Home » News » General Information

General Information

A Future of Greater Innovation in Australia

August 18th, 2016

July Brings New Tax Incentives As of July this year, young companies focused on innovation have greater hope for expansion. To elaborate, the new tax incentives for Early Stage Innovation Companies (ESICs) provide a maximum 20% offset for qualifying expenses capping at $200,000 each year for the investor and affiliates. The measures are ultimately a triumph for the Australian startup ecosystem and will aid in increasing the amount of capital available to Australian startups. It is important to note that […]

Read More

Is Australia’s Risk-Averse Younger Generation Impeding Australia’s Innovation System?

August 1st, 2016

The young generation, often seen adorned with iPod earphones and the latest smartphone or tablet in tote, have grown up in a world where the Internet has become enmeshed into daily existence. Indeed, there is a sociological portrait of young people as being effortlessly tech savvy. However, a new report reveals that young Australians are less prepared for the digital revolution than comparable countries. The report, Amplifying Human Potential: Education and Skills for the Fourth Industrial Revolution, was based on a […]

Read More

Start-Up Investment: ATO Clarifies New Angel Investor Tax

July 20th, 2016

“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. Consequently, the  innovation statement was unveiled in December 2015 and provided a blueprint for a $1.1 billion plan to foster greater innovation with 24 new measures across 11 different Government […]

Read More

Clever Commercialisation: The Role of Collaboration

June 30th, 2016

A little-known fact is that Australians make up less than 0.3% of the world’s population but we account for over 3% of the world’s scientific research output. Certainly, as described in our previous post, Australia has contributed to several ‘world first’ innovations and has a dynamic invention ecosystem. In fact, Australia performs strongly on international measures of research excellence, an important driver of innovation. To elaborate, a recent Scientific American article ranked Australia 12th out of the world’s best 40 countries for […]

Read More

Categories

Archives