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David Skellern, CEO of NICTA, said the Federal government's decision to ditch the AU$707 million Commercial Ready scheme a SME grants program that subsidised the costs of innovative projects will be a significant blow to innovation in Australia.
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Commercial Ready, a SME grants program that subsidised innovation and commercialisation, was scrapped in this week's federal Budget a move that will save AU$707 million over four years.
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David Skellern, CEO of NICTA said the Federal Government's AU$707 million slash of Commercial Ready, a SME grants program that subsidised innovation and commercialisation, will be a significant blow to innovation in Australia.
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