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R&D Grant for Agrilink, SA, 16th May 2000: speech.



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Senator Nick Minchin, Minister for Industry, Science and Resources

R&D Grant for Agrilink, SA 16th May 2000

Recent Federal Government function in Adelaide to honour achievements of innovative South Australian companies  ●

South Australian companies taking good advantage of Federal Government programs to support innovation ●

AusIndustry provided $325m in Federal funding to South Australian companies last year ●

South Australian companies among the most innovative in the nation ●

Great pleasure today to honour another South Australian innovator and success story, Agrilink ●

Pleased to announce that Agrilink has won a Federal Government R&D grant of $3/4m ●

Grant is to help Agrilink develop its multi-purpose soil probe to test for moisture, salinity and nutrient levels ●

Competition for grants highly intense - great credit to Agrilink that it's been successful ●

Probe will be of great help to Australian agriculture ●

Help in management of greatest threat to Australian agriculture - salinity ●

Major assistance to Australian wine industry - great Australian ●

success story, headquartered here in South Australia

Innovation has been and will continue to be key to wine industry's success - and to companies like Agrilink which support the industry

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Increasing recognition across Australian industry of importance of innovation to wealth creation and commercial success

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Support for Innovation is at the core of Federal Industry Policy ●

Last weeks Budget provides some $850m for direct support for business innovation in next financial year ●

Legitimate and important role for Government in providing incentives for innovation ●

Rewards from successful Innovation wider than particular company - whole community benefits from jobs, exports, economic growth

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Therefore proper for the Government, on behalf of the community, to support business innovation ●

As we are with Agrilink, whom I congratulate on behalf of the Federal Government ●

The address of this page is http://www.isr.gov.au/speeches/2000/agrilink.doc

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