Malcolm Turnbull's innovation package offers tax breaks and school focus

Startups to get support and foreign students of maths, science and technology encouraged to stay, in package believed to be worth $1bn over four years

Malcolm Turnbull is set to expand on an early theme of his prime ministership by unveiling an "innovation" package believed to be worth more than $1bn over four years.

Guardian Australia understands the plan to be released in Canberra on Monday will include tax incentives for early-stage companies closely modelled on the "seed enterprise investment scheme" championed by the British chancellor George Osborne.