Biotech

Cochlear calls for stability to R&D Tax Policy with release of FY19 Results

August 19th, 2019

In comments published in The Australian coinciding with the release of their FY19 financial report, Cochlear has called on the Australian government to adapt policies to ensure Australia remains competitive in attracting global investment in R&D Activity.   CEO Dig Howitt noted specifically that the R&D Tax Incentive must be subject to a stable policy platform to address Australia’s declining R&D Expenditure when quantified as a proportion of GDP.   Dig Howitt had previously mentioned at the AFR Innovation Summit that […]

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Biotech Industry Wary of Proposed Changes to R&D Tax Incentive

May 2nd, 2017

The Australian biotech industry has concerns about an overhaul of the R&D tax incentive scheme, which could involve eligibility restrictions and cuts. The government has proposed capping R&D tax refunds at $2 million, which could be realised in this month’s federal budget. The uncertainty has already impacted the sector, with both Australian and international companies reconsidering doing clinical trials here. As Chris Nave, managing director of Brandon Capital Partners commented, “$2 million isn’t worth the cost of setting up an […]

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A Future with Robots

September 12th, 2016

Bigger Better Faster Stronger One of the greatest strengths of the human race is our continual practice of innovation – we are always creating newer, better, faster and safer ways of completing the tasks and challenges we face. As robots have become a major topic of conversation many have begun to wonder; will robots be another success for humanity or a colossal disaster? Well, first we must determine what exactly is meant by the term robot. A robot is a […]

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Biotech Firms Warn Against Changes to the R&D Tax Incentive

March 14th, 2016

There is a pervading fear in Australia that our best and brightest are failing to find opportunities locally and are instead vying for work overseas. ‘Brain Drain’, as it’s coined in public discourse, has subsequently become one of the key concerns for the Australian Government. Thus, as a response to dwindling innovation levels and in attempts to reverse the ‘brain drain’, the Australian government released the National Innovation and Science Agenda in December last year. In launching the agenda, the […]

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