The NSW budget has put a price on moving everyone out of the Sydney Startup Hub in the CBD to Tech Central 2km away: $5 million. That cost represents around 13% of the funding for Tech Central announced by treasurer Daniel Mookey in Tuesday’s budget. A line item in Budget Paper 3 on infrastructure spending… Read more »
The NSW budget, announced tomorrow, includes nearly $80 million of new funding in response to the recently released Innovation Blueprint. The third Labor budget from treasurer Daniel Mookhey is the first time the Minns government has made a notable, yet modest, investment in the startup and tech sector. For comparison, the recent South Australian budget… Read more »
There was next to nothing for the tech and startup sector in the 2025 federal budget as the Labor government prepares to call an election and seek a second term. For the second year in a row, the government has delivered little for the startup sector and it does not feature specifically in the budget.… Read more »
* No, SFA is not an acronym of Startup Funding Announcements. As we said last year. Nothing. Nada. Zip. Again. You won’t find the word startup in the 2025 federal budget papers. Innovation is mentioned seven times in Budget Paper 1 and an eighth time in Paper No. 2 – referencing “the 2024–25 Budget measure… Read more »
The Albanese government’s fourth budget is a pitch for the votes of a sour and alienated electorate, framed against a background of extraordinary international uncertainty. US President Donald Trump isn’t mentioned by name. But he is the colossus in the background of this budget and indeed the imminent election campaign. While the opinion polls and… Read more »
Tuesday’s budget is a cautious and responsible response to the cost-of-living pressures facing voters. As noted ahead of budget night, many of the major spending initiatives had already been announced. But, in the only major surprise, there are income tax cuts for all income taxpayers. Even if we need to be patient. The new tax… Read more »
The founder of fintech PocketSmith believes ordinary Australians should be prioritised by the federal government through the Consumer Data Right (CDR) to address cost-of-living pressures. The call, by cofounder and CEO Jason Leong, follows a record 859 pre-Budget submissions to the Commonwealth Treasury, up from 789 last year, with more than a quarter highlighting the… Read more »
If startups were hoping that after 15 months in power, the NSW Labor government would finally move from cuts to investment in the sector, the state Budget, released on Tuesday, is best summed up by a line from Dante’s Inferno as they enter hell: abandon all hope, ye who enter here. Across the entire budget,… Read more »
The centrepiece of the NSW government’s business support in the 2024-25 Budget is the expansion of the Service NSW Business Bureau. However, the lack of substantial assistance to counter the rising cost of doing business has left business advocates scratching their heads. To further the reach of the Service NSW Business Bureau initiative, the government has… Read more »
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