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ANNOUNCEMENTS
May 2016

Everyone can innovate. Innovation means coming up with new ways of doing things. Bringing innovation into your business can help you save time and money...


September 2015

Sam Tomarchino joins the team.


July 2014

Composite Group has achieved status as a Registered R&D Service Provider. (RSP). That means we now conduct your R&D under Contract....


December 2013

Composite Group are pleased to announce that we have been successful in securing a renewable Energy Grant for one of our clients....


September 2012

Composite Group are pleased to announce a new approach to R&D management to suit the more stringent requirements in the definition of R&D for 2012.



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Composite Group News

May 2016

INNOVATION

Everyone can innovate. Innovation means coming up with new ways of doing things. Bringing innovation into your business can help you save time and money, and give you the competitive advantage to grow and adapt your business in the marketplace. Innovation is important to every sector of the economy – from ICT to healthcare, education to agriculture, and defence to transport. Innovation keeps us competitive. It keeps us at the cutting edge. It creates jobs. And it will keep our standard of living high. The government’s innovation statement includes over twenty policies, several of which are aimed at startups and investors. Some are new, some are just re-branded existing ideas. Provided they pass the parliament, most of the policies would not take effect until the 1st of July 2016, and some even later. Here they all are the ones startups need to worry about:
  1. More early-stage capital
The innovation statement includes tax incentives for early-stage investors – a 20% tax offset on investments in startups, capped at $200,000 per investor per year. Further, investors who hold their stake in startups for more than 3 years can realise a capital gains tax exemption. The tax deduction and capital gains tax exemption are valid only for investments in companies that are less than three years old, are not listed on a stock exchange, and have expenditure and income of less than $1 million and $200,000 in the previous year, respectively. The tax incentives come alongside recently introduced legislation to ensure equity crowdfunding is a possibility for some startups.
  1. Less restrictions on venture capital
Partners in early stage venture capital funds will receive also receive a 10% tax offset on the capital invested during the year. Further, the maximum size of an early stage venture capital fund will be increased to $200 million from $100 million, and partners will no longer be required to divest from a company once its stake exceeds $250 million.
  1. Bankruptcy laws
The default bankruptcy period will be reduced from three years to one. Directors will be protected from personal liability for insolvent trading if they appoint a restructuring adviser to develop a turnaround plan. Contracts that terminate solely because a company is insolvent will be unenforceable if a company is undertaking a restructure.
  1. Biomedical Translation Fund
The government is establishing an independent, $250 million fund to invest in “promising biomedical discoveries.” The aim is to commercialise medical research conducted by public institutions, and stimulate more private sector investment after initial seed rounds.
  1. Expanding STEM and helping students use digital technology
The government will spend $13 million over five years to encoruage women and girls to enter and remain in STEM careers. This will include expanding a Gender Equity pilot program and partnering with the private sector. $51 will be spent over five years to create programs for students grade 5 – 12, and support teachers improving digital literacy.
  1. Landing pads and collaboration for going global
The government will create five “landing pads” in Silicon Valley, Tel Aviv and three other locations to support Australian startups going global. $22 million in seed funding will also be used to assist collaborations with international research bodies.
  1. Taxation
Changes to the way company losses are treated will allow businesses to claim previous losses even after they pivot to new opportunities, provided they use similar assets and generate income from similar sources. “Intangible assets” such as patents or copyright will now be treated the same as other assets, for taxation purposes. The ability to depreciate intagible assets at a similar rate to other assets will reduce the cost of investment in intellectual property.
  1. Incubators and accelerators
The government is setting aside $8 million to develop new incubators and accelerators. The program will also see “Commercialisation Advisers” and other experts embedded within programs.
  1. Employee share scheme
Disclosure documents given to employees under an employee share scheme will not need to be made public – startups were concerned about the cost of producing the documents and the potential for commercially sensitive information to leak.
  1. A digital marketplace
The government will create a digital marketplace so that startups can more easily tender for government contracts. The government currently spends more than $5 billlion a year on ICT, while the process to win a government contract can cost as much as $10,000.

 


September 2015

Sam Tomarchino joins the team


July 2014

Composite Group has achieved status as a Registered R&D Service Provider. (RSP). That means we now conduct your R&D under Contract. Also if your expenditure is less than $20,000 p.a. it can still be claimed under the R&D Tax Incentive.


December 2013
Renewal Energy Grants

Composite Group are pleased to announce that we have been successful in securing a renewable Energy Grant for one of our clients.

We will project manage this on their behalf.

The grant relates to green energy installations and reductions in energy costs.

Here at Composite Group, we have the technical skills to provide you with a new approach towards analysing the management of energy demands.

Contact us now for a free consultation.


September 2012
R&D Management

Composite Group are pleased to announce a new approach to R&D management to suit the more stringent requirements in the definition of R&D for 2012.

The Group will be holding seminars to demonstrate this new approach associated. For more information, please contact us now for more details.


June 2012
R&D Tax Incentive

Composite Group welcomes the new Research & Development incentive effective for financial years commencing post 8 September 2011.

The new program emphasises innovation based on new knowledge pursuant to the state of the art disclosed in the literature.

This extra emphasis on technical innovation means Composite Group is well placed to assist Company’s with their strategies.

Contact us now for more details.


May 2012
Government R&D Program

The technical details of the R&D program are such that much more efficient results can be derived from using our protocols. We bring a professional proactive approach to Companies with technical projects and use our specialised resources to bridge legislation and its implementation. Contact us now for a free consultation.

New Energy Program Grant

Does your Company use more than 300MWhr per annum? If the answer is yes, you should contact us to have your energy requirements assessed both for R&D and for the Green Energy program


March 2011
The Sensation of Innovation Seminar, Thursday March 24th

On March 24, the Composite Group will hold its first seminar on innovation, The Sensation of Innovation, presenting proven international methods to boost your business. The morning's presentations are:

  • Systematic Innovation by John Maclay of Hargraves Institute, previously 3M Business Manager
  • Brand Innovation by David Bickett of Mind Fusion, previously Telstra Marketing Manager
  • Challenges of ITC and Innovation by Narelle Clark of the Internet Society, previously CSIRO and Optus R&D
  • Review of the ABC of R&D by Chris Doubae, Composite Group

We will welcome you at the Westin Hotel, 1 Martin Place, Sydney from 8.30 am for morning coffee. The cost is just $495. Lectures will be held between 9 am and 1 pm, and will be followed by a light lunch.

Register for this unique event by emailing Liess Boelan or by calling 0403 979 929.


August 2009
International Technology Transfer

At Composite Group we recognize that the world of technology is moving at an ever-faster rate of change. We have been searching for good networking opportunities for commercial technology transfer for the past few years. We believe we have now found the ideal solution.

We are pleased to announce that we have reached an agreement with an international network of technology companies to connect Australian technology-based businesses with other international technology businesses.

We look forward to introducing this to current and prospective clients as we expect this will add value by way of accessing international links, for entry in to new markets.

Also it will help by allowing us to find new offshore technologies that assist our clients to add value to their business operations!

We see technology transfer projects for companies that have completed good R&D Projects and are seeking opportunities to explore Global Markets are a good way of delivering value for our clients.

Do you find yourself caught in a web of complexities and find it difficult to see the way forward??

It is designed to assist companies that are working on new technologies to:

  • See what areas have already been patented
  • Trend forecasting - See what areas of opportunity for new areas of invention
  • Review the scope for avoidance of infringement

These are points that should be high on the agenda for any executive working in a technology based business.

Please feel free to use our on-line On-Line Enquiry Form.


2007
Valuing Intellectual Property
The group now has links to major licensing networks around the world so that any company with Intellectual Property can evaluate licensing options.

This is a particular reason why IP should be considered when recording assets on the company balance sheet. even if only valued at $1.

There are methods for assessing the best treatment for IP and these should be conducted in conjunction with the company accountants.

Please feel free to use our on-line On-Line Enquiry Form.

6 December 2006
Importance of Intellectual Property Planning and Implementation
Chris Doubae added this section to the announcements on the Composite Group website as it is an area which is often not well understood.

The importance of setting up an Intellectual Property Plan and checking to be sure there is an implementation program to deal with it cannot be overstated.

It is especially important when undertaking Research and Development or Technology Transfer.

Innovators, Directors and Companies need to be sure that they have a program for rolling reviews of their Intellectual Property positions and that they have a strategy to deal with them.

Some type of line item in the accounts is one way of being sure that the subject stays on the agenda - even though this subject is somewhat contentious.

If anyone would like a free consultation on this point we would be pleased to undertake a simple review.

This is a subject where early errors compound over time and become increasingly expensive to correct!

Please feel free to use our on-line On-Line Enquiry Form.


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