Tag: National Reconstruction Fund

The Albanese Government has earmarked $392 million for the Industry Growth Program in the form of grants to start-ups and small-to-medium businesses as well as $101 million for the development of quantum and artificial intelligence industries.

News of the Australian Federal Government’s $15 billion National Reconstruction Fund (NRF) has been welcomed by business leaders across all industries, with the local manufacturing sector in particular set to receive a major boost from the funding.

The Australian government released the country’s first National Quantum Strategy today to back quantum industries that boost Australia’s economic competitiveness and help solve the country’s biggest national challenges. 

The Albanese government has published a discussion paper on the development of a new National Robotics Strategy as part of an effort to foster advanced manufacturing in Australia. 

Transparency, clear priorities, and supporting training and research would help in the Albanese government’s goal “to revive our ability to make world-class products,” says Dr Jarryd Daymond from the University of Sydney Business School.

The National Reconstruction Fund (NRF) Bill will be critical in addressing financial sector blind spots when it comes to investing in key industries such as manufacturing for scale and transformation, Innes Willox, Australian Industry Group chief executive said in a passage.

The Albanese government’s $15 billion National Reconstruction Fund (NRF) is on its way to becoming law after Senate passed the NRF Corporation Bill on Monday. 

Australia's revenue potential from building a battery industry has doubled to A$16.9 billion in the last 18 months, emphasising the sector's rapid growth and the need of taking action, according to a report backed by government and battery industry research group Future Battery Industries.

Minister for Skills and Training Brendan O’Connor announced that the Jobs and Skills Australia Amendment Bill, which establishes the permanent functions and governance arrangements for JSA, has been introduced to Parliament as the Albanese Government continues to address the national skills crisis.

The Albanese government fulfils its pledge to build the skills and capabilities for Australia’s transition to a clean energy future with a $10 million investment at the University of Wollongong.