The Federal Budget is just around the corner. The Australian government has come a long way in offering grants and tax incentives for the startup community and its investors. However, there’s a lot more to do to support innovation. Shendon Ewans, co-founder and CEO of digital bill payment service Gobbill,says the R&D tax incentive is an important lifeline for startups to continue investing in innovative solutions. “Gobbill has spent the last three years and most of our funding on R&D to develop artificial intelligence in fraud checking and bill payment automation, which has allowed us to file local and international patents and export contract opportunities. “This is testament to the fact that the tax incentive should remain. Any notion to reduce or cap it may have an adverse effect on Australian innovation,” Ewans cautions.
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