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Business

Brandon How

Future Made in Australia: PM spruiks startup benefits

Australia Anthony Albanese Hydrogen

Scaling local startups will form a key part of the Future Made in Australia plan, according to the Prime Minister, who will next week introduce legislation for the flagship industrial policy.

On Thursday morning, Prime Minister Anthony Albanese said Future Made in Australia (FMiA) would capitalise on existing IP developed in Australia and “bring the innovators, the researchers, the new industries here”.

He told the Committee of Economic Development of Australia’s annual State of the Nation conference that Solar Sunshot and Hydrogen Headstart are two such FMiA programs designed to grow startups into medium-sized businesses.

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