More than a decade after its introduction, the research and development tax incentive has been “life-changing” for Australia’s biotech industry and an example of how effective long-term consistent policy can be, according to AusBiotech chief executive Lorraine Chiroiu. A report commissioned by AusBiotech and completed by Deloitte Access Economics has found that for every $1…

The post Government incentive transforming local biotech sector, report finds appeared first on InnovationAus.com.

This post was originally published on InnovationAus.com.

More than a decade after its introduction, the research and development tax incentive has been “life-changing” for Australia’s biotech industry and an example of how effective long-term consistent policy can be, according to AusBiotech chief executive Lorraine Chiroiu. A report commissioned by AusBiotech and completed by Deloitte Access Economics has found that for every $1…

The post Government incentive transforming local biotech sector, report finds appeared first on InnovationAus.com.

This post was originally published on InnovationAus.com.