Views

Our views on all aspects of Innovation

Business innovation and why it is worth supporting

Business innovation and why it is worth supporting

The Office of Innovation & Science Australia (OISA) released a Report in January 2020, titled Australian Business Investment in Innovation: levels, trends, and drivers.  Although there is not much that is new in this Report, it provides enough insight to lay a few...

The R&D tax incentive: Ditching the Intensity Test

The R&D tax incentive: Ditching the Intensity Test

The Senate Economics Committee will deliver its Report into the Morrison Government’s proposed changes to the R&D Tax Incentive (RDTI) in August 2020.  A key aspect of this Report will relate to the proposed R&D intensity test for companies with >$20M...

Reforming Government support for manufacturing

Reforming Government support for manufacturing

How should Government support the advanced manufacturing sector after COVID-19?  Manufacturing in Japan, South Korea, Singapore, Taipei and mainland China have always profited from State sponsorship of key industries.  Germany, France and the EC have followed the same...

Reshoring manufacturing

Reshoring manufacturing

As part of its record economic stimulus package released in April 2020, the Japanese Government announced a ¥220Bn (USD$2Bn) for Japanese manufacturers to reshore production from China to Japan arising from supply chain disruption caused by Covid-19, including ¥23.5Bn...

Preparing for COVID 19 Stimulus 3

Preparing for COVID 19 Stimulus 3

Keeping people in jobs and trades with higher skills and keeping them productive is the key to social and economic harmony.  As the Government starts work on Stimulus 3, there are a few things to consider: Economic nationalism (or regionalism) is a new norm Brand...

The agile innovator eats crises for breakfast

The agile innovator eats crises for breakfast

Amid the lock downs, self-isolation, ventilator shortages, and empty supermarket shelves that is the fear fodder for the media herd, the innovative business sees things differently. The agile innovator is taking stock of what is happening, how their business is...

Industry policy and the shadow of laissez-faire

Industry policy and the shadow of laissez-faire

The doctrine of “laissez-faire” is ascribed the answer Jean-Baptiste Colbert received, when he asked industrialists what the government could do to help business: “Leave us alone.”  Colbert was then the comptroller general of finance under King Louis XIV of France in...

Trends in Government innovation funding

Trends in Government innovation funding

Post-election we distilled four key trends that are reshaping Government funding of innovation. And suggest in a very practical way how can business profit from them. Trend 1:  More money and more complexity Federal and State Governments invests $10Bn+ annually in...

The benefits of grant funding

The benefits of grant funding

Business often scoffs at Government grant opportunities – grant applications either demand to much detail, or appear too persnickety, or take too much time jumping through ever narrower and seemingly less relevant hoops.  Yet many successful Australian businesses and...

Why Advisory Boards make sense

Why Advisory Boards make sense

Advisory Boards are not new, but they are seldom used by early stage or established businesses vehicle for learning and support or business growth. This is hardly surprising. Businesses are started by men and women who want to make their own decisions or do it their...

Why University collaborations work

Why University collaborations work

In Europe, Universities and research institutes (the seats of learning) have always been closely, if not strategically associated with industry. The mutual benefits of that association to support innovation have been nurtured since the Renaissance - it is commonplace....

Why invest in R&D?

Why invest in R&D?

This is a re-purposed post from Dr Ken Foster, an R&D consultant in the USA, and is mirrored by the Harvard Business review.  It neatly encapsulates aspects of our philosophy, namely that your investment in R&D is a strategic lever for growth. Leaders and...