POWERS IS A LEADER IN THE INNOVATION SPHERE. WE HAVE PAVED THE WAY FOR CLIENTS TO DEVELOP THEIR BUSINESS AND PRODUCTS AHEAD OF THEIR INDUSTRIES AND COMPETITORS
Different kinds of funding available
At Powers, we have an eye on the future and want our clients to capitalise on these opportunities. We have prepared an overview of some of the different kinds of funding that are available for innovators.The Research & Development (R&D) Tax Incentive is a broad-based program intended to support Australian innovation.
The Research & Development (R&D) Tax Incentive is a broad-base program intended to support Australian innovation and competitiveness by providing tax offsets for eligible expenditure incurred to undertake experimental activities to generate new knowledge to develop a new or improved material product, device, process service or methodology.
The Export Market Development Grants (EMDG) Scheme is a key Australian Government Financial Assistance Program for aspiring and current exporters. The scheme allows you to claim 50% of your expenditure in relation to developing export markets with some exclusions and limits based on the type of expenditure.
There are Government Grants available that aim to provide targeted support to start-ups and small businesses and capitalise on emerging industries. These grants are available to support activities that prove that a business’ idea will assist with identifying a market or investor for a new or improved product, process or service.
There are other grants that aim to support economic growth and sustainability of regions across Australia by supporting investment in priority infrastructure.
Our team at Powers are experts in attaining grants. If you think that you are eligible, we can help make the application process easier so that you can focus on the innovative measures for your business allowing you to develop your business or product into one for the future.
Speak to Brett Plant about your innovation opportunities today.
T 07 3906 2888