Tag: Industry department

Feds chase $11m in debts from Morrison-era manufacturing grants

Posted on   |  by Justin Hendry
The federal government is chasing more than $11 million from companies that underspent or abandoned projects that received grant funding through the Modern Manufacturing Initiative. The outstanding amount has...

MYEFO cuts $102m from Industry Growth Program

Posted on   |  by Justin Hendry
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)...

Govt abandons plan for external AI Advisory Body

Posted on   |  by Justin Hendry
Australia will not get a permanent advisory body on artificial intelligence as promised, with the federal government abandoning the plan despite growing calls for stronger AI oversight. The Department...

Government sidesteps key STEM diversity recommendations

Posted on   |  by Justin Hendry
The Albanese government has broken its silence on a landmark review of diversity in STEM fields by issuing a statement that conspicuously avoids tackling the central recommendations, and avoids...

Govt touts US$65m paper gain on PsiQuantum investment

Posted on   |  by Justin Hendry
The Albanese government’s stake in PsiQuantum surged US$65 million to US$190 million following the company’s Series E capital raise last month, despite its valuation more than doubling. Trade minister...

PsiQuantum deal cleared despite market testing gaps

Posted on   |  by Justin Hendry
A review of the federal government’s PsiQuantum investment has cleared the $940 million deal but exposed concerns about a market testing process that critics argue was reverse engineered to...

Govt R&D spend to slide after post-pandemic bump

Posted on   |  by Justin Hendry
Government R&D spending as a share of GDP is set to continue its slide after a brief bump over the last two years, with new data forecasting expenditure will...

Albanese’s new ministry recalibrates machinery of innovation

Posted on   |  by Dr John H Howard
The Second Albanese Ministry and its 2025 Administrative Arrangements Order show a government shifting decisively from reform design to delivery architecture. With stable super-departments and a growing cadre of...