The Albanese government is investing heavily in areas of energy “transformation” and focusing on the nation’s future through “electrification”.
St Baker Energy Innovation Fund Founder Trevor St Baker says investment start-ups should be careful not to rely too heavily on government funding.
“If a company has to rely heavily on government investing business, then they’d be going nowhere anyway,” Mr Baker told Sky News Australia. “If it’s relying on them supporting banking local private sector investment going in, it would be better but it’s not going to risk its public money, taxation money.”
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