Australian companies face five key barriers to unlocking value in innovation in a new report from the CSIRO. Talking to private and public sector leaders, the Value of science and technology report by the CSIRO Futures team, identified a range of issues, including declining investment in innovation – despite the push into tackling Covid-19 in 2020… Read more »
The Research and Development Tax Incentive (R&DTI) program is one of the most crucial yet fraught programs supporting the growth of Australian startups. The R&DTI helps offset some of the costs that businesses invest into eligible R&D and the Department of Industry, Science, Energy and Resources is looking at reforms to improve how companies engage… Read more »
Australian Small Business and Family Enterprise Ombudsman Kate Carnell has recommended a suite of reforms to how the beleaguered Research and Development Tax Incentive (R&DTI) in a report released yesterday. The program has caused alarm in the startup sector since the government announced changes to it in the 2018 Budget, looking to save $2.9… Read more »
The Australian government is offering researchers and businesses up to take their products global under round four of its Global Connections Fund (GCF) Bridging Grants. Minister for Industry, Science and Technology Karen Andrews said the grants are designed to strengthen international partnerships between small businesses and researchers. “Connecting small and medium enterprises with the research… Read more »
The Australian startup community has welcomed the return of the Morrison government following its surprise election win, despite the fact that the sector barely rated a mention from the Coalition during the campaign Alex McCauley, CEO of the peak national advocacy group for startups, StartupAUS, said he hoped the result would deliver “a period of… Read more »
R&D investment in Australia has now been in decline for a decade and sits below the OECD average Labor wants to increase the figure from the current 1.9% of GDP to 3% by 2030 Businesses collaborating with universities or CSIRO scientists will receive a 10% premium R&D tax incentive The proposal is expected to cost… Read more »
NBN Co has announced partnerships with the University of Melbourne and the University of Technology Sydney focused on research and development (R&D).
Business management software provider Pronto Software has invested $1.3 million into Melbourne cybersecurity startup Forticode, and signed on to partner with the startup on the further development of its smartphone authentication system.
After 18 months in New York, logistics software startup GetSwift is heading back home to open its global HQ in Melbourne ahead of an ASX listing next month.
The Regional Collaborations Programme looks to encourage research organisations, universities, and ‘R&D intensive businesses’ to collaborate on new products with partners in the Asia Pacific.
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.