AIIA welcomes Australian federal budget

11.05.2006

- The establishment of an Early Stage Venture Capital Limited Partnership investment vehicle will assist more Australian companies to commercialize their technology in the local market before stepping up to the world stage.

- Amendments to the operation of Venture Capital Limited Partnerships that provide strong impetus for the commercialization of Australian research and development and will enable Australia to build economic growth through greater public and private investment in innovation and early-stage concepts.- Further funding of A$200 million for the Innovation Investment Fund program.

- An increased commitment to Invest Australia, which will bring total funding of almost A$73 million over four years to boost international efforts to further foreign investment in Australian industry.