The Australian Government's Innovation Report
The Australian Government's Innovation Report
The Australian Government's Innovation Report
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More information about the ANP can be found at: www.dcita.gov.au/ict/advanced_networks_program<br />
Intelligent Island Programme<br />
<strong>The</strong> $40 million Intelligent Island Programme is helping to develop an internationally competitive information<br />
and communications technology (ICT) sector in Tasmania. <strong>The</strong> programme is funded by the <strong>Australian</strong> Government<br />
from the second part-sale of Telstra and is administered by the Tasmanian Department of Economic Development.<br />
In December 2005, the <strong>Australian</strong> and Tasmanian governments jointly announced a new direction for the<br />
programme. Intelligent Island will support the establishment of an ICT centre in Tasmania by CSIRO. In addition,<br />
up to $18 million of Intelligent Island Programme funds are now being allocated to a new Market Access and<br />
Partnership Programme (MAPP).<br />
<strong>The</strong> CSIRO Tasmanian ICT Centre will conduct applied ICT research in the areas of sensor networks, data<br />
management and robotics. Funding for the Centre will be made up of $15 million from the Intelligent Island<br />
Programme with a further $15 million in cash and in-kind contributions provided by CSIRO.<br />
MAPP will provide funding support on a competitive basis to Tasmanian ICT companies to develop and commercialise<br />
their products for interstate and overseas markets. It will support activities such as product development,<br />
access to external markets and management and business skill acquisition. A percentage of MAPP funds (capped<br />
at 10%) will be allocated to activities deemed to be of benefit to the Tasmanian ICT industry. On 24 May 2006,<br />
the <strong>Australian</strong> and Tasmanian governments launched MAPP and invited expressions of interest for funding.<br />
More information about the Intelligent Island Programme can be found at:<br />
www.development.tas.gov.au/intelligent/index.html<br />
ICT Incubators Programme<br />
<strong>The</strong> ICT Incubators Programme (ICTIP) is a $36 million programme designed to support better-performing<br />
incubators previously funded under the Building on IT Strengths (BITS) programme.<br />
ICTIP will help these incubators continue to make a significant contribution to the national innovation system by:<br />
• identifying and supporting high potential ICT start-ups;<br />
• facilitating growth in employment, revenue and exports for the ICT start-ups;<br />
• assisting the ICT start-ups to secure financial and other support from third party sources (including<br />
venture capital firms, private investors, other technology firms, universities and government);<br />
• establishing mutually beneficial linkages with other elements of the <strong>Australian</strong> innovation system; and<br />
• adopting strategies to achieve ongoing financial self-reliance without further <strong>Australian</strong> Government<br />
support beyond the period of the programme extension.<br />
ICT incubators provide seed capital and business advice and help to raise follow-on capital to accelerate the<br />
growth of start-up ICT companies. Incubators have provided assistance to a number of firms that have gone on<br />
to win major national and international contracts, industry awards and attract considerable co-investment.<br />
In 2004-05, incubators funded under the ICTIP reported:<br />
• 640 applications, bringing the total applications under the BITS incubator programme and ICTIP to 4865;<br />
• 32 ICT companies being accepted into the ICTIP as incubatees bringing the total over both programmes to 376;<br />
• 35 incubatees completing agreed business milestones bringing the total to 223 over both programmes;<br />
• raising over $42 million in private co-investment for their incubatee companies, which brought the<br />
five-year total over both programmes to more than $169 million; and<br />
• winning more than $14 million in government grants, which brought the five-year total over both<br />
programmes to more than $38 million.<br />
Chapter 2 - Initiatives for a dynamic national innovation system 65