11.1 C
London
Monday, September 26, 2022

Startup Daily TV: NSW Minister of Technology, Innovation and Science Alister Henskens on the state’s $800 million plan for startups

Must read

Everything wrong with how Optus announced its massive data breach

Optus fears data of up to 9.8 million of its customers in a advanced cyber attack – including, for some customers, passport and driver's...

Amazon’s Prime Early Access Sale takes place October 11-12

The rumors were true: Amazon is holding a second Prime-exclusive sale event starting on Tuesday, October 11 at 3AM ET / 12AM PT and...

Get 1TB of high-quality cloud storage for a lifetime for just $112

Disclosure: Our goal is to provide products and services that we believe you will find interesting and useful. If you buy them, londonbusinessblog.com...

the best tools for making GIFs

This article was republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. register here.GIFs are...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

The NSW budget, announced last week, delivered the largest investment in scientific research, innovation and technological development in state history: a boost of $832.7 million over four years.

Total investment was $1.1 billion and $270 million also announced to boost biomedical research, on top of $119.1 million over 10 years for RNA research and development initiatives, as well as the $95.8 million announced last year RNA Pilot Manufacturing Facility.

NSW Science, Innovation and Technology Minister Alister Henskens said the public investment is aimed at boosting the innovation ecosystem in NSW, creating jobs and new industries in line with the recently released NSW 20 Year R&D Roadmap.

The budget included $703.4 million to establish the Future Economy Fund, which will expand and accelerate R&D and commercialization opportunities statewide, building on the work of the NSW government’s R&D Action Plan.

The $270 million is for two new facilities – the Sydney Biomedical Accelerator Complex in Camperdown and the Viral Vector production facility in Westmead – to help develop treatments for rare, life-limiting diseases as part of the NSW government’s commitment to leading global health and areas of research.

Startup Daily TV spoke with Minister Henskens to discuss the government’s plans, including tackling the “valley of death” for capital for startup startups, looking two decades ahead in deep tech, the potential for quantum computing and the new announcement this week , plans for the Semiconductor Sector Service Bureau (S3B) to ramp up the state’s semiconductor capability in conjunction with the CSIRO.

You can view our in-depth interview with the technical minister by clicking the link below.

You can watch the Startup Daily show from Monday to Thursday from 2-4:40 PM ausbiz.com.aufor the latest technology and startup news.

If you can’t make it, you can always catch up on request what our guests had to say via the Australia Place. It’s free once you sign up.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Everything wrong with how Optus announced its massive data breach

Optus fears data of up to 9.8 million of its customers in a advanced cyber attack – including, for some customers, passport and driver's...

Amazon’s Prime Early Access Sale takes place October 11-12

The rumors were true: Amazon is holding a second Prime-exclusive sale event starting on Tuesday, October 11 at 3AM ET / 12AM PT and...

Get 1TB of high-quality cloud storage for a lifetime for just $112

Disclosure: Our goal is to provide products and services that we believe you will find interesting and useful. If you buy them, londonbusinessblog.com...

the best tools for making GIFs

This article was republished with permission from Wonder Tools, a newsletter that helps you discover the most useful sites and apps. register here.GIFs are...

Space dedicated to food and beverage companies in emerging shopping centers after pandemic

The allocation of F&B space in some shopping centers has increased to 25-30%, from 12-15% during the pre-Covid period.This is largely due to the...