An article was circulated over the past week authored by Sandy Plunkett on InnovationAus and quoting some credentialed individuals, calling for an overhaul of the R&D Tax Incentive and Australia’s innovation system more broadly. The article included points around: Australian business is falling behind international peers in R&D performance; The R&D tax incentive is counter-intuitive to innovation, because it fails to focus work into Australia’s areas of comparative strength and provides support only after the work is completed; The R&D […]
In late January, InnovationAus ran a story providing commentary on a survey conducted by Australian Industry Group (Ai Group), showing only 19 percent of firms intend to raise their level of R&D investment, with 69 per cent expected to maintain spending at 2023 levels. While firms report a positive investment outlook, including for R&D, the net balance score for the indicator has fallen from +26 to +6 — the lowest investment expectation since 2013. This is broadly in line with […]