2012-2013 Expenditure stats
Total claimed: $261.5M
Statistics sourced from InnovationAustralia Annual R&D Tax Incentive Report 2013-14
About this sector
This industry typically develops alternative forms of generating energy or saving water or energy to reduce our overall environmental footprint. Clean technology companies recognise the finite amount of resources we have on our planet. Innovation is essential to continue to reduce energy consumption and improve new energy sources. R&D activities must be documented with desktop research, lab trials, emails, results and external research validation.
Examples of what could be claimed
- Improving energy efficiency of a product such as a vehicle
- Development of hydraulic system driven by wave energy
- Development of improved recycling or resource recovery process
- Improved monitoring or integration of technology for energy consumption for buildings