#Research And Development
‘Less is more’ according to customer research
New research by The University of Western Australia finds customers prefer when businesses adopt the “less is more” mindset.
VentureCrowd and Uniseed Partnership announced to back ‘home-grown’ innovation
Australian company, VentureCrowd, announces partnership with Uniseed to support Australian research.
NSW Government launches R&D action plan
This week Premier Gladys Berejiklian launched the Turning Ideas into Jobs – Accelerating Research & Development in NSW Action Plan.
Qld company fined $4.25m for encouraging clients to exploit the R&D tax offset scheme
A Queensland company that secured millions in tax refunds for clients by exploiting the R&D tax incentive program has been ordered by the Federal Court to pay a $4.25 million fine to the Commissioner of Taxation. The Commissioner commenced action last year against Australian R&D Funds and Grants Services Pty Ltd, now known as International […]
NSW Government commits $2m to cyber security
The NSW Government is investing $2 million in a university-led cyber security network, with the aim being to protect the public sector and industry against cyberattacks. Announced by Minister for Finance, Victor Dominello, the NSW Cyber Security Council will bring together leading scientists and engineers from seven of the state’s universities to: harness the expertise […]
Innovation grants of up to $250k available to NSW tech businesses under Israel partnership
NSW businesses can apply for matched grants of up to $250,000 to support joint R&D projects between NSW and Israel, under an innovation program announced by Minister for Innovation Matt Kean. The Minister said the ‘NSW-Israel R&D Tech Innovation Program’ would open global opportunities to develop, commercialise and sell new products and services while building […]
R&D Tax Incentive registration deadline looms
The deadline for registering for the Research and Development Tax Incentive, which offsets some of the costs of eligible R&D activities, is Monday, 1 May, the Department of Industry, Innovation and Science has reminded businesses. “The deadline to apply for registration is 10 months after the end of a company’s income year,” the Department explained […]
Nine Steps to Build an Agile Business in 2017
Being agile in business today means you’re flexible, fast and adaptable. While agility has been a necessity in the fast-moving world of software development for some time, creating a structure that allows for rapid innovation is good for any business, regardless of the industry or functional area in which they operate. So how does an agile approach […]
R&D Tax Review report recommends capping refund available to start-ups at $2 millon
The Federal Government has encouraged businesses to submit feedback on findings from Research and development (R&D) Tax Incentive Review report, released this week Undertaken by Chair of Innovation Australia Bill Ferris, Australia’s Chief Scientist Alan Finkel and Secretary to the Treasury John Fraser, the review had the purpose of identifying opportunities to “improve the effectiveness […]
Get innovative to grow and allow for failure
I don’t like to fail, but I know it’s all part of the process. In order to succeed, you must first learn to fail. This mantra has enabled my company to experience rapid growth. Makinex wouldn’t exist if it wasn’t for a culture of innovation. We invest up to 10% of our turnover in research and development […]
Tax incentives for research and development – another reason to innovate
Recently, the Australian government acknowledged the importance of innovation by offering a new research and development tax incentive for innovative businesses, which allows business owners to claim up to 150% of their research and development expenses on their 2012 tax returns.
Small business urged to innovate under new incentive
The Gillard Government’s research and development tax incentive could allow thousands of small businesses to innovate and boost business operations.
Business invited to comment on R&D Tax Credit
Business owners are being invited to weigh in on how the R&D Tax Credit will be administered, with the tax now open for public consultation.
Government R&D Tax Credit changes the ‘death of innovation’
There is a deep sense of concern within the Australian business community that the long awaited revamp of the Federal Government’s R&D Tax Concession is actually little more than a thinly disguised mechanism for reigning in the Government’s estimated annual $1.4 billion spend on the program.