In the shadow of an imminent election, this year’s federal budget included some welcome investments for Australian innovation ecosystem, but didn’t go far enough, according to a panel of experts at InnovationAus’s sixth annual Budget Insider event.
The panelists broadly welcomed a number of tech-focused budget inclusions but said the government needed to adopt a longer-term perspective to growing the ecosystem in Australia. The panel included representatives from quantum computing company Q-CTRL and venture capital fund Beckon Capital, among others.
Before being handed down by the Treasurer Josh Frydenberg, a panel of industry members gathered to discuss what the innovation ecosystem needed out of the budget. Attendees then watched the Treasurer’s speech before a second panel discussed their impressions of the announcements.
The post-budget panel featured Beckon Capital chief executive Anne-Marie Elias, Vault Cloud chief operating office Joe Ruggero, and Q-CTRL chief executive office and founder Professor Michael Biercuk.
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