Shadow Minister in Bendigo for local industry policy announcement

Federal Member for Bendigo, Lisa Chesters MP, will today hold an innovation and advanced manufacturing round table with leaders from local industry and Shadow Minister for Higher Education, Research, Innovation and Industry, Senator Kim Carr. 

Industry stakeholders will learn direct from the Shadow Minister about Labor's plans and discuss how these policy commitments could assist the growth of local industry. 

“It’s a chance for Bendigo to show it is a city with a strong future in advanced manufacturing, one which hosts the global operations of innovative firms like Keech, right here in regional Victoria," said Lisa Chesters MP. 

“We know the most competitive companies, the most efficient economies and the most resilient societies are those which harness knowledge and innovation the best. 

“The science race, the race for the jobs of the future, the race to the top has begun and Bendigo is well placed to help lead Australia,” said Ms Chesters. 

Labor will establish a $500 million Smart Investment Fund to partner with venture capitalists and fund managers to invest in early stage innovation and high potential companies. 

Labor will also work with the banks and finance industry to establish a Start-up Finance scheme, providing a partial guarantee to help more Australians convert their great ideas into good businesses. 

“Only Labor understands the importance of innovation and we will continue to work with stakeholders to develop a strong and sustainable national innovation system,” said Ms Chesters. 

Senator Carr will tour the Keech Innovation Centre in East Bendigo where he will see first-hand how advanced technology, such as 3D printing, is being used to support a wide range of industries and innovators. The roundtable will take place at the office of Lisa Chesters this afternoon.