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Bill Ferris Calls for Stronger R&D Collaboration Ties
May 11th, 2016Undeniably, research and development occurs in universities and in businesses – but there remains little connection between the two. Bill Ferris, chair of the federal government’s Innovation Australia, shared similar views when he spoke at a seminar in Sydney hosted by the Young Presidents’ Organisation this week. Specifically, he proposes that Australian business needs to step up its ties with universities and research organisations. Ferris further goes on to state that Australia ranked last in the list of 26 OECD […]
The Role of the R&D Tax Incentive in Australia’s Research & Innovation Future
May 10th, 2016With the release of the Australian Innovation Agenda in December 2015, Australia is experiencing significant economic and social change. Indeed, we are now entering a new era in which technology, research and ideas will become our most valuable cargo. Successfully leveraging these changes will ultimately require a social focus on innovation, collaboration and digital disruption. In regards to this, the Australian Parliament’s Trade and Investment Growth Committee have recently published its report entitled Inquiry into Australia’s Future in Research and Innovation. The report investigates […]
The Importance of Innovation in the Manufacturing Sector…
May 9th, 2016A characteristic feature of economic booms is that those caught up in the commotion believe they will go on perpetually. In this regard, Australia’s recent mining boom was no exception. Following the pattern of resource-based economies, a commodity price hike increased our terms of trade without any special effort on our part — adding 15 per cent to our national income over a six year period. Consequently, Australian industrial research and development (R&D) in the second half of the nineteenth and […]
Mature Companies vs Start-ups: R&D Tax Incentive Benefits
May 6th, 2016In today’s modern society, businesses are moving at an accelerated pace and bigger companies are facing threats from smaller, digital competitors. At present, few companies can escape the all-pervasive impact of digital disruption as it streamlines business relationships, overhauls logistics processes and revolutionises markets across every sector. Yet, when an organisation matures to a medium or large concern, it can lose some of the innovative drive which brought its success, and thereafter begins to fade. Innovation, by its very nature, involves taking risks […]
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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 […]
