AusBiotech calls for better incentive for investment in young biotech firms

4 August 2015

AusBiotech on Tuesday said it is proposing greater incentives for investors pledging support for start-up and pre-revenue companies. The trade group said it has submitted a supplementary proposal for the government’s tax review and white paper process.

The non-profit industry body for the biotechnology sector, said the lack of long-term venture capital investment in the sector is impacting the industry’s ability to grow at its potential rate.

As per the proposals:

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