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 biggest economic and social upheaval we have seen in more than 50 years lies in our ability to innovate. Australia has less than half a per cent of the world’s population, but we produce more than three per cent of its new research.
The creativity and resilience of our people will help us confront the challenges that face our rapidly changing world, as we move towards a cleaner and greener future. The innovators who rise to The Australian Innovation Challenge will help ensure that Australia is able to compete in the global market place. With Australian skills and ideas, we will thrive as a nation.
The Government’s planned R&D Tax Credit will also provide an estimated $1.8 billion of help for businesses in every sector of the Australian economy to help them invest in research and development. The Australian Government, through the Innovation Australia Board, also offers assistance through the Commercialisation Australia and venture capital programs to assist companies to develop and market their products and services.
For more information on the range of assistance measures available contact Pattens on 1800 PATTENS