From today Australian entrepreneurs will not have to repay Early Stage Commercialisation grants for businesses developing a new product, process, or service. Additionally, the annual turnover limit for applicants will rise from $20 million to $50 million and access to skilled managers now have the option to apply for an Experienced Executives grant of up to…
Up to $100 million will be invested in new, innovative companies as part of the Australian Government’s Innovation Investment Fund (IIF). The final tranche of IIF Round three of $100 million will lead to $200 million of venture capital for early-stage investments which reduces the financial risk to larger venture capital funds with the capacity to make significant longer-term…
The Australian Innovation Challenge opened today offering $70,000 in prizes for Australia’s best creativity and ingenuity from inventors which will be showcased across the country. Australians are considered creative and resilient people who are able to compete with the best and brightest in the world, even during the most difficult of times. Our capacity to negotiate our way through the…
The new R&D tax credit bill finally passed through the Senate today but industry groups remain unconvinced as to its effectiveness in supporting research and development in large swathes of the economy. The legislation will start retrospectively from 1 July 2011. The two core components of the Credit are a 45 per cent refundable R&D Tax Credit…
Australian suppliers will be helped to compete for contract opportunities in five major projects in the lucrative resources and health sectors with $1.2 million from the Industry Capability Network (ICN) through the Supplier Access to Major Projects (SAMP) program announced today. The Government is trying to ensure competitive and capable Australian companies are given a fair go…
Shopping centres, hotels and office block owners are finding it easier to upgrade and reduce greenhouse gas emissions thanks to the Government’s Green Building Fund and Tax Breaks for Green Buildings Program. Announcing $35.2 million in funding to green-up 90 buildings nationally, Innovation Minister Senator Kim Carr said Australia’s commercial buildings generate significant greenhouse gas emissions…
The Government’s new $30 million Illawarra Region Innovation and Investment Fund, announced last week in response to job losses at BlueScope Steel, specifically targets firms providing: engineering, construction and support services to heavy process manufacturing and the mining industry; manufacturing for the power, mining and transport sectors; engineered equipment for oil, gas and downstream industries; and…
Pattens Group will be conducting information sessions to help businesses learn how to access and best use the new R&D Tax Incentive to drive the development of new ideas, products and processes. We encourage all business owners to attend as the R&D Tax Incentive can be an invaluable source of funding for developing creativity in Australian businesses….
The 2011 Import Export Show was held last week in Sydney, showcasing services and support available to assist importers and exporters with their international business engagement and development. The show provided a great insight into the growth of the Import Export industry and provided opportunities for attendees to seek advice and put thoughts into action!…
The role of the Education Investment Fund (EIF) is to build a modern, productive, internationally competitive economy by supporting world-leading, strategically focused infrastructure investment. It has invested more than $1.6 billion into research infrastructure projects since 2008. The recent funding of a $17.5 million for the Centre at University of Melbourne under round 2 of the EIF will bring together scientists…
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