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Posts Tagged ‘speech’
Featured, Industry, News, Startups - Thursday, May 22, 2014 16:34 - 19 Comments
news Shadow Treasurer Chris Bowen has given a landmark speech in which he argues that much of the future for Australia’s economy lies in high-tech jobs, innovation and entrepreneurship, in sentiments which run directly contrary to the thrust of the Coalition Government’s first budget.
In this year’s Federal Budget, the Government made good on the threat delivered by its Commission of Audit to “abolish” key early stage innovation industry support vehicles Commercialisation Australia and the Innovation Investment Fund (IIF), with the pair and others to be rolled into a new body dubbed the ‘Entrepreneurs’ Infrastructure Programme’.
The Government also cut the funding of ICT research group National ICT Australia and chopped the Interactive Games Fund, which had been supporting the video game development scene.
The moves have been widely criticised by industry groups such as StartupAUS, the Australian Private Equity & Venture Capital Association and the Game Developers’ Association of Australia.
In a major speech to the National Press Club in Canberra yesterday, Shadow Treasurer Chris Bowen said the cuts represented “particularly short-sighted policy” that had “not yet received much public attention”. The full speech is available online in Word format.
“In an attempt to bolster his right-wing credentials with the more extremist elements of his party-room, the Treasurer has felt obliged to follow up his “age of entitlement” rhetoric with a counter-productive assault on government programs that encourage innovation, venture capital, commercialisation and start-ups,” Bowen said.
“Ultimately, the best way to return the budget to surplus is economic growth. Growth through new jobs for the future, through innovation, through science and entrepreneurship. Together with the cynical decisions to make university degrees more expensive and saddling aspiring students with more and more debt, the government has chosen to undermine innovation and research and development.” Continue…
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