News

Why invest in R&D?

This is a re-purposed post from Dr Ken Foster, an R&D consultant in the USA, and is mirrored by the Harvard Business review.  It neatly encapsulates aspects of our philosophy, namely that your investment in R&D is a strategic lever for growth. Leaders and laggards...

Uncertainty remains: R&D Tax changes

Last night the ScoMo announced changes to the R&D Tax Incentive scheme, impacting the budget by delivering a $2.4B saving to the budget bottom line over 4 years. In 2016-17, the annual cost of the scheme reached nearly $3B. The changes are therefore projected to...

Budget 2018: As expected, really

Still crazy after all these years At a budget dinner last night hosted by InnovationAus the room was asked whether the Government was doing enough to support 'innovation’.  Innovation is one of those terms of ubiquity Londoners might once have used to describe a pea...

Service innovation

Service innovation Service innovation is often perceived as the poor cousin of product innovation.  It is less tangible, less visible, less explicable, perceived as easier to duplicate and is often less rewarded by business and Government as exemplars of great...

AusIndustry R&D concerns

R&D compliance AusIndustry and the ATO recently discussed R&D compliance concerns with the R&D advice community. There are two points worth noting: The Registration Application is not a form-filling exercise. The RA is designed to allow AusIndustry to assess R&D...

JobsforNSW Grants

The new $190m 'Jobs for NSW' fund unashamedly channels NSW Government  business grant support programs to start-up and established growth business with a high potential to grow employment. In other news, the Turnbull Government has introduced legislation as part of...

Innovation and competition

Innovation has always needed competitive and flexible markets in order to take root and flourish. Flexible labour markets Flexible labour markets and education policy play their part to allow businesses and individuals seeking employment to find each other and...

State grants, EMDG and ESIC

The States lift innovation spending, program tweaks to EMDG, and the ATO releases ESIC detail. State innovation grant programs The Turnbull Innovation agenda may not have attracted populist support at the ballot box but it is driving perhaps the largest blooming of...

Innovation for young and old

Innovation is not just for young entrepreneurs Many studies have tried to correlate an entrepreneur’s age to start-up success. The facts are revealing. Studies show that the average entrepreneur is 40 years old when they launch their startup. People aged >55 are 2x as...

Turnbull, grants and R&D

Turnbull's innovation tax incentive package inches forward, how to access grants, and the AAT clarifies R&D. The Turnbull innovation Key elements of the Turnbull innovation package in Tax Laws Amendment (Tax Incentives for Innovation) Bill 2016 received Royal Assent...

Where good ideas come from

Great innovation rides on the shoulders of others. Whilst chance plays a role it is powered by enthusiasm. The time to market or 'valley of death' may be long and frustrating but the journey to success is for many both liberating and full of learning. Sure...