Research & development innovation

We deliver tailored and competitively priced solutions to help you achieve your business goals.

Whether your organisation is a multinational or a small to medium sized business, we can facilitate your research and innovation strategy.

Our creative research capabilities can:

• assist your business across a broad range of multidisciplinary areas
• provide innovative packaged solutions
• help you discover new and marketable processes, products and services.

We collaborate with partners on:

• research and development
• maximising value
• leveraging competitive advantage
• developing collaborative partnerships
• creating opportunities
• building reputation
• managing risks
• increasing financial rewards
• government and Victoria University internal research grant applications.

Victoria University is a Registered Research Service Provider that is recognised as having expertise to perform research and development on behalf of other companies.

The R&D Tax Incentive program helps businesses offset some of the costs of doing R&D to incentivise businesses to undertake R&D and innovate.

The program is open to firms who are conducting eligible R&D, including R&D activities contracted through Registered Research Service Providers like Victoria University.

The R&D Tax Incentive has two core components:

• a 43.5% refundable tax offset to eligible entities with an aggregated turnover of less than $20 million per annum
• a non-refundable 38.5% tax offset to all other eligible entities.

Advice can be found from a variety of professional service providers, including the business.gov website or the Australian Taxation Office.