Industry and science minister Ed Husic attended the Tech Council of Australia's summit to announce upcoming investments from the National Reconstruction Fund (NRF).
After a year since its launch, the NRF is ready to make concrete investments and has requested a $300 million drawdown from the government.
The first investments from the NRF are expected to be in deep tech, and it co-invests with private equity and super funds.
The NRF aims to boost Australia's tech and manufacturing capabilities and has seven priority investment areas, including renewables, medical science, and transport.