Support the development of critical technologies in Australia to drive economic growth, boost technology industries and support the creation of new jobs.
The Government will provide $116.0 million over 5 years from 2022-23 to support the development of critical technologies in Australia to drive economic growth, boost technology industries and support the creation of new jobs. Funding includes:
* $101.2 million over 5 years from 2022-23 to support businesses to integrate quantum and artificial intelligence (AI) technologies into their operations, through: - a Critical Technologies Challenge Program, which will support projects that use critical technologies to solve significant national challenges, and will commence with a focus on projects that use quantum computing - extending the National AI Centre and its role in supporting responsible AI usage through developing governance and industry capabilities - establishing an Australian Centre for Quantum Growth to support ecosystem growth and commercialisation in Australia's quantum industry - supporting small and medium enterprises' adoption of AI technologies to improve business processes and increase trade competitiveness
* $14.8 million over 4 years from 2023-24 to establish the Powering Australia Industry Growth Centre to develop advanced technology and skills as part of the Government's Australian Made Battery Plan. This measure will be fully offset by redirecting funding from within the Industry, Science and Resources Portfolio. Industry, Science and Resources |