Resources

A man reviewing documents and a laptop, reflecting the focus needed to turn R&D into commercial results.

From Research to Revenue: How Australian Businesses Can Turn R&D Into Commercial Results

The Quick Version Ask a growth-stage CFO about R&D commercialisation in Australia, and you’ll hear a familiar frustration. The company is spending more on research and development than ever. The technology works. But somehow, the revenue hasn’t caught up. They’re not alone. In 2023–24, Australian businesses collectively invested $24.4 billion in R&D, an 18% jump … Read more

Alternative Finance in Australia: A Rising Trend Among Startups

The Quick Version Australian startup funding looks healthy from a distance. In 2025, venture capital investment hit $5.4 billion across 390 deals, according to the State of Australian Startup Funding report by Cut Through Venture and Folklore Ventures. That’s a 31% increase on 2024 and the third-largest funding year on record. But the headline obscures … Read more

Is your R&D tax refund taxable? Here’s the simple answer

The quick version Disclaimer: This content is general in nature and does not constitute financial, tax, or legal advice. Rocking Horse Group is a specialist R&D finance lender, not a tax advisor. The information below reflects publicly available ATO guidance as of May 2026. Always consult your accountant or R&D advisor for guidance specific to … Read more
A group of startup founders smiling and collaborating around a laptop and notebooks on a desk in a sunny office.

Startup support programs: A guide for founders

The quick version Starting an Australian business has never looked more promising on paper. Venture capital is flowing, the government is expanding R&D incentives, and a Dealroom and AWS report found Australia produces billion-dollar companies more efficiently than the US, UK, or China. But if you’re actually in the early stages of building something, the … Read more
Hands using a calculator next to a "LOAN AGREEMENT" document with keys on it, alongside a pair of reading glasses.

You’ve Claimed Once, But Can You Do It Again? How Repeat R&D Loans Work Across the Year

The Quick Version Three months ago, you were facing a cash flow gap that risked slowing your product roadmap. Your R&D Tax Incentive refund was still months away, while eligible spend continued to build. So you did the smart thing: you took out an R&D loan against that accrued expenditure and put the capital straight … Read more
Two professionals analysing financial charts at a desk, representing R&D collaboration and investment planning.

National Growth, Global Reach: Key Themes Shaping Australia’s R&D Landscape

Five themes every R&D-active business should be watching When Cooperative Research Australia brings together researchers, policymakers, and industry leaders at The University Club of Western Australia this May for Collaborate & Innovate 2026, the conversation won’t be about whether Australia can innovate. That question was settled years ago. The real conversation is about what happens … Read more
Financial charts and a pen next to a laptop, representing startup burn rate and valuation tracking.

How Delayed R&DTI Refunds Impacts Burn Rate For Startups & Valuation

The Quick Version You’ve spent $2 million on R&D this financial year. Your R&D Tax Incentive claim will return $870,000 at the refundable offset (your 25% company tax rate plus the 18.5% R&D premium, totalling 43.5% for most eligible companies under $20M turnover), and that number is probably sitting in your financial model right now, … Read more
software R&D accounting

Accounting for Software R&D: Capitalise or Expense? Deep Dive by Use Case

You’ve just closed a quarter where your engineering team shipped three major features, refactored your authentication system, and started building a new customer portal. Your finance lead asks: “Which of these costs should we capitalise?” The question sounds simple. However, the answer reshapes your balance sheet, influences investor conversations, and determines how much you’ll claim … Read more
Australian Subsidiary for R&D

Setting Up an Australian Subsidiary for R&D: Legal and Financial Considerations

When UK quantum computing firm Quantum Motion decided where to build their next laboratory in 2024, they had the world to choose from. They picked Sydney. When Korean industrial giant POSCO wanted to establish their first Critical Minerals R&D Lab, they chose Perth. What do these global innovators know that you might be missing? Australia … Read more
R and D ROI

The Real ROI of Innovation: Measuring the Payoff of Every R&D Dollar

For much of the last decade, Australian SMEs operated in a unique environment: A zero-interest-rate policy made capital abundant, and R&D budgets were treated as faith-based initiatives, necessary for the innovation narrative, but opaque in their financial attribution. That era has ended. With the Reserve Bank maintaining elevated cash rates and business investment expected to … Read more