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App Developers, Have You Considered the R&D Tax Incentive?
March 11th, 2016By 2020, 70 percent of the population will have smartphones. Accordingly, the dominant presence of smartphones is greatly expanding the scope of mobile phone software development. The “App Economy”, as it is branded, is indeed mounting as it intertwines with the phenomenal increase in mobile phone penetration. As a result, mobile application development has emerged as a leading category in the software industry. Typically, the development of this unique software for both iOS and Android platforms often requires extensive research […]
The Geography of Innovation: Does Location Matter?
March 10th, 2016Traditionally, the landscape of innovation has been dominated by locations such as Silicon Valley or New York. However, a contemporary urban model is now emerging around the globe, giving rise to what is known as “innovation clusters”. By definition, innovation clusters are described as groupings of independent undertakings — innovative start-ups, small, medium and large undertakings as well as research organisations — operating in a particular region and designed to stimulate innovative activity. Fittingly, Australia’s latest Prime Minister has recently pinned […]
Policy Changes: Driving Innovation or a Reaction to Trends?
March 9th, 2016Using the medical technology (medtech) industry as an example, we pose the question: do policy changes fuel innovation, or are they merely a reaction to emerging trends? Over the last three decades, medical technologies have transformed many previously untreatable diseases into manageable long-term conditions. However, as the global disease burden evolves there is a continuing need to develop new and more effective medicines. As a result, companies operating at the intersection of technology and medical science are attracting increasing attention as […]
Overcoming the Bottlenecks in Financing Innovative Start-Ups
March 4th, 2016Undeniably, we live in the so called “digital age”. Innovation has formed an important role in our modern society and has been touted as the blueprint to success by the Turnbull government. It plays a key role for medical and environmental improvements, and by its commercialisation, the digital industry also has potential material economic impact. Thus, it is crucial to fully understand innovation’s drivers and processes – from both a socio-economic and a business perspective. Within this scope, adequacy financing […]
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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 […]
