Australia’s peak business lobby is urging the Albanese government to introduce a suite of new incentives to de-risk research and development investment and motivate businesses to develop IP locally.
The incentives, which include a business loan scheme modelled on Canada’s Strategic Innovation Fund and tax credits for onshoring innovation, are designed to respond to the country’s “underperforming” R&D system.
The Business Council of Australia (BCA) also wants the cap on …
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