Future Made in Australia 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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‘Delay means disinvestment’: Govt unswayed by PC policy warning

Joseph Brookes — Thu, 25 Jul 2024 09:28:54 +0000

Assistant Manufacturing minister Tim Ayres has fired back at critics of the Future Made in Australia agenda that seized on a Productivity Commission report casting doubt on nearly $23 billion of industry intervention. The PC’s newest research finds pouring taxpayer funds into industries to create or build comparative advantage is risky and that poorly designed...

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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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A vital role for SBIR in Australia’s future-making

Justin Hendry — Mon, 15 Jul 2024 09:29:35 +0000

In an era where innovation drives economic growth and technological advancement, Australia faces a critical opportunity to enhance its sovereign capability and foster new industries through small business innovation research (SBIR) programs. These programs, which have seen substantial success in the US, offer a strategic framework for supporting startups and small businesses, enabling them to...

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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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The take-off is already wobbly for FMIA moonshot

James Riley — Sat, 06 Jul 2024 02:51:05 +0000

There are many unanswered questions regarding the viability of the new era of state-led, taxpayer-funded green industrial policy that has become de rigueur in Australia and much of the western world since the Covid pandemic and the introduction of the US Inflation Reduction Act. Realpolitech would be grateful for a satisfactory answer to just one....

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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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Govt’s procurement push gets a quiet rebrand

Joseph Brookes — Tue, 02 Jul 2024 07:12:47 +0000

The Future Made in Australia Office established by the Albanese government has been quietly rebranded after it was being confused with a wider clean energy industrialisation agenda of the same name. But disappointment in the office set up to lead procurement reform endures, with suppliers saying they are yet to feel any benefits from the...

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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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