Tag: National Reconstruction Fund

The Australian Government announced a substantial increase in funding for research and development (R&D), with an injection of $12.6 billion aimed at bolstering Australian innovation this year.

Not-for-profit industry organisations can now apply for grants to provide expert, sector-specific guidance to participating startups and scaleups as part of the Australian Government’s $392.4 million Industry Growth Program.

It is undeniable that 2023 has been a transformative year for the Australian manufacturing sector as it navigates through numerous challenges throughout the year. 

The Australian Government has unveiled a $127 million investment to back new research centres to cut emissions in the agriculture sector and eliminate plastic waste. 

The $15 billion National Reconstruction Fund is now poised to initiate investments aimed at fostering the growth of Australia's industrial capabilities, with a focus on generating secure and well-paid job opportunities for the future.

The Australian Government has officially launched its $392 million Industry Growth Program, an initiative aimed at helping startups and small businesses commercialise and grow their companies. 

A new report from national professional services firm RSM Australia has highlighted the need for an increase in government contracts and funding to allow Australian advanced manufacturing to compete on a global level. 

Glenn Thompson, the assistant national secretary of the Australian Manufacturing Union since 2003, has been appointed as a member of the National Reconstruction Fund Corporation Board. 

Minister for Industry and Science Ed Husic has convened with government leaders from across the Indo-Pacific at the Global Entrepreneurship Congress 2023 (GEC 2023) to explore ways of bolstering opportunities for global entrepreneurship and innovation, particularly in advanced manufacturing. 

The National Reconstruction Fund (NRF) Corporation’s Board met for the first time on Monday, 18 September, officially launching the corporation that will help enhance Australia’s local manufacturing capabilities.