Sinodinos was appointed as Industry, Innovation and Science Minister to replace Greg Hunt who will become Health and Sport Minister after Sussan Ley resigned amid an expenses scandal.
The innovation portfolio is important to Australia’s technology sector, including start-ups, who have previously called for greater focus on innovation by all levels of government.
Sinodinos will be responsible for ushering the government’s crowd-sourced equity funding legislation through parliament and will be involved in putting together policies for the government’s second wave of its innovation and science agenda.
"StartupAUS warmly welcomes Arthur Sinodinos to the innovation portfolio. This is a critical time for innovation and start-ups, and we need to make sure we don’t lose momentum as a result of political change,” McCauley said.
“We expect the government to keep moving swiftly towards delivering the second wave of the National Innovation and Science Agenda (NISA) and we look forward to working with Minister Sinodinos to drive new sources of economic growth and ensure that its policies deliver the innovation, the investment, and the technology that will secure Australia’s future.”
Sinodinos’ appointment was also welcomed by the ACS, the professional association for Australia’s ICT sector, which has called for the government to take the lead and work with industry on addressing the needs of Australia’s emerging digital economy.
ACS president Anthony Wong said the innovation portfolio had been identified by the government as critical to generating the jobs of the future “as Australia transforms federal key areas into a knowledge-based economy driven by technology, innovation and digital skills”.
“The ACS looks forward to working with Minister Sinodinos on the second wave of the National Innovation and Science Agenda (NISA) to leverage new sources of growth to take full advantage of our growing digital economy.
“As a priority, the ACS calls on Minister Sinodinos to address Australia’s digital skills mix and work collaboratively with industry, educational institutions and key stakeholders to boost digital literacy and ensure Australia’s pool of ICT talent continues to grow and be world class. This will be necessary as Australia continues its transition to a digital economy.”