TechHR
ex
L&D
UNPLUGGED
Sphere
About Us • Contact Us
People Matters ANZ
People Matters Logo
Login / Signup
People Matters Logo
Login / Signup
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

 

 

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
  • About Us
  • Advertise with us
  • Become a sponsor
  • Contact Us
  • Feedback
  • Write For Us

Follow us:

Privacy Policy • Terms of Use

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

People Matters Logo
  • Current
  • Top Stories
  • News
  • Magazine
  • Research
  • Events
  • Videos
  • Webinars
  • Podcast
Login / Signup

Categories:

  • HotTopic
    HR Folk Talk FutureProofHR
  • Strategy
    Leadership Csuite StrategicHR EmployeeRelations BigInterview
  • Recruitment
    Employer Branding Appointments Permanent Hiring Recruitment
  • Performance
    Skilling PerformanceMgmt Compensation Benefits L&D Employee Engagement
  • Culture
    Culture Life@Work Diversity Watercooler SheMatters
  • Tech
    Technology HR Technology Funding & Investment Startups Metaverse
The Morrison government introduces $1.6 billion ‘economic accelerator’

News • 7th Feb 2022 • 2 Min Read

The Morrison government introduces $1.6 billion ‘economic accelerator’

Leadership

Author: Bhavna Sarin Bhavna Sarin
2.1K Reads
With the $1.6 billion economic accelerator, Australian businesses will now be able to “scale-up and commercialise innovative technologies”.

In an effort to “build the country’s resilience" by transforming “leading research into world-beating businesses”, the Australian government has announced a $1.6 billion “economic accelerator” (EA).

“Stronger commercialisation of research and ideas will mean a stronger economy and a stronger future for Australia,” said Australian PM Scott Morrison. Adding that the EA would invest in projects through their development stages, Morrison noted, “The EA will drive our universities and businesses to work hand-in-glove through the stages to prove projects’ viability and potential.” 

Reportedly, the EA is part of a $2.2 billion package to commercialise six national manufacturing priority areas, namely resources and critical minerals, food and beverage, medical products, recycling and clean energy, defence and space.

Acting Minister for Education and Youth Stuart Robert believes the EA would boost investment in two critical stages of experimental development: proof of concept and proof of scale.

“The EA will become a critical source of competitive funding support for innovating new projects with high commercial potential and will take a lot of the risk and uncertainty for universities out of the equation. This investment is about new jobs, increased wages, and creating products that make life easier, more efficient or even more interesting,” Robert said.

Australian employers welcomed this investment, and said more businesses will now be able to “scale-up and commercialise innovative technologies.” 

The Australian Chamber of Commerce and Industry (ACCI) said in a release that proactive policies that capitalise on “industry-university collaboration” will be “critical to modernising industry, creating new jobs, and realising our economic potential.”

“Some of the best and brightest researchers in the world are right here in Australia, but we can do much better to enhance collaboration between universities and industry. The $2.2 billion investment to strengthen research commercialisation will empower businesses to grow and export our innovations globally,” said ACCI Chief Executive Andrew McKellar.

With government support and the right people capabilities to foster innovation and growth, Aussie businesses are looking forward to a productive, profitable and prosperous year.

Read More

Did you find this article helpful?


You Might Also Like

Hyundai Australia appoints Don Romano as CEO

NEWS • 12th Mar 2025 • 3 Min Read

Hyundai Australia appoints Don Romano as CEO

LeadershipAppointments#HRTech#HRCommunity
CEO Swami Raote asked to exit

NEWS • 7th Mar 2025 • 2 Min Read

CEO Swami Raote asked to exit

Leadership#HRTech#HRCommunity
Air New Zealand CEO resigns unexpectedly

NEWS • 6th Mar 2025 • 3 Min Read

Air New Zealand CEO resigns unexpectedly

LeadershipBusiness#HRTech#HRCommunity
NEXT STORY: ShopBack appoints ex-Fave exec to lead efforts in Australia, Thailand, and Taiwan

Trending Stories

  • design-thinking-hr

    ChatGPT Walks It Back — AI Giants Race Ahead

  • design-thinking-hr

    Skype is dead: Did Microsoft's leadership let a billion-doll...

  • design-thinking-hr

    From copy-paste to creative spark: mastering generative AI i...

  • design-thinking-hr

    Keeping the C-suite in the C-suite - how do we reduce execut...

People Matters Logo

Follow us:

Join our mailing list:

By clicking “Subscribe” button above, you are accepting our Terms & Conditions and Privacy Policy.

Company:

  • About Us
  • Advertise with us
  • Become a sponsor
  • Privacy Policy
  • Terms of Use

Contact:

  • Contact Us
  • Feedback
  • Write For Us

© Copyright People Matters Media Pte. Ltd. All Rights Reserved.

Get the latest Articles, Insight, News & Trends from the world of Talent & Work. Subscribe now!
People Matters Logo

Welcome Back!

or

Enter your registered email address to login

Not a user yet? Lets get you signed up!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

People Matters Logo

Welcome! Let's get you signed up...

Starting with the absolulte basics.

Already a user? Go ahead and login!

A 5 digit OTP has been sent to your email address.

This is so we know it's you. Haven't received it yet? Resend the email or then change your email ID.

Let's get to know you better

We'll never share your details with anyone, pinky swear.

And lastly...

Your official designation and company name.