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Accessing R&D Funding: Government Grant’s vs. the Tax System

June 6th, 2016

  In Australia, there are two main types of government funds available for technology or product advancement. These funding mechanisms are either administrated through a grant-based system or through tax breaks, such as the Research and Development (R&D) Tax Incentive. However, where support for R&D is called for, an important question remains: should reliance by companies be placed on cash support (grants), or on the tax system as a mechanism to deliver cash flow? Firstly, there are a number of […]

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Could You Be Receiving R&D Tax Breaks Earlier?

June 3rd, 2016

Without a doubt, financing is extremely imperative for innovation and development, in particular at the seed and early stages of business development. In spite of the growing importance of entrepreneurial activities, innovative companies face several barriers for accessing finance, such as asymmetric information and financing gaps between investors and entrepreneurs. Indeed, access to finance is a central issue for both innovative entrepreneurs and policy makers alike. However, many companies focused on innovation are missing out on ways they can boost […]

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Does Innovation Require Strategy?

June 2nd, 2016

Despite Prime Minister Malcolm Turnbull making innovation a hallmark of his time in office, a recent survey reveals that innovation is going ignored by some of the Australia’s largest Chief Financial Officers (CFOs). The survey, titled the 2016 American Express CFO Future-Proofing Survey, examines the views of 250 CFOs from Australian companies with revenues of between $2 million and $300 million. According to the survey, approximately 40% of CFOs report their company hasn’t bought a new product or service to the market […]

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Does Cash Flow Constraints Stifle Innovation?

May 27th, 2016

Without a doubt, financing is extremely imperative for innovation and development, in particular at the seed and early stages of business development. In spite of the growing importance of entrepreneurial activities, innovative companies face several barriers for accessing finance, such as asymmetric information and financing gaps between investors and entrepreneurs. Indeed, access to finance is a central issue for both innovative entrepreneurs and policy makers alike. Nonetheless, nusinesses that introduce innovation into their operations are more likely to experience business […]

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