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AusIndustry : Building Business, Powering Productivity. John Macdonald Marketing Manager Victoria. AusIndustry. TiE Presentation. Division of Department of Innovation, Industry, Science & Research (DIISR) - www.innovation.gov.au Other Divisions include: - Institute of Marine Science
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AusIndustry : Building Business, Powering Productivity John Macdonald Marketing Manager Victoria
AusIndustry TiE Presentation • Division of Department of Innovation, Industry, Science & Research (DIISR) - www.innovation.gov.au • Other Divisions include: - Institute of Marine Science - Office of the Chief Scientist - Commercialisation Australia - Australian Astronomical Observatory - CSIRO, IP Australia and Enterprise Connect
AusIndustry TiE Presentation • The Australian Government’s specialist business program delivery division • Delivers 35+ services & programs that build on the 3 key drivers of economic growth: - Innovation - Investment - International competitiveness • 20+ offices across Australia (4 in Victoria)
Small Business Assistance TiE Presentation www.business.gov.au How to plan, start & grow your business (inc marketing plans, advice for contractors, finding a business advisor, info on grants & Industry bodies)
Small Business Assistance TiE Presentation Small Business Support Line:1800 777 275 Advice on finance, cash flow management, Business planning, marketing - even stress or hardship counselling Small Business Online: 13 28 46 8 Victorian providers to help small businesses to go online (till 30 June)
Small Business Online Providers TiE Presentation www.ausindustry.gov.au/SmallBusiness/SmallBusinessOnline/Pages/SmallBusinessOnlineProviders.aspx • Brucemac P/L • Centre for Continuing Education • Chisholm TAFE • Continuing Education Bendigo • Darebin Enterprise Centre • Master Builders Ass’n of Victoria • NewBiz Solutions • Sunraysia Rural Counselling Service
Innovation - R&D Tax Concession TiE Presentation • Firms can deduct up to 125% of spending on ‘Australian-owned’ R&D activities on their corporate tax return • An R&D Tax Offset helps small firms ‘cash out’ tax losses (for ‘Australian-owned’ R&D only) • An R&D Incremental (175% Premium) Tax Concession for extra investment in Australian-owned R&D • 175% Incremental Tax Concession for extra spending on ‘foreign-owned’ R&D
What is R&D ? TiE Presentation R&D activities must: • Be systematic, investigative and experimental • Involve innovation or high levels of technical risk and are carried on to: • Acquire new knowledge, or • Create new or improved materials, products, devices, processes or services
Commercialisation Australia TiE Presentation • Helps Aust researchers, entrepreneurs & innovative firms turn their IP into successful commercial ventures: A) Skills & Knowledge< $50k to access specialist advice / services B) Experienced Executives <$200k to engage a CEO or senior executive C) Proof of Concept $50k - $250k to prove the commercial viability of new IP D) Early Stage CommercialisationRepayable grants ($250k - $2m) to get to market
What Part of a Project is Eligible? TiE Presentation Late stage commercialisation, pre-production at full scale, full production and certain marketing activities Late stage commercialisation, pre-production at full scale, full production and certain marketing activities Early Commercialisation and later stage Technical Work Early Commercialisation and later stage Technical Work Early investigation and basic research X X Early investigation and basic research X X
Commercialisation Australia Criteria TiE Presentation - Need for Funding • Turnover < $10m for A), B) & C) • Turnover < $20m for D) - Market Opportunity -Commercial Plan & Potential • Value Proposition • Execution Plan - Management Capability - National Benefits
Import and Export TiE Presentation • Tradex Upfront exemption on Customs duty and GST on imported goods intended for export …or used as inputs to exports • Enhanced Project By-law Scheme (EPBS) Duty free entry on eligible goods for major investments projects (over $10m)
Enterprise Connect TiE Presentation • Helps SMEs in key sectors embrace new skills and technologies • Free, comprehensive Business Reviews for eligible SMEs with a turnover > $2m ($1.5m for regional SMEs) • Call 131 791
Enterprise Connect TiE Presentation • Business Review • Detailed Report & Action Plan • Tailored Advisory Service • 50% up to $20k • Researchers In Business • From Uni or Public Research Agencies • Technology & Knowledge Connect • www.enterpriseconnect.gov.au
IP Australia TiE Presentation • Administers / maintain the Registers of the Patents, Designs, Trade Marks and Plant Breeder's Rights systems • Seewww.ipaustralia.gov.auor call 1300 651 010
Other Government Agencies TiE Presentation • Austrade:www.austrade.gov.auor 132 878 • Department of Broadband, Communications and the Digital Economy:www.dbcde.gov.au • Dep’t of Resources, Energy & Tourism:www.ret.gov.au • Keep Australia Working:www.keepaustraliaworking.gov.au/pages/Employer.aspx • Business Victoria:www.business.vic.gov.au • Economic Development Manager @ your Council
Contact AusIndustry TiE Presentation • John Macdonald - Ph: 9268 7576 or Email:email@example.com • AusIndustry Hotline: 13 28 46 • Email:firstname.lastname@example.org • Visit:www.ausindustry.gov.au • Subscribe to AusFocus (our e-bulletin)!!