Budget 2014 outcomes

Delivering his first budget, Federal Treasurer Joe Hockey maintained that one of Australia’s greatest strengths as a nation “is our capacity to innovate and invent, however a range of assistance programs will be drastically reduced.

Delivering significant cuts to the limited funds and programs that have offered the industry assistance over the years, the Government will start by abolishing a range of industry assistance programs, saving over $845 million, refocussing effort on innovation and self-reliance.

The official papers are online including a transcript of last night's speech.

StartupSmart ezine runs a full comment focused on the startup and innovation sector, and of course all the major news outlets are running hot today. Here are some to get you going:

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@startuptasmania tweeted this page. 2014-05-14 09:03:27 +1000
Startup Tasmania posted about Budet 2014 outcomes on Startup Tasmania's Facebook page 2014-05-14 09:03:27 +1000
Budet 2014 outcomes