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 [...]
Do you have a business idea that could potentially change the industry? Make a difference with CSIRO Kick-start, a program that supports innovation and encourages creative thinking. About the program This financial incentive is aimed at Australian startups and small businesses in need of funding and research expertise in order to develop and test [...]
Ready to be your own 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 demand for your intended products or services? How will you bring them to market? Doing a [...]
Is your mind buzzing with new product, process or service ideas? Innovation is the key to economic growth and a better quality of life for all Australians. However, it comes at a cost. Industry leaks also make it impossible for innovators to benefit from their own inventions. Innovate without fear when you claim the [...]
The idea of self-employment might seem glamorous to some, conjuring images of young CEOs pounding on their keyboards in fancy coffee shops or answering emails beachside, but the reality couldn’t be more different. The first three years in business are critical – the Australian Bureau of Statistics states that over 60% of small businesses [...]
A Closer Look at the Accelerating Commercialisation Grant Australia hit new milestones for capital venture investments last year, with businesses raising $1.23 billion in funding, according to KPMG. That’s more than seven times the amount raised in 2012 and 2013. So if you have a novel idea that can disrupt the market, there’s no [...]
Startups succeed or fail based on the cash they can access. So where can you get cash to give the business the best chance of success? There are 4 options: Use your owns funds Secure a loan from a bank. Find investors - Family and Friends. Access government grants Every year there are over [...]
On 3 July 2017 the SMH reported on millions of dollars rorted from the R&D Tax Scheme. The assistance provided to reputable companies by this scheme is invaluable. Pattens are committed to supporting honest companies obtain the maximum benefit from all grants.
Austrade advised the final payment for the 2015/16 grant year is 64.50483 cents in the dollar for payments above the initial payment ceiling amount of $40,000 making the maximum EMDG grant payable only $110,955. Pattens have over 40 years’ experience in EMDG Claims.
With over 25 years’ experience in engineering design, construction and the installation of a large range of both naval and commercial hardware, the recent receipt of $350,000 cash for their R&D Tax Incentive claim was an acknowledgement of our clients expertise.