Grant Thornton Australia

Innovation is a key driver of productivity for businesses. To help them achieve their objectives, the government offers various programs such as the R&D Tax Incentive and government grants. These programs encourage businesses to develop new or improved products and services, lower environmental impacts, attract potential investment and keep Australian competitive on a global scale. The level of innovation support in Australia can be influenced by political cycles, however one of the main challenges is business awareness around eligibility for these key programs that support innovation and ESG initiatives. So, how can we change this disconnect and further showcase the importance of innovation incentives when it comes to ESG initiatives, given ESG is revolutionising the way businesses operate?