FMiA Archives - InnovationAus.com

FMiA plan risks industries ‘devoid of Australian invention’

Brandon How — Thu, 01 Aug 2024 08:20:15 +0000

Australia’s budding hydrogen industry will bypass local innovation for its supply chains if content requirements aren’t part of the government’s Future Made in Australia policy, green hydrogen startup Hysata is warning. The local electrolyser manufacturer is calling on the government to add additional incentives to its planned green hydrogen subsidies to spur the use of...

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New AusBiotech chief on the sector’s ‘inflection’ point

Justin Hendry — Tue, 09 Jul 2024 07:48:54 +0000

The Australian biotech sector is at an “inflection point” and is ready to work with the federal government on its Future Made in Australia plan, and other critical policies, to capitalise on interest from overseas, according to new AusBiotech chief executive Rebekah Cassidy. AusBiotech is the leading industry representative body for Australian organisations operating in...

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Opposition demands detail on EFA role in PsiQuantum deal

Justin Hendry — Thu, 04 Jul 2024 09:41:40 +0000

The federal Opposition has demanded that government explain its use of Australia’s export credit agency to bankroll Cailfornia startup PsiQuantum’s plans to build the world’s first fault-tolerant quantum computer. Shadow science minister Paul Fletcher has written to Export Finance Australia (EFA) seeking to clarify its role in Canberra’s controversial bet on the US-based quantum computing...

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Future Made in Australia: PM spruiks startup benefits

Brandon How — Thu, 27 Jun 2024 03:32:02 +0000

Scaling local startups will form a key part of the Future Made in Australia plan, according to the Prime Minister, who will next week introduce legislation for the flagship industrial policy. On Thursday morning, Prime Minister Anthony Albanese said Future Made in Australia (FMiA) would capitalise on existing IP developed in Australia and “bring the...

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Plating up our smarts will take more than just a plan

Justin Hendry — Mon, 24 Jun 2024 08:44:58 +0000

The tasty concept of paddock to plate has gained popularity in recent years – with people attracted to the idea of fewer middlemen, simplified supply chains, and faster and fresher food. It’s a concept that we’d do well to keep in our mind as Australia looks to transform its economy from one that simply digs...

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Public industry investment faces more checks

Joseph Brookes — Wed, 19 Jun 2024 03:14:26 +0000

The Future Made in Australia Act will mandate Treasury analysis of private investment barriers to promising sectors to ensure private capital is following taxpayers’ support for industries like green steel production or battery manufacturing. The projects will also need to deliver clear community benefits outlined in the legislation to ensure the public investment delivers good...

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Manufacturing shows new life, and lessons for the economy

James Riley — Fri, 14 Jun 2024 07:56:05 +0000

Back in 2016, during the time of the Turnbull Government’s Ideas Boom, the CSIRO Futures team, in collaboration with the Advanced Manufacturing Growth Centre, laid out a vision for the future of manufacturing in Australia. It was very bullish. “Over the next 20 years, Australia’s manufacturing industry will transform into a highly integrated, collaborative and export-focused...

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A future built on politics: Prospect theory vs mission economy

James Riley — Sun, 19 May 2024 00:30:13 +0000

For all the pre-budget Future Made in Australia hype; all the predictions that federal Labor would deliver a bold state-led ‘mission economy’ reindustrialisation agenda of the type evangelised by progressive UK-based academic Mariana Mazzucato, the big budget reveal was much more about politically driven spending and investment to win an election. Indeed, from the $22.7...

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Canberra loans California’s PsiQuantum at least $200m

Justin Hendry — Tue, 14 May 2024 11:02:43 +0000

PsiQuantum has been loaned at least $200 million by the Albanese government to stage its attempts to build the world’s first commercial quantum computer in Brisbane, Budget documents reveal. Tuesday’s Budget also show the government has set aside an additional $28 million to supervise its part of the $940 million joint investment in the Californian-based...

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Budget 2024: Billions for clean energy shift, APS tech uplift

Justin Hendry — Tue, 14 May 2024 11:01:56 +0000

More than $20 billion in federal government support will be made available for renewable hydrogen, critical minerals and clean energy technologies in a future-making Budget that also sets up billions in spending on technology upgrades across the public sector. Treasurer Jim Chalmers’ third Budget wraps up a month-long offensive by the government to establish Future...

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