{"id":176803,"date":"2021-05-24T03:31:30","date_gmt":"2021-05-24T03:31:30","guid":{"rendered":"https:\/\/www.innovationaus.com\/?p=18470"},"modified":"2021-05-24T03:31:30","modified_gmt":"2021-05-24T03:31:30","slug":"industry-department-mulls-growth-centres-future","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2021\/05\/24\/industry-department-mulls-growth-centres-future\/","title":{"rendered":"Industry Department mulls Growth Centres\u2019 future"},"content":{"rendered":"
The Department of Industry<\/strong> is weighing a 2020 review of its Industry Growth Centres to determine their future, but the program looks set to continue until at least 2024.<\/p>\n An \u201cinitial impact evaluation\u201d of the government funded industry led centres was conducted last year and is currently under consideration by the Department. A full review is scheduled for 2023\/24.<\/p>\n The Industry Growth Centres Initiative was launched in 2013 by the Coalition Government and now includes six centres tasked with leading \u201ccultural change\u201d in their sectors and improving things like collaboration, commercialisation, skills and regulatory reform.<\/p>\n Originally, the growth centres aimed to be self-funded within four years but have relied on several extensions of government funding.<\/p>\n Currently the program is budgeted at more than 200 million for the next four years, including continued funding in the latest federal budget.<\/p>\n