Presented by Darryn Keneally
Unlocking Government Funding
Strategies for Business Growth Using Government Money
Darryn Keneally | Keneally & Associates
RDTI Overview
What is RDTI?
Australia's largest innovation incentive program.
Encourages businesses to invest in research and development.
Administered by AusIndustry and the Australian Taxation Office.
Provides a tax offset for eligible R&D expenditure.
Why Does the Government Offer It?
To encourage innovation.
To improve Australia's global competitiveness.
To create jobs and economic growth.
To support commercialisation of new products and technologies.
What Activities May Qualify?
Developing new products.
Creating new software.
Improving manufacturing processes.
Engineering and prototype development.
Artificial Intelligence and machine learning projects.
Agricultural innovation.
Medical and biotechnology research.
Technical problem solving involving uncertainty.
RDTI Overview
The Research & Development Tax Incentive rewards businesses undertaking
eligible experimental activities involving technical uncertainty and innovation.
Key Test for Eligibility
Ask:
"Could a competent professional know the outcome before we started?"
THE THREE QUESTIONS EVERY BUSINESS OWNER SHOULD ASK (3 Minutes)
Whenever I meet a business owner, I ask three simple questions.
Question 1
Are you solving a technical problem nobody has solved before?
If yes, you may have R&D activities.
Question 2
Are you documenting your experiments and development work?
If not, start immediately.
Question 3
Could your product or service be sold internationally?
If yes, export support may be available.
RDTI Overview
Eligible Costs
Employee wages.
Contractor costs.
Prototype development.
Materials consumed during testing.
Software development costs.
Testing and experimentation expenses.
Key Message
"The government isn't funding success. It's funding experimentation."
WeedSniper Case Study
Featured on Shark Tank Australia.
Demonstrates product development, prototyping, testing, IP
creation and commercialisation.
Lessons from WeedSniper
• Innovation creates value
• Documentation supports claims
• IP improves valuation
• Commercialisation drives growth
Maritime Security Dome
Innovative security solution for luxury yachts featuring:
• 360° surveillance
• GPS tracking
• Tamper alerts
• Remote monitoring
Global Market Opportunity
Target markets include luxury yachts, commercial vessels, government fleets and marinas.
Luxury yacht and maritime security sectors represent multi-billion-dollar opportunities.
EMDG Overview
Export Market Development Grants support businesses entering overseas markets
through promotion, market development and export growth.
What is EMDG?
Australia's flagship export assistance program.
Helps businesses enter and expand into overseas markets.
Administered by Austrade.
Why Does the Government Offer It?
To increase Australian exports.
To create jobs.
To strengthen Australia's economy.
To help Australian businesses compete globally.
What Can Be Supported?
Export marketing activities.
International business development.
Overseas market research.
Trade shows and exhibitions.
Digital marketing for export markets.
International partnerships and distribution channels.
EMDG Overview
Who Should Consider EMDG?
Manufacturers.
Technology companies.
Agribusinesses.
Service businesses.
Product developers.
Businesses with export ambitions.
Export Readiness Questions
Can my product be sold internationally?
Is there overseas demand?
Do I have a competitive advantage?
Can I scale production?
Combining RDTI + EMDG
RDTI supports innovation.
EMDG supports exports.
Together they provide a powerful growth strategy.
Questions
Thank you