$28 Million Innovation Investment Drives Smart Solutions
Source: Victoria. Minister for Innovation. Media Release
"The Brumby Government launched its $28 million Smart Small to Medium-sized Enterprises (SMEs) Market Validation Program to help turn Victorian technology ideas into innovative new products and services. Speaking at the National ICT Australia (NICTA) Victoria Research Laboratory (VRL), Innovation Minister Gavin Jennings said Victoria is set to benefit from a new funding partnership between government agencies and Victoria’s R&D sector. “The Brumby Government is taking action to boost our leading technology research and development sector to generate economic benefits, and job growth in Victoria,” Mr Jennings said.“The Smart SMEs Market Validation Program will help Victorian industry to develop and commercialise products and services and take them into the market place.” The Smart SMEs Market Validation Program is part of the $300 million Victorian Innovation Statement, Innovation: Victoria’s Future announced in August 2008. "