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R&D and venture capital focus

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AUSTRALIAN businesses can learn more about becoming innovative and internationally competitive at the AusIndustry stand at NMW 2004.

AusIndustry provides a range of assistance products in the form of grants, loans, tax concessions, duty concessions and support for investment by venture capital firms.

A focus of the AusIndustry stand will be new research and development and venture capital products. These include the R&D Tax Concession, R&D Start and COMET program.

The R&D Tax Concession allows companies to deduct up to 125 percent of qualifying expenditure. R&D Start is a competitive, merit-based grants and loans program.

The Commercialising Emerging Technologies (COMET) program is delivered by private sector consultants, supporting individuals, and early-growth and spin-off companies to improve their potential for successful commercialisation.

Visitors will also learn how AusIndustry helps businesses conduct research and development; grow their small business; commercialise a venture; and gain access to scientific resources.

Every year through 21 state and regional offices, AusIndustry delivers approximately $2 billion to an estimated 9,000 Australian businesses.

AusIndustry is a Division of the Department of Industry, Tourism and Development. Stand 2700.

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