Rhythm receives R&D tax incentive refund Predictive cancer diagnostics technology company Rhythm Biosciences has received multiple tranches of its research and development tax incentive (RDTI), totalling $3.23 million. This total is made up of approximately $1.24 million in relation to FY23, being a second tranche of funds following the submission of an amended FY23 tax…
Today in our editorial series – Towards 3% R&D – Turbocharging Australia’s Innovation Effort – we turn to the main support mechanism available for innovation – the R&D Tax Incentive. By Kris Gale. In Minister Husic’s 3% R&D drive to survive, one constant refrain in the Government’s innovation support story is the need to make…
The federal government has published the latest Science, Research and Innovation budget tables, and will spend $12.6 billion in the 2023 – 24 financial year, made up of $9.2 billion in direct R&D and $3.4 billion through the Research and Development Tax Incentive. According to a statement on Thursday from industry minister Ed Husic, the…
