NRF 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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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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‘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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Industry policy can’t wait for Productivity Commission revamp

James Riley — Sun, 07 Apr 2024 09:34:16 +0000

It is just five weeks until federal Treasurer Jim Chalmers delivers his third budget in what he has frequently described as a defining decade for the country on all fronts: socio-economically, technologically, and geopolitically. Like many, Realpolitech is wondering whether the occasion will finally bring some definition to the “recast and modernised” industry policy framework...

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Tech wrecks, $15bn industry fund shortlisted for audits

Joseph Brookes — Wed, 03 Apr 2024 04:10:09 +0000

Multi-billion dollar tech projects across Defence and the Tax Office as well as the government’s protocols for keeping them on track could go under the audit office’s microscope later this year, while promised change at the Digital Transformation Agency could also get a check. The Australian National Audit Office (ANAO) has published a draft work...

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Plan to ‘weave’ quantum into govt’s $1bn critical tech bet

Joseph Brookes — Wed, 21 Feb 2024 07:10:42 +0000

The government will begin drafting a co-investment plan for $1 billion in support for critical technologies this week, with Industry minister Ed Husic pledging to “weave” the local quantum sector into the strategic investment as private capital dries up. Mr Husic on Wednesday revealed the imminent drafting and floated future additional investment from superannuation firms...

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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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