Innovation is as important as ever, especially for traditional industries. While Australia already has world-class sectors and companies, it is necessary for us to encourage the next generation of great companies. In 2015, Australia was labelled a ‘stall out’ country by Harvard Business Review, meaning a country that evolved quickly in the past but has now stalled and is slowly receding. We have fallen behind other nations in areas like data analysis. To address this, Bill Ferris, Chair of Innovation and […]
A poll of 1,202 people by the Australian National University (ANU) found that the majority of Australians strongly value science and innovation. The survey conducted by the ANU Social Research Centre found that Australians understood the importance of research for Australia’s future even if they didn’t feel confident when it came to adapting to technological change themselves. 45% of respondents believed that technological change occurs too quickly to keep up with, with only 12% strongly agreeing that they can keep […]
The registration deadline for the R&D tax incentive is less than a week away. This year, registrations are due on Monday, 1 May 2017, as 30 April falls on a Sunday. Companies who cannot lodge their application before this date can contact AusIndustry to request an extension. If received before the deadline, the business may be granted an extension of 14 days. The R&D Tax Incentive aims to boost competitiveness and improve productivity across the Australian economy. The tax credit […]
The 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 […]