Government Incentives Update – September 2023

Below is a summary of the key things that are happening in the Australian government incentives space at the moment.

Research and Development Tax Incentive (Federal)

  • Businesses with a 31 December year end must submit their FY2022 R&D applications to AusIndustry by 31 October 2023.
  • Businesses with a 30 June year end can submit their FY2023 R&D applications to AusIndustry any time up until 30 April 2024.

Export Market Development Grants (Federal)

  • Round 1 and Round 2 grantees can submit their FY2023 Milestone Reports to Austrade any time up until 31 October 2023.

Cooperative Research Centres Projects (Federal)

  • Round 15 opened on 3 August and will be closing on 14 September.  The Cooperative Research Centres Projects (CRC-P) grants provide funding for short-term research collaborations (matched funding of between $100,000 and $3,000,000).  It will focus on supporting projects with a focus in any of the following:
    • renewables and low emissions technologies
    • medical science
    • transport
    • value-add in the agriculture, forestry and fisheries sectors
    • value-add in resources
    • defence capability
    • enabling capabilities
    • food
    • soil and water
    • cybersecurity
    • energy
    • resources
    • advanced manufacturing
    • environmental change
    • health
    • circular economy.

If you would like to know more about these or any other government incentives in Australia, please get in touch to arrange a discussion. By Dave Corbin, Managing Director of Catalyst Solutions Australia.

Leave a Reply

Your email address will not be published.