The Government announced today the appointment of "experts" from across small business and industry will oversee Australia's new R&D Tax Incentive. The new R&D Tax Incentive Advisory Committee has been established to ensure the program provides the intended benefits to Australian industry from increased investment in research and development. The R&D Tax Incentive Advisory Committee will [...]
The Commercialisation Australia Scheme (CAS) may be axed as early as next April 2012 and replaced in some part by the Clean Technology Program (CTP). The CTP is designed to provide support for manufacturers through three components: the Clean Technology Investment Program, Clean Technology Food and Foundries Investment Program, and the Clean Technology Innovation Program. The suite of sub-programs are intended [...]
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 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 [...]
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 Australian Government will provide grant funding of $66.5 million to world-leading research to help build one of the largest solar power plants in the world in northwest New South Wales - creating jobs, strengthening industry-research partnerships and securing Australia's clean energy future. Announcing the Education Investment Fund (EIF) grant today, Innovation Minister Senator Kim Carr said [...]
The Government announced 4 Green Car Innovation Fund grants today which will bring new technologies, skills and job creation to Australian manufacturing. Over $6.2 million was awarded to component manufacturers CFusion, Toyoda Gosei Australia, Composite Materials Engineering and Hirotec. The components being developed to retool the automotive industry should help cars that are friendlier on the environment [...]
The Government announced today payments of $2.5m for 67 companies under the Government's Textile, Clothing and Footwear (TCF) Small Business Program to enable them to "refashion" their business enterprise culture with better business and management processes. In announcing the successful recipients, Senator Carr said "By updating business processes, the 67 businesses stand a better chance of succeeding [...]
The Government today received the crossbench Senators support for the R&D Tax Credit Scheme which means the scheme will commence from 1 July 2011. The $1.8 billion R&D Tax Credit Scheme will deliver more funding to innovative firms – including manufacturers, ICT and biotech – increasing productivity and Australia’s national income. The new and improved Credit will target more funds to genuine [...]
Since its inception the Innovation Investment Fund (IIF) has licensed 13 new venture capital innovation funds that have helped 99 Australian businesses commercialise original research. To date the IIF program has committed a pool of $524 million of government and private capital to invest in promising early-stage companies. Yesterday, the program received a tick from internationally [...]