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InnovationAus Analysis of Public Funding for R&D in USA Compared with Australia
August 29th, 2022A recent article by Dr John Howard on InnovationAus has highlighted a comparison between Public Funding for R&D in USA (following passage of a new act) against Australia. The article highlights that: The Chips for America Fund (US$52.7 billion) and recently enacted CHIPS and Science Act will authorise a five-year US$169.9 billion (A$245 billion) Research and Innovation Initiative – a US$82.5 billion increase over the current baseline. This is the biggest five-year investment in public R&D in United States history. […]
New Industry and Science Minister Ed Husic Meets with Tech Sector Leaders Ahead of September Jobs and Skills Summit
August 22nd, 2022StartupDaily has reported that over the past week, the new Minister for Industry and Science, Ed Husic, has held discussions with industry leaders covering themes including: Science and commercialisation (August 17) Digital and tech skills (August 17) Advanced manufacturing (August 18) Artificial intelligence (August 19). The discussions come ahead of the new Government’s planned Jobs and Skills Summit to be held by stakeholders in September. Before the election, the new Industry Minister made some encouraging comments about the R&D Tax […]
Telix Pharmaceuticals becomes Australian Biotech Success Story after being one of largest Refundable R&D Tax Offset Recipients
August 15th, 2022Melbourne-based Telix Pharmaceuticals has been one of the largest recipients of the R&D Tax incentive, and has now achieved a rare feat in Biotechnology; commercialising a product, and continuing to grow. The company reportedly received a more than $12M R&D tax offset refund for activity undertaken during the year ended 31 December 2020, and more than $11M in the preceding period, for their work on cancer diagnostic and treatment. Telix Pharmaceuticals’ technology uses radio pharmaceuticals to travel through the blood […]
Productivity Commission Review of Industry Assistance and Upcoming Federal Budget
August 8th, 2022The Productivity Commission is the Australian Government’s independent research and advisory body on a range of economic, social and environmental issues affecting the welfare of Australians. It states its role is to help governments make better policies, in the long term interest of the Australian community. In early August 2022, The Productivity Commission published its annual review of trade and assistance which it notes is to keep a record of assistance. Some notable extracts from The Productivity Commission annual review relevant […]
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News & Research2025 Annual Report for IISA: Update on R&D Tax Legal matters and litigation
Industry Innovation and Science Australia (IISA) is the federal government department responsible for determining whether companies’ activities meet the legislative criteria eligible under the R&D Tax Incentive. The 2025 Annual Report for IISA was recently released, and a section of the report […]
Leading SaaS provider TechnologyOne establishes Team Australia Fund
The Brisbane-based company TechnologyOne offers SaaS+ (Solution as a Service) products. TechnologyOne has become a leader in the Australian industry, and its shares have performed well over the past 5 years. TechnologyOne has consistently emphasised its R&D investment proudly […]
