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Industry Specific Issues

CSL Calls On Government to Maintain R&D Tax Incentive

February 19th, 2018

Australian 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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Multinationals Should Undertake R&D In Australia

February 7th, 2018

Large international companies bring jobs to Australia in terms of sales, marketing and customer support. However, more jobs could be created if they also increased their R&D spend here. Why should multinational corporations undertake R&D in Australia? First off, they can take advantage of our top graduates. Australia has eight universities among the top 200 in the world and numerous companies are already partnering with Australian universities to develop innovative products. However, compared with countries like Korea, Germany, Israel and the […]

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AI Presents A Significant Opportunity For Australian Businesses

February 6th, 2018

Innovation 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 […]

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$5 million research and development project in WA

August 7th, 2017

Western Australia will soon be home to a world class grains research and development hub to develop research in crop pathology and genetics. The research project was announced on Wednesday 3 August by the deputy Prime Minister and Minister for Agriculture and Water, alongside West Australian Minister for Agriculture and Food. The project has received a $3 million Research and Development Corporation grant. $1.5 million was received by Murdoch University, $250,000 from Curtin University and $250,000 from the WA Department […]

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