The Australian government has engaged Kreoh, a Dublin-based AI engine for R&D tax consultants, to provide recommendations as part of a comprehensive strategic examination of the country’s research and development (R&D) ecosystem.
Kreoh deployed teams to Australia’s key innovation hubs in Brisbane, Sydney, and Melbourne to assess the potential for R&D incentivisation amid the accelerating pace of AI-driven change.
The company, which has offered insights to businesses, institutions, and governments on maximising R&D payments since its founding, contributed expert submissions to inform Australia’s strategic planning.
In 2024, Australian government support for R&D was projected at A$14.4bn ($9.2bn), equivalent to 0.52% of GDP. This comprised A$4.3bn in industry R&D tax measures and A$10.1 billion in other budgetary allocations.
The company highlighted the need to incentivise and facilitate collaboration in Australia, adding that universities and businesses often operate in separate spheres.
They also recommended establishing clear digital pathways to connect talent, research, and commercial goals, ensuring broader participation in the innovation economy.
Kreoh co-founder and managing director Garry Tiscovschi said: “On first examination, our experts found that the country’s existing system for R&D innovation is fragmented, but is eminently fixable. A priority should be a more digitally connected, AI-enabled R&D infrastructure that helps businesses scope, document and submit eligible R&D activity with confidence – and helps government track impact in real time.
“Australia’s R&D policy should also evolve to support modern innovation models – especially in software, AI and service design. The current definitions and compliance frameworks could hold back progress in high-growth, high-potential sectors.”
Kreoh’s involvement in Australia marks the latest step for the rapidly growing company, which has evolved from an AI advisory firm into a multi-agent AI engine focused on R&D tax credit applications.
Its AI engine enables professionals to ensure compliance and accuracy in submissions by combining AI precision with human expertise.
The Kreoh research engine supports consultants by intelligently searching the internet, processing relevant data, and integrating it into reports.
Kreoh serves a diverse international client base across the UK, Europe, and beyond, with applications in accountancy, R&D tax relief, insurance, utilities, and other sectors.
Garry Tiscovschi added: “We believe AI can help make Australia’s R&D system more transparent, more efficient and more impactful. It’s time to modernise how innovation policy is run – not just what is funded.”