A national biotech incubator is being set up in an Australia first following a $40 million grant from the federal government’s Medical Research Future Fund (MRFF) The incubator will be run by the Brandon Capital-managed Medical Research Commercialisation Fund (MRCF), which received the grant as part of $79 million in MRFF commercialisation grants to four… Read more »
Australia must develop a culture of innovation and ambition: Innovation and Science Australia launches 2030 Strategic Plan
Innovation and Science Australia has issued a “clarion call for national action” to see Australia become a top-tier innovation nation by 2030.
Australia is good at creating knowledge but not good enough at transferring or applying it, according to a performance review on Australia’s innovation presented to the government by federal advisory board Innovation and Science Australia (ISA). In what will surely not come as a surprise to anyone, the Performance Review of the Australian Innovation, Science… Read more »
Review of R&D Tax Incentive calls for $2 million cap on cash refund for startups and smaller businesses
A review of the R&D Tax Incentive has recommended the Government cap the R&D cash refund available to startups and small to medium enterprises at $2 million annually, while doubling the expenditure claim threshold of large corporates to $200 million.
Co-chairman of CHAMP Equity Bill Ferris has been appointed as chair of the new Innovation and Science Australia Board revealed today by Prime Minister Malcolm Turnbull and Minister for Industry, Innovation and Science Christopher Pyne.