Innovation statement: Malcolm Turnbull to unveil $1b package including entrepreneur visas, cash for CSIRO

In his first major economic statement as Prime Minister, Malcolm Turnbull will today unveil a $1 billion plan to foster greater innovation across 11 different Government portfolios.
Key points

$1 billion plan to ‘kick start innovation culture’, including $100 million to CSIRO Tax, research infrastructure, education affected Changes to bankruptcy laws, 457 visa scheme, tax exemptions for investors Labor announces its own 20 measures

Among the measures will be a $100 million boost for the CSIRO, which was hit by around $110 million in funding cuts in the 2014 federal budget.

The Government will unveil plans in the areas of tax, research infrastructure, and education in the STEM subjects – science, technology, engineering and maths – in a bid to “kick start an innovation culture”.

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Wow. I didn’t expect to see that in my lifetime.

Among the measures will be a $100 million boost for the CSIRO, which was hit by around $110 million in funding cuts in the 2014 federal budget.
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Uh … so basically they’ve cut the budget by 10 million dollars.

dv said:

Among the measures will be a $100 million boost for the CSIRO, which was hit by around $110 million in funding cuts in the 2014 federal budget.
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Uh … so basically they’ve cut the budget by 10 million dollars.

That was my less-than-ecstatic conclusion.

Still, it’s a considerable improvement.

too little too late

it will get swallowed by management wages

and considering a diploma in electrotechnology now costs 20,000 dollars it’s not going to make much difference