Australia names Ferris innovation czar

Australia’s Turnbull government appoints venture capitalist Bill Ferris as innovation czar to advise them on how to support technology companies and startups.

Bill Ferris, co-chairman and co-founder of Champ Private Equity, has been appointed as the innovation czar to the Australian government, according to Afrweekend.

Ferris will head up Prime Minister Turnbull's innovation plans to support technology companies and startups in the country. The plan currently includes tax breaks and increased cooperation between businesses and the Commonwealth Scientific and Industrial Research Organisation (CSIRO).

CSIRO is the Australian national science agency. It was originally established as the Council for Scientific and Industrial Research in 1926.

The government plans to release its innovation statement in November 2015.

As part of his role, Ferris will advise Prime Minister Turnbull, Treasurer Scott Morrison and Innovation and Science Minister Christopher Pyne.

– Image courtesy of Champ Private Equity

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