General Information

Lessons from Berlin: What the Innovation Statement is Missing

December 14th, 2015

With street’s littered with graffiti to warehouses, beer gardens and an abundant supply of bratwurst and beer. There is no doubt about it; Berlin is the essence of being unintentionally hip. While Silicon Valley may be the start-up mecca of the world, Berlin has experienced rapid investment dollar increases resulting in a vibrant start-up scene and a burgeoning tech hub. Prompting the question, what could Australia learn from Germany? Berlin has become the epicentre of Germany’s start-up scene due to […]

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A Patent Box Grant: The Bang the ‘Idea’s Boom’ Needs

December 11th, 2015

The ‘ideas boom’, the blueprint to innovation, or just simply, the Innovation Statement – whichever way you prefer to coin Turnbull’s first economic report as government, there is no denying that ‘innovation’ has become a buzzword in the Australian vocabulary this week. The innovation statement, released on Monday, unveiled a $1.1 billion plan to foster innovation with 24 new measures across 11 different Government groups. Certainly, the plan is wide-ranging; however, it falls short on delivering a globally competitive commercialisation […]

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Is R&D, the Elixir of Economic Growth, Threatened by ISA?

December 10th, 2015

The ‘elixir of economic growth’, whilst sounding like a surreptitious tincture crafted by an alchemist, is actually often believed by economists to be pertaining to research and development (R&D). Hence, as we mentioned in our previous post, it came as a surprise to many that the R&D Tax Incentive was not mentioned in the Innovation Statement released on Monday. However, what was declared was the inception of a new independent body, Innovation Science Australia (ISA), which will take effect in July […]

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Will ISA Impact the R&D Tax Incentive?

December 9th, 2015

In the interest of echoing the mining boom with a more perpetual “ideas boom”, the government released its flagship Innovation Statement on Monday this week. The Innovation Statement revolves around four chief areas: culture and capital, collaboration and skills, incentivising risk and government as an exemplar. In particular, key elements of the agenda comprise of a 20 per cent rebate for investments in start-ups and a easing of insolvency laws to spur risk-taking by company directors. However, contrary to the expectations of many […]

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