by Joseph Brookes
Salesforce has cracked the federal Industry department, landing a $1 million deal this month through limited tender to supply the national science museum with software over three years. The...

R&D ‘languishing’ despite lift in government spending

Posted on   |  by Justin Hendry
The federal government expects to lift overall spending on R&D by almost $650 million this financial year, outpacing sluggish R&D spending growth in the private sector, according to new...

Reclaiming sovereignty over strategic technologies

Posted on   |  by Adam Gilmour
Australian governments have been discussing innovation, advanced manufacturing, and the vision of making more (and more high-tech things) in Australia… for decades. Yet here we are in 2024, ranked...

Govt hunts more contractors for budding scaleup program

Posted on   |  by Joseph Brookes
The Industry department has issued a call out for more external advisers for its $392 million commercialisation program to meet strong demand from startups in Victoria and NSW, eight...

Australia proposes mandatory guardrails for AI

Posted on   |  by Justin Hendry
The Albanese government has proposed ten mandatory guardrails for artificial intelligence in high-risk settings as it moves to curb dangers posed by the nascent technology. A standalone Artificial Intelligence...

Government faces ANAO scrutiny over PsiQuantum deal

Posted on   |  by Justin Hendry
The national audit office has flagged a potential review of the federal government’s use of specialist investment vehicles in the wake of its controversial deal with Californian quantum startup PsiQuantum....