$185 Million to Boost Innovation for Businesses and Researchers in Victoria
Source: Victoria. Minister for Innovation. Media Release
"Two Brumby Government initiatives worth $185 million will expand and help commercialise Victoria’s world-class science, technology and innovation base. The new funding is part of Innovation: Victoria’s Future, the 2008 Innovation Statement launched by Premier John Brumby and Innovation Minister Gavin Jennings. Mr Jennings said the funding boost would give the sector the confidence it needs to plan for the future.
“Victoria has established a strong national and international reputation for excellence in science and technology so it is vital to invest in capabilities to effectively respond to health, sustainability and productivity challenges,” Mr Jennings said. The Brumby Government is taking action to boost innovation in Victoria through the $145 million Victoria’s Science Agenda and the $40 million Boosting Highly Innovative SMEs (Small to Medium-sized Enterprises) initiative."