(Pictured: Innovation Australia as at 1 August 2012)
From left to right: Mr Gerard Noonan, Mr Innes Willox, Ms Fiona Pak-Poy, Dr Laurie Hammond, Mr David Miles AM (Chairman), Ms Elizabeth Lewis-Gray, The Minister for Industry and Innovation the Hon Greg Combet AM MP, Dr Nicholas Gruen, Mr Carlos Broens, Ms Chris Butler, Dr Peter Riddles, Mr Les Hosking, Dr Jonathan Spring, Mr Ken Windle and Mr Richard Shaddick.
Innovation Australia is an independent statutory body established to assist with the administration of the Australian Government's innovation and venture capital programs designed to support industry innovation.
Established on 27 September 2007, Innovation Australia is an amalgamation of the former Industry Research and Development (IR&D) Board and the Venture Capital Registration (VCR) Board (formerly known as the Pooled Development Funds Registration Board). On its establishment, Innovation Australia assumed the roles, responsibilities and powers of the two former Boards.
Innovation Australia assists in administering Australian Government innovation and investment programs namely:
Clean Technology Programs
- Clean Technology Food and Foundries Investment Program
- Clean Technology Innovation Program
- Clean Technology Investment Program
- Climate Ready
- Green Car Innovation Fund
- Re-tooling for Climate Change
- Renewable Energy Development Initiative (REDI)
R&D and Innovation
- R&D Tax Concession (including the R&D Tax Offset and 175% Premium (Incremental) Tax Concession)
- R&D Tax Incentive
- Commercialisation Australia Program (CA)
- Commercialising Emerging Technologies (COMET)
- Commercial Ready (including Commercial Ready Plus)
- Industry Cooperative Innovation Program (ICIP)
- R&D Start Program
Venture Capital Programs
- Innovation Investment Fund (IIF)
- Innovation Investment Follow-on Fund (IIFF)
- Early Stage Venture Capital Limited Partnerships (ESVCLP)
- Venture Capital Limited Partnerships (VCLP)
- Pooled Development Funds (PDF)
- Pre-Seed Fund (PSF)
- Renewable Energy Equity Fund (REEF)
Like its predecessor, Innovation Australia administers these programs through a number of committees that are formed to assist with the consideration of applications received under the innovation and venture capital programs.
Further information about Innovation Australia's activities, responsibilities and programs is available in the Innovation Australia Annual Reports.
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