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NICTA gets $42 million extra funding

NICTA gets $42 million extra funding

To aid the digital economy, research, development of IT products and building more local IT companies

NICTA has received an extra $42 million in 2015-2016 from the Rudd Government to help support the digital economy.

This brings the total Rudd Government investment in NICTA to $130 million during the next three years. The funding is already included in the Budget.

“With more than 580 researchers, technical and professional staff, 260 PhD students working across 30 research projects, training and commercialisation activities and partnerships with 17 universities, NICTA brings both scale and depth to Australia’s ICT research,” Minister Assisting for the Digital Economy, Senator Kate Lundy, said.

“This funding will enable NICTA to continue its world-class research, develop globally competitive ICT products, build innovative Australian ICT companies and continue its PhD program.”

Since 2002 through to 2015, NICTA would have received $564.5 million in Government funding.

Some of its major achievements since 2002 include:

  • The Bionic Eye – NICTA is a key member of a national consortium developing a bionic eye to improve the sight of visually impaired Australians.
  • NICTA’s OKL4 microkernel – a crash proof operating system for mobile phones and internet devices that now runs in over 1.5 billion devices.
  • Saluda Medical Pty Limited – a NICTA spinoff company producing medical devices which stimulate the spinal cord to help relive chronic pain.
  • NICTA and global business consulting and technology services firm, Infosys’ joint research collaboration agreement to tackle business problems including cloud resiliency, infrastructure and disaster management, and logistics.
  • Working with Tip Top bakeries to implement the Cost to Serve Solution software in the transport and logistics sector to improve productivity and generate significant cost savings.
  • A smart maintenance system which continuously monitors the Sydney Harbour Bridge’s structural integrity for any weaknesses.

NICTA has also created 10 spinoff companies.

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