Committing to the Innovation Nation
Why the R&D Tax Incentive is So Important for Australia
Innovation is a ubiquitous term in policy circles in modern Australia. But one policy initiative, the Research and Development Tax Incentive, has been a huge success in driving innovation in Australia, creating new industries, and boosting our economy.
This report assesses the impact recent uncertainty surrounding this policy has had on investment in the Australian biotechnology industry, and argues why the R&D Tax Incentive is so important for the future of Australian innovation.