Run research and development

Commonwealth Scientific and Industrial Research Organisation

If you’re looking to expand your product or service, research and development (R&D) may be your next step. R&D often comes when your business is more advanced. However, some start-ups can benefit from early research in conjunction with places like Commonwealth Scientific and Industrial Research Organisation (CSIRO).

CSIRO can provide commercial innovation and research solutions for businesses of all sizes. They may be able to help you expand your business and explore R&D opportunities. Offering support and access to leading scientists and technology, they can help you solve some of your biggest challenges.

Find out how to work with CSIRO.

Research and Development Tax Incentive

The Australian Government provides support to Australian businesses through the Research and Development Tax Incentive (R&DTI). The R&DTI helps companies innovate and grow by providing a tax offset to conduct research and development.

There are different tax offset rates depending on your company’s aggregated turnover. There are a lot of requirements to be eligible to apply for the incentive. Make sure you do your research and your company is in a position to apply. The process can take time.

Learn more about the R&DTI from business.gov.au.

Medical Research Future Fund

The medical industry is known for its high cost to entry. If you work in the health and medical industry you may be eligible for the Medical Research Future Fund. It’s a $20 billion long-term investment from the Australian Government. Because of the cost to entry, the fund supports medical research and innovation to help improve Australia’s health system.

Learn more about the Medical Research Future Fund.