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2012-2013 Expenditure stats

Total claimed: $889M
Statistics sourced from InnovationAustralia Annual R&D Tax Incentive Report 2013-14

About this sector

This industry strives to develop improved formulation, materials and products used in laboratories or in industrial applications. Development usually follows a rigorous process to research, formulate and test in controlled environments. Testing must be documented with desktop research, lab trials, emails, results and external research validation.

 

Examples of what could be claimed

  • Development of a new temperature measurement device
  • Inventing a new high tensile material
  • Developing a chemical analysis machine
  • New or improved chemical formula

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