Daily Bulletin

Men's Weekly

.

  • Written by Media Release



Today the Turnbull Government will hold the inaugural meeting of the Innovation and Science Committee of Cabinet, which is responsible for implementing the Government’s $1.1 billion National Innovation and Science Agenda (NISA).

 

This is the first time a dedicated Cabinet Committee has been established by the Australian Government to oversee innovation and science, highlighting the critical importance of these issues to our economic prosperity.

 

Along with Australia’s recent free trade agreements and signing of the Trans-Pacific Partnership, the Turnbull Government’s NISA is helping drive growth and prosperity, positioning Australia as a dynamic 21st century economy.

 

Establishing an Innovation and Science Committee of Cabinet delivers on an important commitment from the NISA and highlights the need to deliver important innovation and science reforms.

 

The Cabinet Committee will discuss progress in implementing the NISA’s 24 measures, including the first two landing pads in Silicon Valley and Tel Aviv to support Australian entrepreneurs expand into overseas markets.

 

The Committee will also discuss progress on delivering tax incentives for angel investors, making it easier for startups to attract early stage capital to grow their businesses. A new Entrepreneurs Visa, which helps companies attract talent from overseas, is up for discussion as well. Both initiatives are open for consultation.

 

The members of the Cabinet Committee, chaired by the Prime Minister, are Deputy Prime Minister Barnaby Joyce, Foreign Minister Julie Bishop, Treasurer Scott Morrison, Minister for Industry, Innovation and Science Christopher Pyne (deputy chair), Health Minister Sussan Ley, Education Minister Simon Birmingham, Trade Minister Steven Ciobo, Cabinet Secretary Arthur Sinodinos, Assistant Cabinet Secretary Dr Peter Hendy MP, Assistant Minister for Science Karen Andrews and Assistant Minister for Innovation Wyatt Roy.

Business News

The ultimate checklist for launching a digital-first business

If you’re launching a business in 2025, chances are it’s going to be digital-first. Whether you’re running an online store, offering consulting services, or building something entirely new, they all h...

Daily Bulletin - avatar Daily Bulletin

“SMBs Are Building the Future While Australia Sleeps” — Marc Degli on AI, Innovation, and What Needs to Change

Australia’s startup scene has been called “emerging” for a decade — but for many founders, it still feels stalled. Government funding is mired in bureaucracy. Investors hedge their bets on “safe” deal...

Daily Bulletin - avatar Daily Bulletin

Hydrogen Pipe Infrastructure: A Guide to Future Networks

As Australia moves towards a cleaner energy future, hydrogen is emerging as a key player. But how do we get this promising energy source from production facilities to where it's needed? The answer l...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals