Home topics news Nick Northcott, Executive Director, Immediation. Source: Supplied Australian Budget 2020 News Startup Australian Budget 2020 What are startups looking to receive from the Federal Budget? Ellie Dudley October 6, 2020 With the announcement of the Federal Budget looming this evening, start-up executives are calling for more money to be invested into growing new companies, and policy surety in regards to the R&D tax incentive. Nick Northcott, the Executive Director of legal tech startup Immediation, has said that in order for startup businesses to gain traction and expand into global markets, they need more financial assistance from the government during the growth stage of the business. “What we actually need now is more support at a later stage than ideation,” he said. “Once the product has been validated, how do we support these early-stage companies to be the next big Canva or the next big Atlassian.” Referring to startup as “the next big export opportunity for the country”, Mr Northcott continues on to explain how startups and small businesses will be an economic booster for the Australian economy, as the ultimate provider of jobs. “$1.2 billion, has been bandied around for apprenticeship schemes and subsidising the cost of those apprenticeship schemes. That’s fantastic for trades. But what are the jobs of the future? And how are we subsidizing really smart, talented people into those jobs of the future?” “I would love to see schemes where we can take people who have already been invested in by the government