National Reconstruction Fund 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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Our opportunity: ‘A train that leaves the station only once’

James Riley — Sun, 21 Jul 2024 12:26:20 +0000

The opportunities in front of Australia for reindustrialisation right now across everything from metals processing to quantum computing “is a train that only leaves the station once,” according to Assistant Minister for Trade and Manufacturing Tim Ayres. Making the most of those opportunities will need a coordinated effort of federal, state and local governments, particularly...

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Gig Guide: NRF chief investment officer appointed

Brandon How — Fri, 14 Jun 2024 06:24:30 +0000

The National Reconstruction Fund Corporation has appointed experienced investment fund manager Dr Mary Manning as its chief investment officer, who brings more than 25 years’ of experience to the role. Dr Manning has spent the last three years at Alphinity Investment Management as portfolio manager for the global fund and for its global sustainable fund....

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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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‘Of course we should be picking winners’ : NRF chair Martijn Wilder

Joseph Brookes — Tue, 23 Apr 2024 12:10:50 +0000

The head of the Australia’s $15 billion industry fund has thrown his support behind the more interventionist approach of the Albanese government, as he prepares to turn on the taps for local manufacturing projects. Due diligence is currently underway on the first projects to receive investment from the National Reconstruction Fund (NRF) that was promised...

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Plan unveiled to guide $1.5bn for medicine making

Joseph Brookes — Mon, 15 Apr 2024 07:09:22 +0000

Precision manufacturing of medical devices, digital health solutions and innovative therapeutics will be backed with up to $1.5 billion in public funding under the first guidance for a priority sector by the Albanese government. The Medical Science Co-investment Plan released on Monday by Industry and Science minister Ed Husic touts an opportunity to build industrial...

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Government-led coinvestment funds move ahead

James Riley — Sun, 14 Apr 2024 07:12:33 +0000

Government-backed investment funds have emerged as a key component of increasingly interventionist industrial policy strategies across the developed world. The is certainly the case in Australia, with the $15 billion National Reconstruction Fund the latest government-led investment vehicle set up to drive future industries. The $2 billion taxpayer-funded Breakthrough Victoria was set up just over...

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NRF took more than 100 inquiries without a formal process

Joseph Brookes — Mon, 19 Feb 2024 20:19:06 +0000

At least 130 inquires about investment from the $15 billion National Reconstruction Fund were made before a formal application channel was established, with businesses accessing multiple pathways in search of government backing, including approaching the minister. At Senate Estimates on Thursday night, officials from the new National Reconstruction Fund (NRF) Corporation and the Industry department...

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Govt sets challenges for $7.5m BRII round

Joseph Brookes — Mon, 19 Feb 2024 04:39:15 +0000

The latest round of the federal government’s innovation challenge program for startups and small to medium business launched on Monday, offering up to $7.5 million through a staged process for renewables and low emission solutions. The new renewables and low emissions round of the Business Research and Innovation Initiative (BRII) has set specific challenges 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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