October, 2015

Australia’s Voyage for Innovation, Passport Optional

October 30th, 2015

From creating Vegemite and bionic hearing aids to commercialising penicillin and the first notebook, Australia’s past is rich with creations of ‘world firsts’. Now, Australia is looking at being the first in the world to trial passport-less travel. However, is this actually a notable idea or just a bold response to Australia’s publicised lack of innovation? Certainly, Australia has been under fire lately for stalling in innovation and the Turnbull government has stressed the need for an innovative culture shift. […]

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Are R&D Tax Breaks for University-Business Partnerships the Key to Australia’s Innovation Agenda?

October 29th, 2015

Universities offer a huge potential in shifting the Australian landscape to be more innovative, however, they are currently debilitated by under-funding of research by the government. The value of stock of knowledge generated by university research was estimated at $160 billion in 2014, equivalent to almost 10 per cent of GDP and exceeds the entire value of Australia’s mining industry. However, is that research being converted to commercialised ideas? With Australia embarking on a dramatic transformation, universities could be a […]

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Why All the Commotion Over Start-Ups?

October 27th, 2015

There is no denying Turnbull has been welcomed with predominantly open arms by the tech industry in Australia. His victory speech alone caused a wave of excitement for the digital community, with him primarily pushing for an innovative Australia that fosters start-ups. However, one may wonder, why all the excitement over start-ups and what about other industries? Undeniably, the world is becoming increasingly technologically-driven, the Internet of Things (IoT) and the rise of the ‘smart product’ is evidence enough of […]

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Pointers for Start-Ups on Claiming the R&D Tax Incentive

October 26th, 2015

There is no denying that the buzz word, ‘start-up’ has become politically fashionable as Malcom Turnbull increasingly broadcasts his enthusiasm for an innovative Australian culture. With no signs of slowing down on the innovation agenda, this week marked the beginning of ‘Start-up Week’.  Another motion leading to huge expectations of the Turnbull government’s Innovation Statement due before Christmas. Certainly, Turnbull’s passion for innovation has injected a renewed confidence in Australia’s digital future and for potential start-up companies. However, many start-ups may […]

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