- $459 million over four years towards science infrastructure.
- 20% non-refundable tax offset and a capital gains tax exemption for early stage investors in start up businesses, 10% tax rebate for venture capital investments to expand existing start-ups.
- Insovency laws and bankruptcy periods relaxed to help start ups who fail.
- A new board in the Industry Department called Innovation and Science Australia.
- $200m innovation fund that’ll co-invest in businesses that develop tech for the CSIRO or Aussie universities.
- $127 million over four years of research block grant funding towards collaboration between industry and universities.
- Money set aside to help students in years 5 to 7 to learn coding.
- ‘Entrepreneur Visa’ created for international talent, post-grads with experience in STEM or ICT will be fast-tracked for residency.
- Support for Aussies wanting to take their ideas international, through a $36m ‘Global Innovation Strategy’
- $48m Science Technology Engineering and Mathematics (STEM) literacy program.
- $14m to encourage women and girls into the sector and $51m for to promote “digital literacy.”
“Unlike a mining boom, it is a boom that can continue forever, it is limited only by our imagination, and I know that Australians believe in themselves, I know that we are a creative and imaginative nation.”
#ideasboom hand sanitiser that kills only 0.01% of germs but like the 0.01% that the other one doesn’t
— Jo Thornely (@jothornely) December 7, 2015
Let’s all do nangs #ideasboom
— Merry Lex-mas y’all (@lexisprettygood) December 7, 2015
memes that cure psoriasis #ideasboom
— Dee (@figgled) December 7, 2015
Boom boom boom
let’s go back to my room
so we can do it all night
and you can make me feel right
#ideasboom
— one of many daves (@altvarg) December 7, 2015
Something so great I am not going to tell you what it is in case you steal it. #ideasboom
— Simon Payne (@SimonPa50494208) December 7, 2015
BUSINESS
NEEDS
NBN
#ThreeWordSlogans pic.twitter.com/0DEnlANnON
— Disruptive Noely (@YaThinkN) December 7, 2015
Me advising politicians/staffers if their dank memes capture the zeitgeist or are hot trash, as a service #ideasboom
— Ewan Nurse (@EwanNurse) December 7, 2015
@swearyanthony ibis proof bins #ideasboom
— Mick Fong (@_midofo_) December 7, 2015
Three words
Full stop
Three words
Full stop
Three words
[pause]
Well, what are you looking at?
#ideasboom. pic.twitter.com/mDLyZzsUQV
— Rodney Gordon (@rwgordon) December 7, 2015
Dump the entire billion into Clive Palmer’s dinosaur park. #ideasboom
— Jess Wheeler (@wheelswordsmith) December 7, 2015
Start a hashtag to promote a half baked government initiative #ideasboom
— Ben Jedrej (@BenJedrej) December 7, 2015
one day my kids will ask me daddy what did you do in the #ideasboom and i will say kids i did what i had to do… for innovation
— Adam Liaw (@adamliaw) December 7, 2015
Roast chicken scented candles #ideasboom
— Anastasia Glushko (@fluffapalooza) December 7, 2015
#ideasboom build huge radar dish to broadcast “The Castle” into deep space for alien civilisations to witness.
— Jung Thug (@ATTLien) December 7, 2015
A megaphone you put on your butt, so that when you fart, all people can hear is Professor Frink yell “I’M FARTING”. #ideasboom
— Leigh Albon (@lbalbon) December 7, 2015
All ideas must be submitted through Internet Explorer #ideasboom
— Ainsindahouse (@ainsindahouse) December 7, 2015
#ideasboom https://t.co/ssGxIveQ3u
— Oat Mc….Xmas? (@PattusM) December 7, 2015
Monorail #IdeasBoom
— Pepe (@pepeMcGee) December 7, 2015
Me telling what @realDonaldTrump& @RealBenCarson have done this week while we’re at the pub,as a service,plenty of pro bono exp. #ideasboom
— Ewan Nurse (@EwanNurse) December 7, 2015
#ideasboom make “beer before bong you’re in the wrong/bong before beer you’re in the clear” part of the national curriculum.
— Jung Thug (@ATTLien) December 7, 2015
submarines for dogs #ideasboom
— thomas violence (@thomas_violence) December 7, 2015
Full details of Malcolm Turnbull’s EXCITING #ideasboom, via Turnbull’s #NBN: https://t.co/Q3dkHjg509 #auspol pic.twitter.com/Zz0nSkaqXQ
— U Bet I’m Gone❗? (@johndory49) December 7, 2015
OG Photo: Twitter.