CSIRO/AIM Knowledge to Profit Event

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CSIRO/AIM Knowledge to Profit Event

  1. 1. Government Assistance for Business ausindustry.gov.au • 13 28 46 • hotline@ausindustry.gov.au •
  2. 2. Francine Lavan A/g Assistant State Manager R&D Incentives AusIndustry NSW State Office Yianni Mentis Deputy State Manager Innovation Grants AusIndustry NSW State Officeausindustry.gov.au • 13 28 46 • hotline@ausindustry.gov.au •
  3. 3. What is AusIndustry? • Commercialisation Australia• A division of the Department of Industry, • Clean Technology Innovation, Science, Research and Programs Tertiary Education (DIISRTE) • Textile, Clothing and Footwear Programs• Delivers grants and incentives on behalf of the Government • Structural Adjustment Funds (eg. IRIIF)• Head Office in Canberra • R&D Tax Incentive• Offices throughout Australia • Tradex • LPG & EPG Programs• Network of Regional Managers • Certain Inputs to Manufacture • EPBS ausindustry.gov.au • 13 28 46 • hotline@ausindustry.gov.au •
  4. 4. The Australian Government provides funding for Innovation Productivity Sustainability through all stages: R&D Commercialisation Production Growth Exportausindustry.gov.au • 13 28 46 • hotline@ausindustry.gov.au •
  5. 5. Innovation Productivity Sustainability Business R&D Commercialisation Production Growth Export AusIndustry AusIndustry AusIndustry AusIndustry Export Finance & AusIndustrySmall Business Support Line R&D Tax Incentive Venture Capital Funds Tradex Insurance Corporation TradexTCF Small Business Program Clothing and Certain Inputs to (EFIC) Certain Inputs to Manufacture Household Textile Commercialisation Manufacture Working capital guarantee Building Innovative Australia Buyer Finance Austrade Business Enterprise Capability Scheme Competitive Grants Advance Payment & Enterprise Connect Export Market Centres Performance Bonds Technology Development Grants Advisory Services program Producer Offset loan Partnerships Equipment (EMDG) AusIndustry Register Enterprise Connect Clean Technology Innovation Program Business Review AusIndustry Export Finance & Continuous Improvement Clean Technology Investment Program Insurance Corporation Program Enterprise Connect Enterprise Connect Clean Technology Food and Foundries (EFIC) Supplier Continuous Researchers in Technology and Investment Program Export payments Improvement Program Business Knowledge Connect Textile, Clothing and Footwear insurance Tailored Advisory Service Programs Foreign exchange facility Australian Government Skills Connect guarantee Dept of Broadband, DIISRTE National Workforce Development Fund Communications and ARC Linkage Programs Workplace English Language and Literacy Program the Digital Economy Industrial Transformation Investing in Experience digitalbusiness.gov.au Research Program Accelerated Australian Apprenticeships Initiative DIISRTE Australian Apprenticeships Mentoring Program Grants and Assistance Finder Enterprise Connect business.gov.au Enterprise Learning and Mentoring Workshops, Industry Intelligence & Networking ausindustry.gov.au • 13 28 46 • hotline@ausindustry.gov.au •
  6. 6. Businesses of all sizes and in all sectors of theeconomy that are doing eligible R&D activitiescan now register with AusIndustry to receive thenew R&D Tax Incentive. The R&D Tax Incentive lets companies offsettheir tax liabilities against expenses incurred inundertaking research & development activitieswhen creating new products, processes andservices
  7. 7. More generous rates of assistance• 45 per cent refundable tax offset for eligible entities with an aggregated turnover of less than $20 million – Quarterly credits system from 1 January 2014 for companies eligible for the refundable tax offset• 40 per cent non-refundable tax offset for all other eligible entitiesIncreased certainty for R&D investment• Decoupling from the corporate tax rate• Advance findings
  8. 8. Expanded program access• Allowing foreign companies with offshore IP access to the program• Increase in allowable overseas R&D activities – requires an overseas findingAccess to R&D expertise• Research Service Providers (RSP) who have met certain eligibility criteria• Companies using services of a RSP do not need to meet the $20,000 expenditure thresholdOther• If a company is owned 50% or more by a university, the company may still be eligible for a 40% non-refundable offset
  9. 9. Eligible R&D activities are defined as either ‘core’ or ‘supporting’ R&D activities• Core R&D activities requires that an experiment is conducted using the scientific method in order to address a significant knowledge gap• Supporting R&D activities must be either directly related to core R&D activities or in a production environment, undertaken for the dominant purpose of supporting core R&D activities
  10. 10. Step 1 Step 2 Register R&DFirms undertaking activities withR&D or considering AusIndustry (within 10undertaking R&D months of the end of theassess their eligibility financial year in which activities are undertaken) Maintain records to substantiate claims (activities and expenditure) Step 4 Receive benefit Step 3 Lodge claim with the ATO
  11. 11. Clean Energy Future Energy Technology Investment Program ($800 Clean Renewable million over 7 years)Efficiency Energy Clean Technology Food and Foundries Investment Program ($200 million over 6 years) Clean Technology Innovation Program ($200 million over 5 years)Carbon Land Price Sector
  12. 12. Competitive, 50:50Investment InnovationGHG Savings (actual savings) GHG savings (actual or estimated)How the project maintains/ Commercial potentialimproves competitivenessCapacity and capability to Technical strengthundertake projectNational benefits Management capability
  13. 13. • CT Investment final applications go to Clean Tech Investment committees• CT Innovation Final applications to Clean Tech Innovation committee• Innovation grants for >$3Million also go to Innovation Board• Committees meet every 6-8 weeks and recommend projects• AusIndustry delegate approves, then AusIndustry manages agreements and contract until completion• Ausindustry staff provide support thorughout the process – call us anytime!
  14. 14. For information on registration and eligibility of R&D activities orgrant programs• Contact AusIndustry• Visit the website | www.ausindustry.gov.au• Call the AusIndustry hotline | 13 28 46• Email the AusIndustry hotline | hotline@ausindustry.gov.auFor information on eligible entities and amounts you can claim• Contact the ATO• Visit the website | www.ato.gov.au• Call the ATO | 13 28 66• Email the ATO | innovationtax@ato.gov.au

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