Three startups are launched every minute. However, 92% will fail within their first three years in business. But don’t let that stop you from pursuing your dreams – successful startup founders will tell you that there’s nothing more fulfilling than launching an innovative product, being your own boss, and creating employment. Here’s how to survive your…
Ready to be your boss? Setting up a business in Australia is a challenging but rewarding venture that keeps the continent’s startup ecosystem robust. But first, here are a few things to consider: Feasibility – Is there a demand for your intended products or services? How will you bring them to market? Doing a feasibility study…
Introduction Australia is known for its generous and effective research and development R&D tax incentives R&DTI in boosting business innovation. Australia has one of the most generous R&D tax incentive schemes in the world according to a variety of sources, including OECD. In this post, we dive into a full analysis of Australia’s R&D tax…
Key Takeaways Introduction The Australian government provides the R&D tax incentive to encourage private sector investment in R&D activities. This guide offers a comprehensive summary of the R&DTI, its value proposition, who can claim it, and its strategic ramifications for Australian businesses. What is the R&D Tax Incentive (R&DTI)? Australia’s principal mechanism for encouraging industry…
Built Robotics, a pioneering robotics startup, has been granted A$1.3 million to develop and pilot Autonomous piling robots for utility-scale solar farms in Australia. This project is set to revolutionise Australia’s construction industry by increasing efficiency, safety, and productivity in solar farm construction. Project Overview The project is unique in Australia because it seeks to…
People in Australia are eager about the 2024 tax season as it is proceeding, and many would like to get the bigger tax credits they are eligible for. Understanding the strategies that can increase your tax refund is important, especially if you are a salaried employee, a small business person, or an investor. In this…
Myths about grants often discourage the grant seekers from pursuing valuable funding opportunities from the Government. The following guide aims to help applicants improve their applications and, therefore, stand a better chance of attracting funding. Introduction There are several benefits of grants, including the fact that they can be a boon to businesses, nonprofits, and…
Innovation and R&D are the lifeblood of any growing economy, and Australia has consistently recognised innovation and facilitated R&D across industries. The Research and Development Tax Incentive (R&DTI) program, a cornerstone of this recognition, is considered one of the best and most generous among other nations, underscoring the importance of your involvement in R&D. The…
As a small business owner in Australia, receiving a government grant always helps you run the business more efficiently and aids its expansion. However, a business owner should obtain knowledge of the tax implications of these grants to know the tax consequences that may arise in coming years. By reading this comprehensive guide, you will…
Introduction Signifying a giant step towards achieving its ambitious target of becoming a renewable energy superpower, the Australian government has just released the anticipated $1 billion Solar Sunshot program. Launched and administered by the Australian Renewable Energy Agency (ARENA), this tremendous program will help accelerate solar photovoltaic (PV) manufacturing in Australia and strengthen the nation’s…
End of content
End of content
