Greens vow $15b for innovation investment

The Australian Greens would require Australia's sovereign wealth fund to invest up to $15 billion in local innovation over four years.

In the latest in a string of policy announcements, the minor party will mandate three per cent of Future Fund investment be in Australian innovation.

The Greens would also reinstate $389 million to the Entrepreneur's Infrastructure Program and pour $679 million over four years into getting kids to study science, technology, engineering and maths subjects.

"We want to boost the numbers of children, particularly girls, being inspired to take up careers in STEM fields, which will encourage innovation in Australia in the long term," innovation spokesman Nick McKim said.

The plan would also create an innovation commissioner, who would work with industry, researchers and government agencies to create an innovation agenda.

The Greens also want to see changes to corporation laws to increase investor caps for crowdfunding.