General Information

Tesla continues increasing R&D spending

June 26th, 2018

Tesla’s revenue continues to increase and subsequently so does their research and development. In 2017 Tesla’s R&D spending reached $1.378 billion which is actually not that large in comparison to other auto companies. General Motors spent $7.3 billion, Volkswagen spent €13.135 billion and Mercedes and BMW spent over €6 million. While Tesla’s R&D spending may seem a lot smaller than that of other auto companies, their R&D devotion is quite impressive when comparing it to their percentage of revenue. Tesla […]

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$41 million federal funding allocated to Australian National Space Agency

May 21st, 2018

Despite a tip being released that the Australian National Space Agency could receive up $50 million in federal funding, the final announcement of $41 million remained to be a pleasing outcome for all in the industry. The space industry and space-reliant businesses are excited for future expansion plans and partnerships with international space agencies. The official announcement of the agency’s funding in the 2018 budget was extremely exciting for CEO of the space start-up ‘Fleet Space Technologies’, as this was […]

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R&D Tax Incentive Changes Announced in 2018-19 Budget

May 9th, 2018

In response to the recommendations in the ‘2016 Review of the R&D Tax incentive’ the government has announced proposed R&D Tax Incentive changes within the 2018-19 Federal Budget released yesterday, 8 May 2018. The changes take on board some recommendations from ISA’s previous review of the programme, along with some of the government’s own savings and integrity measures. The R&D Tax Offset rate will change, commencing for years on or after 1 July 2018. For companies claiming the refundable offset with […]

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$24 million cash boost for grains industry research and development

May 4th, 2018

The State Government has announced a $24 million cash boost for the grains industry research and development (R&D). This significant investment marks an important step in keeping the industry competitive against the rising threat of Black Sea Competition. The $24 million funding contributes to the already $21 million invested into the WA grains research industry for the next four years. This significant investment will give WA’s grain industry the necessary support to becoming more productive and remaining competitive in times […]

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