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$24 million cash boost for grains industry research and development
May 4th, 2018The 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 […]
NBN secures $3 million R&D partnerships with Universities
May 3rd, 2018National Broadband Network (NBN) has secured multiple significant research and development (R&D) deals with the University of Melbourne (UoM) and the University of Technology Sydney (UTS). The R&D partnerships have a cumulative value of $3 million. NBN’s R&D plans are to develop new technologies that will help enable more effective services for Australian’s on its Network and this new collaboration will greatly support this goal. The collaborations with the selected Universities will enhance the ability to bring new technologies into […]
Proposed Changes To R&D Tax Incentive May Render Many Companies Ineligible
April 16th, 2018In early April, Treasurer Scott Morrison confirmed an overhaul of the R&D Tax Incentive in the May federal budget. He stated that the government was closely examining recommendations from the Australia 2030: Prosperity Through Innovation plan, released by Innovation and Science Australia (ISA) in January. In an interview with the Australian Financial Review, Bill Ferris, Chair of Innovation and Science Australia, stated that he sees R&D tax refunds for smaller companies as more beneficial than those for larger companies. The […]
Diversifying Board Members Could Be Key To Innovation
April 16th, 2018Innovation requires teamwork and multiple perspectives. Individuals cannot solve every challenge alone. Therefore, innovation is more probable if the entire company is encouraged to generate ideas. Generally, a greater variety of ideas will result from teams with a greater variety of backgrounds and skills. Chair of Innovation and Science Australia, Bill Ferris, believes that diversity on company Boards is essential to increasing innovation. He suggests that Directors be appointed who are technical experts, younger or from diverse backgrounds. For many […]
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News & Research
News & Research
News & ResearchSenate Committee Calls for Quarterly RDTI Payments
InnovationAus has reported that a government-led Senate committee chaired by Liberal Senator Andrew Bragg has called for R&D Tax Offsets to be paid quarterly, and for a new standalone scheme for software-related claims to be considered. The report included notable […]
The black box flight recorder, Polymer bank notes, Wi-Fi technology and cochlear implants – they’re all Australian inventions. To keep these developments coming, and improve our research and innovation, we need direct investment through university innovation and small business incentives. […]
