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What keeps Budget Fundings for Digital Economy Innovation from being accessible and deployed ?

Former Community Member
Former Community Member

The Australian Government has promised more than $1.5 Billion for the Digital Economy and keeps promising that it is going to create jobs for more than 3 million people, and a Tax Cut to 17% for companies investing in the Digital Economy Innovation.



Whilst a good policy in paper, but is this ever going to be achieved? Or is this only going to be a declaration just out of reach? Right now, with my innovation of Zapaat, I need at least 5 more people to work with me. But not having the money to pay for it, leaves this huge gap between the Budget expectations and its economic realizations. How is it that Zapaat needs 5 people to work on it, the Government having promised fundings for it - and yet, this is not accessible to Zapaat or the potential job seekers? What is the 'missing bridge' that keeps away the innovation, the declared budget funding and its reach to those who are promised so...?



www.abc.net.au/.../13337336


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  • 0
    I think you are asking 2 questions,


    Question 1 about the wisdom or otherwise about central government diverting money, mostly raised by taxing people doing profitable work, into things that are at the moment unprofitable, but they are hoping will pay back handsomely once started, either financially or by some general benefit to the public who are funding it. (And the side question, if things are not going to pay back in any sensible time frame, or it becomes obvious that something once started is actually not as useful as first thought,  then how do we ensure that money  can be then re-directed in a timely way  into other things that are more beneficial)

    This is complex, as without the means to see into the future, it is sure that with a limited pot of money to  invest, some ideas that are backed will fail, and perhaps that some that are not backed may well have succeeded.


    Question 2 Why you personally  have a business plan that requires you to employ staff you cannot afford to pay - I presume future profits are far from sure, so you cannot borrow on the strength of that.

    (And as I know nothing about that, I cannot comment on it.)

    M.
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  • 0
    I think you are asking 2 questions,


    Question 1 about the wisdom or otherwise about central government diverting money, mostly raised by taxing people doing profitable work, into things that are at the moment unprofitable, but they are hoping will pay back handsomely once started, either financially or by some general benefit to the public who are funding it. (And the side question, if things are not going to pay back in any sensible time frame, or it becomes obvious that something once started is actually not as useful as first thought,  then how do we ensure that money  can be then re-directed in a timely way  into other things that are more beneficial)

    This is complex, as without the means to see into the future, it is sure that with a limited pot of money to  invest, some ideas that are backed will fail, and perhaps that some that are not backed may well have succeeded.


    Question 2 Why you personally  have a business plan that requires you to employ staff you cannot afford to pay - I presume future profits are far from sure, so you cannot borrow on the strength of that.

    (And as I know nothing about that, I cannot comment on it.)

    M.
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