Increased commitment will cover new pledges and confirmed bids for an additional 12 months through FY21/22.
Business Events Australia is set to bolster the Australian business events sector and drive demand for future international business with the announcement of additional funding for the Bid Fund Program and a new video series showcasing Australian innovation.
Federal Minister for Trade, Tourism and Investment Dan Tehan said the business events sector contributed AUD36 billion (USD27.8 billion) to the Australian economy before COVID-19.
“Since its launch in 2018, the Business Events Bid Fund Program has helped attract 40 international events to Australia worth approximately AUD411 million in economic value,” Mr Tehan said. He also shared that they will showcase Australian innovation to event planners in North America, United Kingdom and Europe to secure more international events.
The additional AUD3 million commitment to the Bid Fund Program will cover new pledges and confirmed bids for an additional 12 months through FY21/22. It complements the AUD50 million Business Events Grants Program that supports local businesses to attend local business events, conventions, trade shows and conferences, as well as the AUD1.2 billion aviation and tourism support package designed to turbocharge domestic tourism spending.
Tourism Australia encourages interested parties to visit and apply through the Business Events Australia website. Applications are currently open and close on 30 June 2022.
Australia Innovates launched to demonstrate Australia’s wide-ranging expertise
The latest instalment of Business Events Australia’s Australia Innovates content initiative has been launched as a video series, showcasing innovation throughout Australia that continues to transform industries and deliver world-firsts.
The documentary-style video series is available on the Business Events website and showcases six Australians pursuing research, discovery, invention, innovation and intervention across several knowledge sectors, including artificial intelligence, health, nanotechnology, environmental restoration and advanced manufacturing.
“Our Australia Innovates videos series highlights Australia’s expertise across a wide range of fields, positioning us as a world-leading association meetings destination where delegates can experience innovation firsthand,” Ms Harrison said.
“Innovation in Australia is constantly thriving. Over a billion people around the world rely on pioneering Australians like Marine Biologist Prof. Peter L. Harrison, who developed a new technique to facilitate coral IVF on mass, increasing environmental restoration.”