Very, very shortly the first investments by the National Reconstruction Fund will be revealed, many more to follow. We want to revitalise and strengthen our manufacturing and tech capabilities - and the NRF is here to play a big part in that
Hopefully there are no further public investments wasted on the folly of using green hydrogen and carbon capture to make renewable fuels. Much wasted public money around the world led by predatory delay tactics, or just wishful thinking. Projects now being dropped like hot coals. Money needs to be invested in total supply chain reconstruction to replace imported petroleum with locally produced bio-based fuels using PROVEN and AVAILABLE technology now rather than in 20 years time.
I really hope that monies are spent on companies that have developed products and services that have already sold and commercialized. We see to many companies getting money for ideas that never come to a commercial product and solely relying on continued government funding. And not just companies that talk the talk and promise the dream and live off funding.
If we want to create new innovative industries, If we want to create careers for our people, If we want to build, be sustainable and solve problems; Then we need to fund, invest and support our own entrepreneurs, industries, businesses to create the future in Australia.
What about funding agricultural manufacturing, valuing adding and food processing which creates jobs stimulates growth, provides security of Supply and additional advantages in the marketplace for fruit and vegetable growers . (Including stepping away from the corporate duopoly - this is an area of funding that we have made an approach to the national reconstruction fund about; and it is sad to see that the year later nothing has happened.
OpenSi would love to have the opportunity to talk with you, as part of our goal is to help SMEs in the deep tech area to develop innovation and research using open-source technologies.
Do you have my account details? Hopefully this stays within Australia!
With that level of return required (2-3% above 5 year gov bonds) then it really limits what it can support in terms of innovation.
This is an exciting development, Ed Husic MP. As an emergency management tech entrepreneur, I believe the NRF has the potential to significantly accelerate innovation and collaboration across Australia's tech sector, with positive ripple effects for our manufacturing industry. I'm eager to see the details of the first investments and the opportunities they create.
Member for Chifley, Minister for Industry and Science
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