❓ WA Parliamentary Question regarding the New Industries Fund (NIF) expenditure and balances from 2017-2020. The question seeks a detailed breakdown of fund allocation across various innovation programs.
AnsweredQoN 6247Legislative Assembly
Asked
17 June 2020
Member
Portfolio
Water; Forestry; Innovation and ICT; Science; Youth
QuestionView source ↗
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?
AnswerView source ↗
Answered
8 September 2020
Responded by
Minister for Water; Forestry; Innovation and ICT; Science; Youth
Response time
11 days
(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
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
Explore WA Government Data
Search the full archive in the free dashboard, or query programmatically via API.
Explore more
Government Gazette
Appointments, regulatory notices, planning changes.
Hansard
Debates, questions, speeches and sentiment.
Tabled Papers
Reports and documents tabled in Parliament.
Committees
Committee profiles and recent reports.
Regulations
Subsidiary legislation with filters and summaries.
Bills
Proposed laws and parliamentary progress.
Acts
Current WA legislation and summaries.
Explanatory Memoranda
Bills with EMs (text/PDF) available.
Members
MP profiles, party breakdown and rankings.
Pollie Rankings
Data-driven rankings across 19 categories.
Amendment Chains
Track how schemes and regulations evolve over time.