The Turnbull government's innovation statement was released on Monday. Here's what's on offer:
1. Stable science investment: By far the largest funding is reserved to provide stable funding for science infrastructure, previously funded year to year. At one stage as education minister, Christopher Pyne threatened this funding unless the federal parliament agreed to the Coalition's deregulation agenda. Now, it will receive $459 million in total over four years, with most funding kicking in from 2017.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
