Kim Carr (Victoria, Australian Labor Party, Minister for Innovation, Industry, Science and Research) Share this | Hansard source

I am sure Senator Marshall has a longstanding interest in these areas, Senator Abetz. Enterprise Connect is about building small business innovation capacity. Commercialisation Australia is about turning small business inventions and discoveries into moneymaking goods and services. It is about turning good ideas into good jobs. Commercialisation Australia provides support for accessing skills and knowledge, for encouraging experienced executives—actually engaging them by paying CEOs—and for accessing new concepts and early-stage commercialisation activities.

Early-stage commercialisation support is available to firms who are turning over less than $20 million a year, and other components are made available to firms who are turning over less than $10 million. All of these measures come together. The government’s tax plan for our future will create the conditions for increased small business investment in innovation. (Time expired)