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
|