Tim Williamson AusIndustry March 2016 Innovation.gov.au
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
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 investment momentum Reform insolvency laws New Funds - $200 million CSIRO Innovation Fund and $250 million Biomedical Translation Fund Incubator Support Programme
Culture and capital
Collaboration Innovation Connections Sharper incentives for engagement University Block Grants Global Innovation Strategy Critical research infrastructure Quantum computing Cyber Security Growth Centre
Collaboration
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
Talent and skills Digital literacy Expanding opportunities for women in STEM and entrepreneurship Improving Visa Arrangements Inspiring STEM literacy
Talent and skills
Government as an exemplar Innovation and Science Australia Digital marketplace Business Research and Innovation Initiative Public Data Strategy Data61
Government as an exemplar
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
business.gov.au Catering for all businesses one website - business.gov.au one contact centre - 13 28 46 one national network - AusIndustry s highly qualified staff: deliver Australian Government programmes provide expert support.
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
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
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 (20-199 FTE employees) 50% Large Business (200+ FTE employees) 75% Co-contributions cannot be in-kind
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
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
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
Entrepreneurs Programme The Entrepreneurs Programme offers tailored and targeted services to support innovation and growth in small and medium businesses.
Research Innovation Connections
Business Management
Accelerating Commercialisation Accelerating Commercialisation The Entrepreneurs Programme offers services tailored to support individual circumstances and is delivered through three elements.
Industry Growth Centres
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.
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 www.business.gov.au or phone 13 28 46
Contact us Department of Industry, Innovation & Science Name Tim Williamson Phone 0428 103 557 Email tim.williamson@industry.gov.au Visit www.business.gov.au Call the hotline on 13 28 46
Questions?