New Industries Fund to support innovation and create WA jobs

by WA Government News | Nov 28, 2017
  • Election commitment delivered
  • $16.7 million New Industries Fund to support innovation and Western Australian jobs
  • New Industries Fund a central part of the McGowan Government's Plan for Jobs
  • Joondalup to be site of Innovation Hub, with a focus on cyber security 

Premier Mark McGowan and Innovation and ICT Minister Dave Kelly today unveiled a $16.7 million New Industries Fund, delivering on an election commitment to create Western Australian jobs through innovation.

The fund will support and accelerate new and emerging businesses in WA through a series of new initiatives, including Innovation Hubs and Science Industry Fellowships, that are designed to increase collaboration across industry, academia and government.

One of the first initiatives to be supported by the fund is the Joondalup Innovation Hub, which will bring together the public, private and research sectors to work in an area of existing strength for WA - cyber security.

The State Government has provided $800,000 from the fund to support the establishment of the Joondalup Innovation Hub.

In the future, spending from the fund will be guided by input from the innovation sector including $4.5 million allocated to regional areas. 

Current successful initiatives such as the Innovator of the Year and Innovation Vouchers programs will also be supported by the fund, but with a renewed focus on creating WA jobs.

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