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Global Wave and Tidal Energy Market Set to Boom
March 16th, 2018In 2016, investment in renewables were double that of fossil fuels. With a focus on clean energy sources being developed as an alternative to fossil fuels, the global wave and tidal energy market is set to be worth $3.9 billion by 2025, up from $212.7 million in 2016. With water covering over 70 percent of the earth’s surface, improving wave and tidal energy makes a lot sense, especially as they are more reliable than solar and wind power, which are intermittent throughout […]
Government To Commit $2.6 Million Towards 3D-Printed Explosives
March 6th, 2018New ways to implement 3D printing are constantly being developed. Recently, the Australian Government announced that it would contribute $2.6 million towards 3D-printed explosives research over the next two years as part of the Co-operative Research Centre Program. The Defence Science and Technology (DST) Group will partner with defence research company DefendTex, RMIT, Flinders University and the UK’s Cranfield University to develop the 3D-printed explosives. DST is Australia’s leading authority on energetics materials. These materials contain high concentrations of stored chemical […]
innovAGEING – Australia’s First Aged Care Innovation Network
February 22nd, 2018Australia’s ageing population means that over 1 million aged care staff will be needed by 2050. This presents numerous opportunities for technological and service-based change in the sector. innovAGEING is Australia’s first innovation network for aged care services and aims to encourage progressive thinkers and practitioners in the industry. The innovAGEING program aims to improve the lives of the elderly, helping them to maintain their independence and allowing them to have more say in their way of living. It promotes the […]
CSL Calls On Government to Maintain R&D Tax Incentive
February 19th, 2018Australian biotechnology company CSL is supportive of the 2030 Strategic Plan to increase Australia’s level of innovation, but has requested that the government retain the R&D tax incentive for businesses and provide more support to scientists to make a real impact. Chief Executive Paul Perreault stated that, “It’s really about making sure that the R&D done here is actually translated into patient care and commercialised.” He believes that the government’s short-term thinking is why some of the country’s best scientists are […]
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News & Research News & Research
News & ResearchProposed Changes To R&D Tax Incentive May Render Many Companies Ineligible
In 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 […]
Diversifying Board Members Could Be Key To Innovation
Innovation 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 […]
