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StartupAUS Calls for Clearer Support for Software R&D Activities
December 6th, 2018StartupAUS, Australia’s national startup advocacy group has released a report titled Crossroads – Fifth Anniversary edition. Data from the company has found that almost 90 percent of startups rate the R&D tax incentive as “very important” or “critical” to their business’s success. Within the report, they have called for greater assurance for software companies accessing the R&D Tax Incentive, and put forward proposals including: A moratorium on audits for software claims; A legislative amendment to the R&D Tax Incentive, or […]
AI Presents A Significant Opportunity For Australian Businesses
February 6th, 2018Innovation and Science Australia (ISA) stated in the ‘Australia 2030: Prosperity Through Innovation’ report that artificial intelligence, notably cyber-physical systems such as the Internet of Things, represents a major opportunity for the Australian economy. The agency stated that the Digital Economy Strategy, to be released later in the year, should aim to make Australia a leader in the research and development of AI and machine learning. It suggested that the public sector trial innovative digital technologies, as an increase in […]
Australia’s Cyber Security Sector Could Triple by 2026
April 24th, 2017The Australian Cyber Security Growth Network (ACSGN) estimates that Australia’s cyber security sector will triple in the next decade, reaching revenues of $6 billion by 2026. By 2020, the global cyber security market could be worth $170 billion US. On 20th April, the Australian Government launched its Cyber Security Sector Competitiveness Plan (SCP), which aims to grow and strengthen the Australian cyber security sector. There is a huge growth in demand for security across the Indo-Pacific, giving Australia an advantage […]
Apple’s ambitious R&D spending continues to increase
April 18th, 2017After spending the highest annual amount on research and development ever, apple shows no signs of slowing down in its R&D investment for 2017 despite a drop in the company’s overall revenue. In 2016, Apple spent $10.39 billion on R&D which was a significant increase, over $2 billion, from the previous year. This equates to 5% of its total net sales on research alone in 2016. In early 2017, there was vast speculation regarding what projects the company would be investing in. […]
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News & Research
News & Research
News & ResearchEconomics Legislation Committee recommends deferral of proposed changes to R&D
The Senate Economics Legislation Committee has today handed down their recommendation on proposed changes to the R&D Tax Incentive which have followed recent consultations with the industry. The committee which is made up of members from varying sides of politics […]
Senate Economics Committee Review Into Proposed R&D Tax Incentive Changes
The Senate Economics Legislation Committee conducted a public hearing in Melbourne on 30 January which heard submissions from various stakeholders including: Cochlear Ltd; Brickworks Ltd; CSL; Dulux Group; The AFR has reported that representatives from these groups have consistently argued […]
