Ah cool – yes – that is an error. Will fix
True re Abbott. MCA?
That was kind of the aim of the AIGF … but yeah, they didn’t precisely do it in the right way. Structurally separating out the funding into a separate, government-owned company (like a venture capital firm) which made investments and lent money, would have made the situation a lot more robust and strongly demonstrated the value – as such a company would obviously be responsible for its own financial return. It’s the perfect example of how a Government can cover market failure in any given space.
sigh this is a bit of a theme with The Frustrated State. Neither side of politics truly understands technology policy, which leads to constantly lost opportunities.
Apologies for taking so long to respond to your comment – been busy writing! But I wanted to thank you for posting it – very useful feedback