Tim Williamson. AusIndustry. March Innovation.gov.au

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1 Tim Williamson AusIndustry March 2016 Innovation.gov.au

2 Building on Success The Agenda builds on and progresses existing initiatives: The Industry, Innovation and Competitiveness Agenda The Boosting the Commercial Returns from Research strategy

3 Four key pillars

Reforms to assets depreciation and increasing access to company losses Culture and capital Tax breaks for early stage investors Build on capital

4 Reforms to assets depreciation and increasing access to company losses Culture and capital Tax breaks for early stage investors Build on capital investment momentum Reform insolvency laws New Funds - $200 million CSIRO Innovation Fund and $250 million Biomedical Translation Fund Incubator Support Programme

5 Culture and capital

6 Collaboration Innovation Connections Sharper incentives for engagement University Block Grants Global Innovation Strategy Critical research infrastructure Quantum computing Cyber Security Growth Centre

7 Collaboration

8 Landing Pad launched First Landing Pad in San Francisco launched in February 2016 $11.2 million to establish five Landing Pads San Francisco, Tel Aviv, Israel and three locations yet to be determined Will give Australian tech start-ups accelerated access to international business networks, entrepreneurial talent, business developers and investors

9 Talent and skills Digital literacy Expanding opportunities for women in STEM and entrepreneurship Improving Visa Arrangements Inspiring STEM literacy

10 Talent and skills

11 Government as an exemplar Innovation and Science Australia Digital marketplace Business Research and Innovation Initiative Public Data Strategy Data61

12 Government as an exemplar

13 Selected programmes and services business.gov.au Australian Small Business Advisory Service Industry Skills Fund R&D Tax Incentive Entrepreneurs Programme Industry Growth Centres Cooperative Research Centres IP Toolkit for Collaboration

14 business.gov.au Catering for all businesses one website - business.gov.au one contact centre one national network - AusIndustry s highly qualified staff: deliver Australian Government programmes provide expert support.

Advisory services may include; business management skills financial

15 Australian Small Business Advisory Service Small Businesses can access information and advice to Establish; Sustain; and/or Grow your business Advisory services may include; business management skills financial management skills business planning mentoring for business government regulation

16 Industry Skills Fund Funding to ensure that industry has the skilled workforce it needs to boost the nation s productivity. Fast Facts: Funds the delivery of both training and support services Training tailored to the needs of individual businesses Delivered by the Department of Education and Training

17 Co-contribution Model Delivered through a co-contribution model This is in recognition that business has a responsibility to maintain and improve the skills and capabilities of its workforce Amount payable by applicant will depend on how many Full-Time Equivalent (FTE) employees business have: Micro Business (0-4 FTE employees) 25% Small Business (5-19 FTE employees) 34% Medium Business ( FTE employees) 50% Large Business (200+ FTE employees) 75% Co-contributions cannot be in-kind

18 R&D Tax Incentive Generous and easy to access tax offset Entitlement programme open to eligible businesses in all industry sectors refundable tax offset if aggregated turnover is less than $20 million non-refundable offset to other eligible businesses

19 Registration ready tests Eligibility requirements Before applying four tests for registration 1. Eligible entity 2. Eligible project activities R&D 3. Eligible expenditure 4. Record keeping

20 What is the application process? Step 1 Firms undertaking R&D or considering undertaking R&D assess their eligibility Step 4 Receive tax offset Maintain records to substantiate activity and expenditure claims Step 2 Registration form: register R&D activities with AusIndustry Step 3 Income tax return with the ATO

21 Entrepreneurs Programme The Entrepreneurs Programme offers tailored and targeted services to support innovation and growth in small and medium businesses.

22 Research Innovation Connections

23 Business Management

24 Accelerating Commercialisation Accelerating Commercialisation The Entrepreneurs Programme offers services tailored to support individual circumstances and is delivered through three elements.

25 Industry Growth Centres

Cooperative Research Centres (CRC) Programme The CRC Programme supports industry-led collaborations between industry, researchers and the community.

26 Cooperative Research Centres (CRC) Programme The CRC Programme supports industry-led collaborations between industry, researchers and the community. The CRC Programme aims to: Improve the competitiveness, productivity and sustainability of Australian industries, Foster high quality research to solve industryidentified problems; and Encourage and facilitate small and medium enterprise (SME) participation in collaborative research.

27 IP Toolkit for Collaboration The Australian IP Toolkit for Collaboration (IP Toolkit), a joint project with IP Australia, is designed to facilitate, simplify and improve collaboration between researchers and industry. The IP Toolkit has three parts: Guides Tools Contract The Toolkit can be found on or phone

Contact us Department of Industry, Innovation & Science Name Tim Williamson Phone 0428 103

28 Contact us Department of Industry, Innovation & Science Name Tim Williamson Phone Visit Call the hotline on

29 Questions?

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