Broadband Internet for the Antarctic and fuel-efficient engines to launch us into space are two of the projects being funded.
NASA will construct a second state-of-the-art antenna at the Canberra Deep Space Communications Complex at Tidbinbilla.
The Rudd Government announced a national framework to guide the safe development of new technologies, such as nanotechnology and biotechnology.
A Space Industry Innovation Council will be established to give the Australian Government strategic advice as it develops a national space policy and boosts support for space science and technology.
The Commonwealth Government is providing $26 million towards Australia's newest research supercomputer to be hosted at the Australian National University (ANU) and running in January 2010.