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Innovation and R&D


COMET R&D Tax Concession

COMET is a competitive, merit-based grants program that supports the commercialisation of innovative products, processes and services.
 

The program enables Australian companies to deduct up to 125% of their research and development expenditure when lodging their tax returns.

Climate Ready Program Green Building Fund (GBF)

The program is a competitive grants program providing grants matching funding basis to support R&D, proof-of-concept & commercialisation activities to develop solutions to climate change challenges.
 

The initiative is designed to help Australian businesses implement cost saving energy efficiency measures through retrofitting and retro-commissioning of existing commercial buildings.

Re-tooling for Climate Change (RCC)

Green Car Innovation Fund (GCIF)

The program is targeted at assisting Australian manufacturers improve their production processes, reduce their energy use and cut carbon emissions.

GCIF is a competitive grants program supporting design and development activities in Australia to reduce fuel consumption and/or greenhouse gas emissions of passenger motor vehicles.

Industry Cooperative Innovation Program (ICIP)

R&D Tax Credit

The program provides up to 50 per cent of the eligible expenditure costs to support projects focused on meeting a strategic industry sector need.

R&D Tax Credit is a broad-based, market driven package to replace the R&D Tax Concession with a tax credit system.

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