turnbull innovation announcement

Among the package's major initiatives are:

• $106 million in tax incentives for "angel" investors, who provide seed funding in the early years of a venture's creation
• $75m to the CSIRO's data research arm Data 61
• $30m for a Cyber Security Growth Centre to create business opportunities in cyber security, which the Government spends $5b on each year
• $15m over four years towards a $200m CSIRO Innovation Fund
• $10m over four years towards a $250m Biomedical Translation Fund, in partnership with the private sector

Australians wanting to take their ideas internationally will also be supported through a $36m "Global Innovation Strategy", helping them get started in Silicon Valley, Tel Aviv and three other locations, as well as a $22m funding project with German's Fraunhofer Institute.
______________________________________________________________________________

I can only hope the guys from Nuheara pay attention to this announcement. I'm sure they would be a prime example of the kind of company intended to receive this kind of funding support.