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The program will pick five winners, each of whom would get $100,000, “based on the most progressive ideas that represent entrepreneurship and innovation around technologies, processes and business models.” Additionally, GE and its partners will help commercialise these ideas, which is where the bulk of the $10 million program will kick in.
Software provider MYOB has released several recent findings on SME dissatisfaction with the Government, but here's one that has particular resonance. Nearly half of all Australian small-to-medium business operators say they don't understand the full implications of the government's new carbon tax on their business. Of the 1,043 SMEs surveyed, 42% admitted that they did not understand the significance of the carbon tax well enough. Overall, 54% of respondents claimed they did understand the implications (17% 'very well' and 37% 'quite well'), while the remaining 4% didn't know.
The new calendar year is looming large. So, Dr Caroline Hong, Chief Executive Officer of the SME Association of Australia, decided it was high time to share her thinkings on upcoming trends for small to medium enterprises.
In this podcast, Sinclair Davidson presents his take on how the carbon tax could impact the economy. He characterises the tax as a ploy designed to change behaviour rather than generate revenue and questions the Government's proposed compensation to offset cost of living increases.
In this interview, Origin Energy Managing Director Grant King talks about his company’s plans for the future concerning the carbon tax and renewable energy, as well as the proposed hydroelectric project in conjunction with Papua New Guinea.