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Is an Israel Landing Pad Enough?
December 15th, 2015Israel, the country itself has been described as a perpetual start-up, while also being positioned as a critical research and development centre for the world’s leading technology companies. From Internet and mobile phone applications to medical devices and biotech, Israel’s industry has indeed invested heavily in new technology. Thus, what effect could a partnership with Israel have on Australia? There has been no short of news articles describing that Australia has purchased a one-way-ticket to the land of innovation, with […]
Lessons from Berlin: What the Innovation Statement is Missing
December 14th, 2015With street’s littered with graffiti to warehouses, beer gardens and an abundant supply of bratwurst and beer. There is no doubt about it; Berlin is the essence of being unintentionally hip. While Silicon Valley may be the start-up mecca of the world, Berlin has experienced rapid investment dollar increases resulting in a vibrant start-up scene and a burgeoning tech hub. Prompting the question, what could Australia learn from Germany? Berlin has become the epicentre of Germany’s start-up scene due to […]
A Patent Box Grant: The Bang the ‘Idea’s Boom’ Needs
December 11th, 2015The ‘ideas boom’, the blueprint to innovation, or just simply, the Innovation Statement – whichever way you prefer to coin Turnbull’s first economic report as government, there is no denying that ‘innovation’ has become a buzzword in the Australian vocabulary this week. The innovation statement, released on Monday, unveiled a $1.1 billion plan to foster innovation with 24 new measures across 11 different Government groups. Certainly, the plan is wide-ranging; however, it falls short on delivering a globally competitive commercialisation […]
Is R&D, the Elixir of Economic Growth, Threatened by ISA?
December 10th, 2015The ‘elixir of economic growth’, whilst sounding like a surreptitious tincture crafted by an alchemist, is actually often believed by economists to be pertaining to research and development (R&D). Hence, as we mentioned in our previous post, it came as a surprise to many that the R&D Tax Incentive was not mentioned in the Innovation Statement released on Monday. However, what was declared was the inception of a new independent body, Innovation Science Australia (ISA), which will take effect in July […]
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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 […]
