BCA Calls for New Investment Breaks to Anchor R&D in Australia
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BCA calls for new investment breaks to anchor R&D in Australia
Australia’s peak business lobby is urging the federal government to introduce a suite of new incentives to de-risk R&D 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 …
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