Gaming industry professionals in South Australia are excited to hear that Government support for game development is finally picking up and the gaming industry is receiving the long awaited recognition it has been longing for. This comes after South Australia was approved to receive a $2 million game developers R&D space in Adelaide, courtesy of the state government grant to Canberra-based gaming specialist Games Plus. Adelaide will become the second location for Games Plus after the launch of its Canberra space […]
Continued research and development (R&D) is a must in the pharmaceutical industry as even the biggest blockbuster drugs eventually lose patent exclusivity or face new and improved competition. However throwing money into R&D alone doesn’t guarantee success, it is vital to also make smart investments into companies which are successfully incorporating R&D into their business activities. The following five pharma stocks are recommended for investors to own based on R&D spending levels. Merck Merck invested $6.8 billion into R&D in […]
A new group, Element 8, will soon launch a research and development conglomerate. The group will aim to prevent Australian inventions being leaked overseas by changing the way that technologies are commercialised here. Backed by international scientific names such as Brock Reeve, Executive Director of Harvard University’s Stem Cell Institute, it could become the top private competitor to the CSIRO. The venture will fund and develop technologies that create new knowledge in fields like cancer, manufacturing and robotics and work […]
Last year, the Australian government committed over $1 billion to new defence centres in an attempt to advance innovation and drive the Australian defence sector into the international market. $540 million will go towards next-generation technology and a Defence Innovation Hub will be part of a 10-year investment, which aims to nurture collaborative innovation and deliver Defence outcomes. Defence Industry Minister Christopher Pyne said, “We want to guarantee our national security and ensure that Australia can play its part protecting […]