Research, technology and innovation
The NSW Government is committed to ensuring manufacturing in the state not only survives, but thrives. The Government is investing for the future of manufacturing, and in 2014 allocated A$1.3 billion for the Department of Primary Industries to spend on far-reaching initiatives, including strengthening primary industry research and development (R&D).
NSW manufacturing businesses invested more than $1.3 billion into research and experimental development in 2013-14, keeping the state's manufacturers globally competitive, with world-class strengths in design, research, logistics, and information and communications technology.
For companies involved in R&D, the Australian Government's R&D Tax Incentive is a targeted, generous and easy-to-access entitlement program that helps businesses offset some of the costs of carrying out R&D activities. The program is open to firms of all sizes and in all sectors that are conducting eligible R&D.
In addition, Jobs for NSW is a NSW Government program that connects technology businesses and small to medium-sized enterprises working in key sectors of the NSW economy – including advanced manufacturing, logistics and infrastructure – to support the development of globally competitive business-to-business solutions that address compelling needs. Under the program, eligible companies can receive significant grants and funding.