Back in December 2015, then Prime Minister Malcolm Turnbull launched his $1.1 billion National Innovation and Science Agenda under much fanfare.
According to Turnbull, this agenda would “invest $1.1 billion to incentivise innovation and entrepreneurship, reward risk taking, and promote science, maths and computing in schools”, and was to include tax concessions and tax breaks for those that engage in start-ups.
On the surface, the plan sounded quite good. However, Turnbull’s subsequent actions undermined his policy.
