Arthur Sinodinos (NSW, Liberal Party, Cabinet Secretary) Share this | Hansard source

In addition to the Synchrotron in the science space, the government is investing more than $290 million in the Square Kilometre Array. This is an international science project involving 10 countries which will see hundreds of thousands of antennas across Australia and South Africa, with 130,000 antennas right here in Australia. The data that the SKA is expected to process will exceed the world's current total internet traffic and give us the highest resolution images of the Milky Way in astronomical history.

We have also launched a $500 million biomedical translation fund with $250 million of Commonwealth funding matched by the private sector—a key example of how the government delivers bang for the taxpayer's buck. We are investing in new ideas through our Entrepreneurs' Program, angel investment tax incentives and, as I mentioned earlier, the Global Innovation Strategy.