While we welcome the innovation statement by the federal government this week, we think they could have done more in support of Australian owned software companies supporting efficiency improvements for Australian businesses.
Take what we do here at Tower Systems – we help small and independent retailers run more efficient, and therefore more profitable, businesses. The economic benefit is considerably beyond the cost of the software.
Being 100% Australian owned, long established and self-funded, we would use a benefit, such as a tax break, to invest in more software innovation. This means more jobs and more benefits for our customers.
We think this type of support would have a more immediate economic benefit. Indeed, the benefits would be upstream and downstream.
