Scientific research and technological development will be turbocharged as part of a $117 million NSW Government investment to improve vital infrastructure and equipment that will support our world-leading scientists and innovators.
Treasurer Matt Kean MP said the Innovation Research Acceleration Program (IRAP) is part of the landmark Future Economy Fund, which was announced in the 2022-23 NSW Budget.
“The world’s biggest companies started with a simple idea, and this R&D acceleration program will help unlock opportunities, foster innovation and kickstart businesses that will create the industries and jobs of the future,” Mr Kean said.
“The Future Economy Fund will make strategic interventions and investments across the business life cycle, and the IRAP targets the critical first stage.”
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