AusBiotech is considering responding to two current consultations and is seeking member feedback into the 'Inquiry into supporting Australia's exports and attracting investment' and 'Boosting Female Founders Initiative'.
Exporting and attracting investment
The Joint Standing Committee on Trade and Investment Growth has commenced an Inquiry into supporting Australia's exports and attracting investment. It is seeking special focus on new and rapidly growing areas of export.
The Committee Chair, Mr George Christensen MP, said, “As part of its inquiry, the Committee will consider the ambition of Australian businesses to grow via export and attract investment, local regulatory barriers, and examples of best practice regulation to support export and investment growth. The Committee is particularly interested in examining new and rapidly growing areas of export.”
AusBiotech seeks members’ thoughts on local regulatory barriers and examples of best practice regulation, to highlight how the life sciences sector can take advantage of export and investment opportunities. The industry is a significant and economically-important driver for Australia’s future and AusBiotech works to champion its growth potential.
Boosting Female Founders Initiative
The Department of Industry, Innovation and Science (DIIS) is developing a Boosting Female Founders Initiative. The programme will contribute to removing barriers for women’s economic participation in the workforce by providing access to finance for start-ups led by women.
Early-stage capital will be available for women engaging in innovative entrepreneurship to contribute towards building their start-ups, including $18 million of grants available over three years from 1 July 2020.
The DIIS has acknowledged that a one-size-fits-all set of criteria may not account for important differences across sectors. This is the opportunity for our life sciences sector to have a say, and help shape a programme that supports diversity among founders by encouraging the participation of female founders with businesses that experiencing barriers.