February, 2016

What Are the Fees for Assistance With the R&D Tax Incentive?

February 4th, 2016

The preparation of an R&D Tax Incentive Registration form can often spur feelings of love and hate in equal measure.  Love – because if eligibility requirements are ratified, companies can obtain a generous cash rebate or a reduction in payable tax. Hate – because determining entitlement and the concept of drafting the registration form alone can be bewildering and arduous, with a potential audit a haunting concern. However, the R&D Tax Incentive is more broadly applicable than people realise. Rather, […]

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Australia on the Right Track to Innovation

February 4th, 2016

Customarily, when people consider innovation they often concentrate on the end product – i.e. the app, the software or the piece of hardware. However, they generally dismiss the steps beforehand that are essential in developing the aforementioned innovative artefact. In particular, human resources play a large part in the innovation process. Australia transcends in generating talented, high quality professionals across a comprehensive range of industries. In fact, education is Australia’s fourth biggest export, surmounted only by iron ore, coal and […]

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The Benefits of Innovation Altruism…

February 2nd, 2016

Altruism, or selflessness, is the principle or practice of unselfish concern for or the devotion to the welfare of others. Within the context of innovation, a selfless orientation in a nation can positively impact the broader global innovation system. In this regard, however, Australia seemingly has a way to go to attain recognition as a highly innovative country compared to its counterparts around the globe. To expand on this, Australia ranks 22nd in how its domestic policies support worldwide innovation, […]

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Should Australia Focus on Collaboration or Competition to Boost Innovation? 

February 1st, 2016

Certainly, one of the cornerstones of an open innovative environment is the ability to collaborate. As innovation processes become increasingly cooperative, new relationships among players in the innovation space emerge. However, what role does competition have in stimulating and facilitating innovation, if any? Whilst some may believe competition is the polar opposite of collaboration, the interplay between the two can in fact enhance innovation. Philip Dalidakis, who was promoted in mid-2015 to Victoria’s innovation minster, has become somewhat infamous for […]

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