- Election commitment delivered
- $16.7 million New Industries Fund to support innovation and Western Australian jobs
- New Industries Fund a central part of the McGowan Government's Plan for Jobs
- Joondalup to be site of Innovation Hub, with a focus on cyber security
Premier Mark McGowan and Innovation and ICT Minister Dave Kelly today unveiled a $16.7 million New Industries Fund, delivering on an election commitment to create Western Australian jobs through innovation.
The fund will support and accelerate new and emerging businesses in WA through a series of new initiatives, including Innovation Hubs and Science Industry Fellowships, that are designed to increase collaboration across industry, academia and government.
One of the first initiatives to be supported by the fund is the Joondalup Innovation Hub, which will bring together the public, private and research sectors to work in an area of existing strength for WA - cyber security.
The State Government has provided $800,000 from the fund to support the establishment of the Joondalup Innovation Hub.
In the future, spending from the fund will be guided by input from the innovation sector including $4.5 million allocated to regional areas.
Current successful initiatives such as the Innovator of the Year and Innovation Vouchers programs will also be supported by the fund, but with a renewed focus on creating WA jobs.
For more information, visit http://www.newindustries.wa.gov.au
Comments attributed to Premier Mark McGowan:
"I am pleased to announce the launch of the New Industries Fund which will support and accelerate new and emerging businesses, to diversify the economy and create WA jobs.
"The fund is a key component of the State Government's Plan for Jobs, which will create a more vibrant and diversified economy for the benefit of all Western Australians.
"It's vital that WA is an active player in the innovation economy, and that as a Government we ensure new industries have every opportunity to thrive and grow."
Comments attributed to Innovation and ICT Minister Dave Kelly:
"Innovation Hubs bring a critical mass of people together with access to expertise and facilities, making better use of talent and technology.
"Edith Cowan University is a world-leader in cyber security research and training, and the City of Joondalup has been a longstanding supporter of innovation and economic development.
"This Joondalup Innovation Hub will capitalise on the rapidly growing cybersecurity industry and our local competitive advantages to create WA jobs and educational opportunities."
Premier's office - 6552 5000
Innovation and ICT Minister's office - 6552 6100