delete The Advanced Research and Invention Agency Act 2022 (Commencement) Regulations 2023
Commencement regulations bringing the Advanced Research and Invention Agency Act 2022 into force on 25th January 2023. The underlying Act established ARIA, a new government body to fund high-risk, high-reward research modelled on DARPA.
This regulation merely activates the ARIA Act, which creates a new government body empowered to allocate research funding based on bureaucratic discretion rather than market signals. Government selection of 'winners' in research distorts the innovation market, misallocates capital through political processes, and uses taxpayer funds seized through coercion rather than voluntary investment. The discovery of valuable innovations is better left to market forces where entrepreneurs and investors bear the risks and rewards of their choices. While well-intentioned, such agencies inevitably become vehicles for politicised allocation of scarce research resources.