General Information

How the Innovation Statement Affects the R&D Tax Incentive

December 8th, 2015

From mining booms, population booms and housing booms – Australia’s history has been littered with ‘bangs’ of productivity. Now, according to the Turnbull government, we are engaged in an ‘ideas boom’ – where all that confines us is our imagination. Certainly, the creation of ideas, or innovation as it is otherwise known, goes hand in hand with research and development (R&D). Hence, in light of the Innovation Statement released yesterday (which we have overviewed here), many have been curious about […]

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Highlights of the Innovation Statement

December 7th, 2015

“Innovation” – the term has essentially become shorthand for all that encompasses future business in Australia since Turnbull’s rise to Prime Minister in September. From doubling investments in research and development (R&D) for clean energy to making coding compulsory in schools, Turnbull has vowed to put innovation at the heart of his Government’s agenda. Today, the first major economic statement towards making this goal a reality was released. The Innovation Statement, pitched as a blueprint for transforming the Australian economy, […]

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Innovation – Should Agriculture ‘Milk’ the Benefits Too?

December 4th, 2015

By just browsing the ‘innovation’ segment of any news website one may feel bombarded with headlines about digital disruption, coding, technology start-ups and Silicon Valley. Begging the question, where do less (traditionally) tech-savvy industries stand as Australia embarks on an innovation journey? Agriculture, in particular, could largely benefit from a ‘beefing’ up of innovation. Despite posing as somewhat of a benchwarmer for the last decade as the resource sector flourished, agriculture has recently revived as an export earner as the […]

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Innovation Culture, Precincts and All That Jazz

December 3rd, 2015

From the earthy harmonies of soul jazz to the sporadic, atonal forays of free jazz – lateral thinking is the key distinguishing element in this type of music. Likewise, building innovation and an entrepreneurial culture could be compared to a form of jazz: it takes a lot of practice, a great deal of mistakes and emanates from a culture that values playing and jamming. Get that right, and then we’ll swing. But how does Australia jazz it up and expedite innovation? […]

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