Innovation is key to taking your business to the next stage. From developing new products to improving processes and expanding into new markets, investing in research and development (R&D) can set your business apart. The Australian Government’s Research and Development Tax Incentive (R&D Tax Incentive) and related grants provide vital support to help companies innovate, grow, and remain competitive both locally and internationally.
What is the Research and Development Tax Incentive?
The Research and Development Tax Incentive helps businesses offset some of the costs associated with eligible R&D activities. Administered jointly by the Australian Taxation Office (ATO) and the Department of Industry, Science and Resources (DISR), it is the Government’s most significant tool for funding innovation.
Businesses of all sizes can access the program, which encourages projects they might not otherwise undertake. To claim the tax offset, R&D activities must be registered with DISR. The ATO manages payment and ensures the expenditure is eligible under tax laws.
Aims of the R&D Program
The R&D Tax Incentive is designed to strengthen the Australian economy by:
- Encouraging companies to undertake research and development that may not otherwise occur.
- Supporting smaller businesses to participate in R&D with more accessible incentives.
- Providing predictable, less complex assistance for companies engaging in innovation.
Through these measures, the program drives productivity, competitiveness, and long-term growth across industries.
Innovation and Grants with Matthews Steer
Whether you’re a startup or an established business, our Innovation and Grants team can help identify and secure government funding to support your growth plans. This includes the Research and Development Tax Incentive, the AusIndustry Industry Growth Program and other grants tailored to your business objectives.
Grants are equally vital for growth, offering opportunities to source capital and take your business to the next stage. With no room for error in applications, working with a trusted team ensures your chances of success are maximised.
Why Partner with Matthews Steer
Applying for government funding or R&D tax incentives requires a high level of detail, knowledge, and timing. At Matthews Steer, we provide:
- Expert guidance on eligibility, criteria, and application processes.
- Up-to-date information on grant releases and funding allocations.
- Proven strategies to submit compelling applications.
- Access to a network built over 30 years, connecting you to the right people and services for business success.
Meet the Grants & Innovation Team
Our team is led by Dr Richard Wraith, an R&D funding specialist with a PhD in engineering and over 15 years of experience securing more than $250 million in government funding. Supported by experts in science, engineering, and technology, Matthews Steer offers a proven track record and a high success rate in obtaining grants and R&D tax offsets for clients.
Our team can support you every step of the way, helping your business grow through structured innovation and funding opportunities.
Take the Next Step in Your Business Growth
The R&D Tax Incentive and government grants aren’t just opportunities. They are tools that can accelerate growth, fund innovation, and open doors to new markets. Don’t leave growth to chance. Speak with Matthews Steer today and let our team help secure the funding your business needs to reach the next level.
To make an appointment with Richard Wraith, please call us on 03 9325 6300 or get in touch online to book an appointment.
Published September 2025