R&D Tax Incentives for Connected Health SMEs
The Research and Development Tax Incentive (R&DTI) regime has been the Australian Government’s primary mechanism to support innovation in Australia since 2011. The R&DTI provides significant benefits to both Australian and foreign companies undertaking R&D activities in Australia by offering a tax offset for companies conducting eligible R&D activities. It encourages investment in R&D to help your company to grow and innovate which generates benefits for the Australian economy. Depending on their turnover, businesses may be eligible for a refund or tax credit. Eligible ventures with an aggregated turnover of under $20 million can receive up to 43.5 cents for every R&D dollar they invest.
This workshop aims to provide you with comprehensive insights and practical guidance on leveraging R&DTI to maximise the value of your research and development activities. During this workshop we will explore the various aspects of the R&DTI program, including its eligibility criteria, claimable expenses, and documentation requirements. We will delve into the specific challenges and opportunities that connected health SMEs face in claiming incentives, ensuring that you have a clear understanding of how to navigate the R&DTI regime.
Who are the speakers?
Our expert speakers Antoinette Quinlan and Simon Bowles from the Deloitte’s Global Investment and Innovation Incentives (Gi³) group and Tim Hynes from Radium Capital, will share their knowledge and vast experience, provide valuable tips and strategies for optimising your R&D tax claims. A number of relevant case studies and success stories will be highlighted, demonstrating how the RDTI has been successfully utilised by companies to fuel their growth and innovation.
At the conclusion of the workshop, there’ll be an opportunity to network and collaborate with the expert speakers and fellow connected health SMEs.
What will you learn?
By the end of this workshop, you will have:
- A solid understanding of the R&D Tax Incentive, types of incentives, eligible activities and who should apply
- Knowledge of the claim process and necessary evidence
- Learn how non-dilutive R&D financing can be used to fund incentives to assist cashflow to your business and progress innovation
- Effectively leverage the financial benefits offered through the R&DTI regime
Who can attend?
CHICC workshops are free to Victorian Digital and Digitally Enabled Medical Technology Companies thanks to the support of the Australian Medtech Manufacturing Centre and the Victorian Government Department of Jobs, Skills, Industry and Regions.
Plus, attendees will have the opportunity to meet, connect and collaborate with the 2023 ACTIVATE Cohort.
Conditions:
- CHICC workshops are free to Victorian Digital and Digitally Enabled Medical Technology Companies thanks to the support of the Australian Medtech Manufacturing Centre and the Victorian Government Department of Jobs Skills Industry and Regions.
- All participating companies will be required to participate in post-workshop surveys as a condition of registration. Companies which do not complete post-workshop surveys may be required to pay a registration fee for any future workshops.
- Numbers are strictly limited with only 30 seats available at each workshop.
- ANDHealth reserves the right to allocate limited availability to maximise the number of companies that will benefit from the program.
NOTE:
If you are interested in participating in this workshop but have not attended past ANDHealth events or programs within the last three months, you are required to fill out the following form: CHICC General Visitors Form