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Parliamentary Questions


Question On Notice No. 6247 asked in the Legislative Assembly on 17 June 2020 by Mr W.R. Marmion

Question Directed to the: Minister for Water; Forestry; Innovation and ICT; Science; Youth
Parliament: 40 Session: 1


Question

I refer to the government's New Industries Fund (NIF) which was announced in November 2017 with funding allocated of $16.7 million over four years, and ask:
(a) Can the Minister advise the end of financial year balance of the NIF for the years 2017-18, 2018-19 and the year to date balance of the fund as at 31 March 2020;
(b) Can the Minister provide an estimate of the remaining balance of the fund at 30 June 2020;
(c) Can the Minister provide an expenditure break-down for each year that the fund has been operating for the allocation of funds for the following categories:
(i) Innovation Vouchers Program;
(ii) WA Innovator of the Year Program;
(iii) Regional Innovator Program;
(iv) Science Industry PhD Fellowship Program; and
(v) Other programs; and
(d) For (v) above, can the Minister advise where this expenditure or funding was allocated?

Answered on 8 September 2020

(a) End of financial year balance of New Industries Fund

2017-18:              $14,426,024

2018-19:              $9,860,958 

YTD balance as at 31 March 2020: $7,915,717                                                     

 

(b) Estimate of remaining balance of NIF at 30 June 2020: $5,759,588

 

(c) Expenditure break down

 

2017-18 ($)

2018-19 ($)

2019-20 ($)

(i) Innovation Vouchers Program

368,583

363,424

252,227

(ii) WA Innovator of the Year Program

-30,109

201,005

282,041

(iii) Regional Innovator Program (RNIF- administered by DPIRD)

500,000

2,000,000

0

(iv) Science Industry PhD Fellowship Program

40,000

191,662

275,952

(v) Other programs

967,727

1,477,737

2,858,117

 

(d) Expenditure breakdown for (v) above:

 

2017-18 ($)

2018-19 ($)

2019-20 ($)

Start it up Challenge

13,636

0

0

Sponsorship

39,091

22,500

44,500

Innovation hubs

700,000

1,030,000

1,230,000

Unsolicited Bids

215,000

150,390

65,000

Games Industry Growth Pilot

0

80,230

37,617

X-TEND Program

0

194,617

481,000

Renewable Hydrogen

0

0

1,000,000

TOTAL

967,727

1,477,737

2,858,117