Australia is still lagging behind other developed countries in investment in tech start-up ventures, with a fall in matching government funding as well as under-investment by the private sector.
The Australian Information Industry Association (AIIA) has warned that investor confidence in continued support for start-up businesses in the ICT sector, and across all parts of the economy, could take a hit if Commercialisation Australia falls victim to budget cuts in the Federal Government’s May budget.
Communications solutions provider, Whispir, has been awarded a $2 million Commercialisation Australia Grant by the federal government to develop its $4.5 million OpenWhispir product - a next-generation solution, combining the company's latest developments in web and social collaboration with its advanced communications technologies.
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