Is the Innovation Sector on the ASX Emerging Companies Index Losing Key Policy Support?

May 09, 2025 02:45 PM AEST | By Team Kalkine Media

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Is the Innovation Sector on the ASX Emerging Companies Index Losing Key Policy Support? — Image source: Shutterstock

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Highlights

Ed Husic exits ministerial role overseeing Australia’s innovation and tech sector

Industry figures acknowledge his contribution to national venture initiatives

Change comes amid broader internal restructuring within the Labor Party

The innovation and technology sector, which includes many companies aligned with the ASX Emerging Companies ASX Index, is experiencing a shift in political representation following the departure of Ed Husic from his cabinet role. Husic served as Minister for Industry and had a visible presence in discussions related to venture development, technology advancement, and startup funding frameworks across Australia.

Cabinet Reshuffle Alters Venture Capital Engagement

Husic’s exit follows internal restructuring within the Labor Party that led to a change in portfolio assignments. Industry representatives from venture capital firms such as Airtree, Blackbird, and Main Sequence have acknowledged his prior involvement in promoting technology ecosystems and startup accessibility. His exit is part of broader political adjustments rather than policy-specific outcomes.

Sector Stakeholders Refer to Consistent Engagement

Throughout his tenure, Husic maintained regular communication with participants across Australia’s innovation pipeline. His cabinet leadership included support for development programs and initiatives aimed at strengthening national capabilities in research commercialisation, deep tech, and clean energy startups. While these efforts were part of broader government strategies, his role drew recognition from industry stakeholders.

Changes Follow Broader Industry and Policy Momentum

The reshuffle occurs during a period of increasing attention on scaling technology and digital infrastructure domestically. Although ministerial portfolios have shifted, existing strategies related to research funding, technology commercialisation, and talent attraction are likely to continue under different leadership. The innovation sector remains a core part of the national industry development agenda.

Innovation Sector Continues to Evolve

With many technology-focused businesses listed on indexes such as the ASX Emerging Companies Index, the relationship between government policy and capital support remains a topic of interest. While individual ministers rotate through leadership roles, frameworks supporting early-stage business growth, such as venture pathways and R&D incentives, continue to play a role in the development landscape.

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