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Not knowing you are an Innovator could cost your business significantly

As defined by; ‘Being innovative means doing things differently or doing things that have never been done before. An innovator is someone who has embraced this idea and creates environments in which they and their employees are given the tools and resources to challenge the status quo, push boundaries and achieve growth.”

According to the Australian Government website;

“Innovation means coming up with new ways to do things. You can change processes or create more effective products and ideas. Innovation can help you save time and money. It’s also key to your business developing a competitive advantage and creating a culture of innovative thinking and problem solving”.|

Throughout our many years of experience here at Hub Advisory Group we can attest that not knowing you are an innovator could cost your business significantly.

Why? Missed funding and resource opportunities.

Whether it be in product innovation, or the commercialisation of innovative products/services/processes, there are a host of innovation and research grants, incentives and funding opportunities available to businesses of varying sizes.

Take, for example, The Research and Development Tax Incentive (R&D Tax Incentive or R&DTI) which “helps companies innovate and grow by offsetting some of the costs of eligible research and development”.

You may be busy planning. launching or running your business and not have time to search for the range of incentives on offer. But can you afford to miss out on crucial funding? Professional assistance at this point could prove the perfect answer.

At Hub Advisory Group we have extensive experience in:

- identifying the funding opportunities available to your business, industry or sector

- interpreting, and documenting the eligibility criteria, and

- undertaking the application – and associated reporting – process.

If you’d like to make a time to discuss your business and how we can assist with your finances into the future give us a call on 4926 8000.

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