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Australia’s First Indigenous Innovation Hub Opens in Cairns
May 9th, 2017Founded by Indigenous entrepreneurs Leigh Harris and Julie-Ann Lambourne, Digital Hive (DHIVE) aims to achieve social equality in the digital age. The innovation hub opened on May 3 and will enable Aboriginal and Torres Strait Islanders, refugees, recent migrants, people with disabilities or anyone with a social and digital disadvantage to participate in and contribute to the growth of the digital economy. “We must be more innovative in the way we ensure that the benefits of the new digital economy […]
Universities and the Start-up Economy
May 4th, 2017There are more university graduates than ever and it turns out that they are driving Australia’s start-up economy. A project between Universities Australia and Startup Muster found that 84% of Australian start-up founders have degrees. Many universities have restructured their courses to provide the next generation of graduates with the knowledge and resources to found their own businesses. It is becoming increasingly common for students to take courses in entrepreneurship and then develop a start-up business in conjunction with a […]
Biotech Industry Wary of Proposed Changes to R&D Tax Incentive
May 2nd, 2017The 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 […]
Major Challenges for Australian Innovation
May 1st, 2017Innovation 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 […]
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News & Research
News & Research
News & ResearchCochlear Comments on Australian R&D Tax and Innovation Policy
A recent article in The Australian has outlined comments from Dig Howitt, CEO of Cochlear, who believes Australia is at a crossroads when it comes to commercialising new innovative products. Howitt noted the country’s current tax regime hinders research and development […]
ATO Release First R&D Tax Incentive Transparency Reporting Data
As now required by law, The Australian Taxation Office (ATO) has released its first annual Research and Development (R&D) tax transparency report on entities claiming the R&D tax offset. The information the ATO published includes: name of the R&D entity […]
