WA Govt industries fund to create more jobs

A new industries fund has been delivered by the Western Australian Government, designed to create jobs through innovation.

The $16.7 million fund will support and accelerate new and emerging businesses in WA through a series of new initiatives, including innovation hubs and science industry fellowships, which are designed to increase collaboration across industry, academia and government.

“It’s vital that WA is an active player in the innovation economy, and that as a government we ensure new industries have every opportunity to thrive and grow,” said Premier Mark McGowan.

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 — cybersecurity.

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.

For more information, visit http://www.newindustries.wa.gov.au.

Image credit: ©stock.adobe.com/au/chanpipat

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