SMEs receive grants to link with global markets

The federal government has announced grants worth $1.6 million to help SMEs and researchers to connect with global markets. Twenty researchers and 14 small businesses are being supported in Round 4 of the Global Connections Fund (GCF) Bridging Grants. Industry minister Karen Andrews said: “These grants provide a critical pathway for Australian businesses and researchers…

Bionomics receives huge R&D tax refund

Biopharmaceutical developer Bionomics (ASX: BNO) has received a $5.2 million R&D Tax Incentive Refund for 2018/2019 recognising its intense product development efforts. The company, which is developing a number of novel drug candidates based its unique ionX platform technology, appears to have received one of the largest refunds for the year. While most young drug…