InnovationAus

InnovationAus is a standalone publication dedicated to covering how government policies influence technology-driven innovation in Australia's key industries. It addresses sectors such as mining, agriculture, financial services, MedTech, cyber security, and advanced manufacturing. The reporting highlights opportunities that align with Australia’s strategic goals and serves as a bridge between government entities, institutional researchers, investors, entrepreneurs, and the broader business community.

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Dave Sharma sounds alarm on restrictive AI regulation

2 weeks ago | innovationaus.com | James Riley

Senator Dave Sharma has warned against Australia adopting a risk-averse approach to the regulation of artificial intelligence, which would stymie business take up of a technology that is evolving much faster than people in this country realise. The newly appointed shadow assistant minister for Competition, Charities and the Treasury said his focus in the current parliament would be to press for policy action on improving Australia’s lagging productivity.
EU launches new strategy, seeks global digital alliances

3 weeks ago | innovationaus.com | James Riley

The European Union has launched a new International Digital Strategy with a commitment to promoting a rules-based global digital order and working with like-minded partners to offset a period of turbulence in trade relations with the US. The European Commission’s vice-president for Tech Sovereignty, Security and Democracy Henna Virkkunen launched the International Digital Strategy on Thursday.
Australia has outgrown its early-stage VC tax breaks, Tech Council says

3 weeks ago | innovationaus.com | Justin Hendry

Australia’s startup ecosystem has outgrown the venture capital tax breaks on offer to boost early-stage tech investment, and are now acting as a handbrake as companies level up. That’s according to the Tech Council of Australia, which has flagged the need to re-energise the federal government’s Early Stage Venture Capital Limited Partnership (ESVCLP) program.
Tech service giants carve out $67m more from delayed aged systems

3 weeks ago | innovationaus.com | Joseph Brookes

Multi-national tech service suppliers for the government’s $1.2 billion aged care digital uplift booked lucrative extensions worth at least $67 million just months out from the planned go live date. The technology launch has since been pushed back as part of a delay to the landmark aged care reforms revealed this week. It came after the sector warned it needed more time and information to get workers and systems ready.
Tech giants' indirect emissions climb 150pc in three years

3 weeks ago | innovationaus.com | Justin Hendry

Indirect carbon emissions from the operations of four of the leading AI-focused tech companies rose on average by 150 per cent from 2020-2023, due to the demands of power-hungry data centres, a United Nations report said on Thursday. The use of artificial intelligence by drove up their global indirect emissions because of the vast amounts of energy required to power data centres, the report by the International Telecommunication Union (ITU), the UN agency for digital technologies, said.
News Wrap: AI, the workplace, and unions want their say

3 weeks ago | innovationaus.com | James Riley

Industry and Innovation minister Tim Ayres gave the opening address at the AFR AI Summit in Sydney this week, telling the business audience that Australia must “lean in” to the opportunities of artificial intelligence. The presentation included a commitment from the government to work with the union movement to give them more of a voice in discussions about the impact of AI in the workplace.
SA funds 'proof of value' AI trials, sets up new VC fund

3 weeks ago | innovationaus.com | Justin Hendry

A series of “proof of value” AI trials will be conducted across the South Australian public sector as part of a new government program funded in the state Budget on Thursday. The trials, which will cost $28 million over the next four years, will target “high priority areas” like healthcare, where AI could automate administrative tasks and free up clinician time.
Call for AI inventories as tech sprawls across universities

3 weeks ago | innovationaus.com | Joseph Brookes

Artificial intelligence is being deployed across NSW universities without central oversight, policies or strategies, leaving several institutions without a “complete understanding” of their use, a new audit has revealed. Only six of the state’s 10 public universities are identifying and documenting all the AI tools they implement. But even then, many still lacked complete details like a responsible owner or testing guidance.
Australia scrapped a key STEM equity program. Where are we now?

3 weeks ago | innovationaus.com | Joseph Brookes

In June 2024, the Australian government ended the Women in STEM Ambassador program. The decision followed a report that urged a broader, intersectional approach to diversity in the fields of science, technology, engineering and maths (STEM). For six years, under the leadership of astrophysicist Lisa Harvey-Smith, the program contributed to research, tools and resources aimed at breaking down structural barriers that limit women’s and girls’ participation in STEM education and careers.
Apple loses US bid to pause app store reform order

3 weeks ago | innovationaus.com | Justin Hendry

Apple on Wednesday (Thursday AEST) failed to persuade a US appeals court to pause key parts of a federal judge’s order requiring the iPhone maker to immediately open its lucrative App Store to more competition. The 9th US Circuit Court of Appeals rejected Apple’s request to put the provisions on hold as the tech company appeals the judge’s order, which came in a long-running antitrust lawsuit brought by “Fortnite” maker Epic Games.