Software companies unhappy with new R&D funding scheme

Published: March 15, 2021, 6:42 p.m.

Software companies are unhappy they've been all but written out of the government's new Research and Development funding system, which begins in just over two weeks' time. From 1 April a tax incentive will replace the Callaghan Innovation growth grant, however with the change comes a narrowed criteria, potentially shutting out hundreds of local firms. The government says it's aware of "teething problems" and is working on a fix. Emma Hatton reports.