Non Disclosure Agreements – should you use one?

By INNOVIC / September 11, 2018 / Handy Tips / No Comments

Do you need a Non-disclosure Agreement (NDA­)?  How can you get one? Yes – if you want to approach a third party with a view to manufacturing your product, or licensing your innovation, particularly if you don’t have any formal intellectual property protection in place. An NDA or confidenti...

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Someone “stole” my idea …. what can you do about it?

By INNOVIC / August 2, 2018 / Handy Tips / No Comments

 Intellectual Property theft is not as common as many innovators think.  But if it happens, you need to know what to do, and where to get help. Firstly, do you actually “own” the idea? Do you have any intellectual property protection on your idea and how strong is that protection?  Is it a grante...

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So … What do you call your business?

By INNOVIC / July 9, 2018 / Handy Tips / No Comments

How do you choose a business name?  Firstly, ensure you understand the difference between a business name, a company name, a trading name and a trade mark.  Not sure? https://asic.gov.au/for-business/registering-a-business-name/before-you-register-a-business-name/trading-names/the-difference-betw...

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Tips for start-ups and SMEs for the end of the financial year

By INNOVIC / June 4, 2018 / Handy Tips / No Comments

Get Ready – Tips for the end of the Financial Year If you are a start-up or SME you may want to consider what you can claim this financial year (30 June 2018). Here are some basics: A $20K asset deduction for the purchase of physical assets used in your business e.g. computers, phones, tools, [&h...

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What does it cost to start a business?

By INNOVIC / May 14, 2018 / Handy Tips / No Comments

What does it cost to start a business?  The costs you incur depend on many factors – including the type of business, your skills and resources, whether you need premises, equipment, staff, and the work involved in bringing your concept to market. In the early stages of a start-up boot strapping m...

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Tesla – Let history be the judge – By Roger La Salle, CEO Matrix Thinking

By INNOVIC / April 3, 2018 / Handy Tips / No Comments

We must be ahead of the curve? There can be no doubt that being first to market with a new initiative may demonstrate great leadership, but just how important is that, or perhaps more importantly, how risky is it? Innovation Defined I first coined my definition of innovation, “Change that Adds Va...

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Recognise this? Great product …. but no-one knows about it?

By INNOVIC / March 14, 2018 / Handy Tips / No Comments

Recognise this?  You have a brilliant product or service … but haven’t made many/any sales?  Six innovative ways to get your new product or service noticed. Promote locally – via relevant local businesses, community groups and organisations, neighbourhood websites, local media, council news...

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Does a corporate want your new idea? See who does …

By INNOVIC / February 5, 2018 / Handy Tips / No Comments

Does a corporate want your new product, service or solution? You may be surprised…. Many large companies now look to their customers, supply chains and the wider community to identify and help develop new products and services or to help them solve specific problems. The models may differ, but so...

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Export has never been easier – so how do you do it?

By INNOVIC / February 5, 2018 / Handy Tips / No Comments

Eight steps to export … First, ensure that export is appropriate for your company and develop an export strategy to plan your overseas expansion. Research your proposed markets – identify the distributors, networks, advisors and others you will need to enable you to sell into your tar...

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Need $$$ to develop or grow your business? Five funding sources…

By INNOVIC / June 5, 2017 / Handy Tips / No Comments

Are you looking for money to help develop or grow your new business idea?  Top five funding sources for innovators: R&D Tax Incentive – you are eligible if your company is incorporated in Australia, has an ABN and you have conducted eligible R&D activities with notional deductions (...

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