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Global Wave and Tidal Energy Market Set to Boom
March 16th, 2018In 2016, investment in renewables were double that of fossil fuels. With a focus on clean energy sources being developed as an alternative to fossil fuels, the global wave and tidal energy market is set to be worth $3.9 billion by 2025, up from $212.7 million in 2016. With water covering over 70 percent of the earth’s surface, improving wave and tidal energy makes a lot sense, especially as they are more reliable than solar and wind power, which are intermittent throughout […]
Research & Development Tax Incentive boost from government to fast-track plant R&D
March 9th, 2018Australia’s only ASX listed plant breeding company, Abundant Produce Limited, has received a $630,000 Research & Development Tax Incentive. This incentive is an increase from previous estimates of $250,000. In addition to the received grant, the NSW Government’s TechVouchers program will also fund a $20,000 project in collaboration with the University of NSW for the Taste of Research Programme and R&D for ABT’s Lycopene ActiveLyco Products. The ABT will also release a third source of funds of $50,000 thanks to […]
Government To Commit $2.6 Million Towards 3D-Printed Explosives
March 6th, 2018New ways to implement 3D printing are constantly being developed. Recently, the Australian Government announced that it would contribute $2.6 million towards 3D-printed explosives research over the next two years as part of the Co-operative Research Centre Program. The Defence Science and Technology (DST) Group will partner with defence research company DefendTex, RMIT, Flinders University and the UK’s Cranfield University to develop the 3D-printed explosives. DST is Australia’s leading authority on energetics materials. These materials contain high concentrations of stored chemical […]
Innovation Is Still On The Government’s Agenda
February 27th, 2018The Turnbull government’s “ideas boom” was not a hit with voters, with disruption being seen as either unrelatable or frightening by many. However, in a February 2018 interview with the Australian Financial Review, Michaelia Cash, Minister for Innovation and Jobs, advised that innovation was still an important part of the government’s agenda. Cash has been reassuring Australians that innovation and new technology have indeed been shown to create jobs, rather than reduce them. Senator Cash said that the majority of […]
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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 […]
