Ivan Power Archives - InnovationAus.com

NRF Corporation racks up $8.7m bill before investing

Joseph Brookes — Thu, 01 Aug 2024 09:22:43 +0000

The independent entity steering the $15 billion National Reconstruction Fund has racked up $8.7 million in expenses before making a single investment, as it approaches a one-year anniversary with little to offer industry. The costs have been accruing for 11 months as the new corporation tries to sort through more than 300 applications to ensure...

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Dual-Use Forum: Where Defence meets industry

James Riley — Wed, 05 Jun 2024 07:37:02 +0000

Following the recommendations of last year’s Defence Strategic Review, the Defence Innovation, Science and Technology (IS&T) ecosystem has restructured the way that it engages with industry and how it acquires capability. Many deep tech startups building product for civilian commercial markets have had little exposure to Defence and may not have considered the potential for...

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Lessons from abroad: Green energy and de-industrialisation

Justin Hendry — Fri, 16 Feb 2024 07:40:01 +0000

“You can always spot the pioneers by the arrows in their backs,” is an adage often uttered when all the best laid plans around a new, new thing don’t pan out. For decades, Australia’s tepid approach to new-to-the-world innovation, enterprise and policy has personified this kind of cultural aversion to risk. One advantage of being...

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The NRF: An industry champion or a rent seeker’s delight?

James Riley — Fri, 09 Feb 2024 08:44:43 +0000

The appointment of former Macquarie Bank executive Ivan Power as chief executive of the National Reconstruction Fund (NRF) was a low-key affair. Relative to the months-long anticipation of who would get to lead what the Minister for Industry and Science Ed Husic has described as the biggest peacetime investment in Australian manufacturing capability, it was...

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Sending a finance guy to fix an industrial problem

James Riley — Thu, 01 Feb 2024 10:21:20 +0000

As soon as the Prime Minister was caught on the back-foot during an interview on Radio National about the slow progress in getting the National Reconstruction Fund ready to invest, you could be sure that the tempo would accelerate. So here we are two weeks later, and the government has with little fanfare – and...

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