ESIC Calculator

ESIC Calculator

Early Stage Innovation Company Calculator will help you self assess if your company qualifies as a compliant ESIC.
The calculator provides results based on your responses to the questions on the assumption that your company is working towards an imminent capital raise. To achieve a useful result, you must answer the questions on the basis of the facts and circumstances, knowing that some aspects may improve with effort or over time, and or with this assistance of our education or tips. Ultimately you need to reassess immediately after the issue of the shares (the test time) and carry that assessment into an annual report to the ATO.

ESIC is a relatively new tax policy, therefore you cannot rely on the calculator alone. Incorrectly answering any of the questions is likely to lead to tax, other penalties or even litigation. You're advised to seek professional advice to confirm the facts and circumstances of the company and seek help when you answer the questions in the calculator.

The tool is designed for companies with a typical year end (30th June), if the company is two or more years older, and has a substituted accounting period, please contact us directly.

Early Stage Innovation Company (ESIC) Calculator

Before accessing this tool, you need to complete this form.

Name*

Email *

Are any of the company's equity interests listed on a stock exchange? *

Yes No

Is the company early stage? When was the company incorporated in Australia? *

The incentive is for underfunded early stage businesses. Were the total tax expenses incurred by the company and its 100% subsidiaries $1 million or less in the previous income year?*

Yes No

The incentive is for early revenue businesses. Did the company and its 100% subsidiaries have total assessable income of $200,000 or less in the previous tax year? *

Yes No

The incentives may not apply to sophisticated structured ventures. Is the company undertaking innovation activities solely on its own?*

Yes No

100-point innovation test

Select any or all of the following that applies to the company: *

Are any of the company's equity interests listed on a stock exchange? *

Is the company early stage? When was the company incorporated in Australia? *

Did the company register for GST and ABN within the last three income tax years? *

The incentive is for underfunded early stage businesses. Were the total tax expenses incurred by the company and its 100% subsidiaries $1 million or less in the previous income year?*

The incentive is for early revenue businesses. Did the company and its 100% subsidiaries have total assessable income of $200,000 or less in the previous tax year? *

The incentives may not apply to sophisticated structured ventures. Is the company undertaking innovation activities solely on its own?*

Received an Accelerating Commercialisation Grant

Greater than 50% of the company's total expenses in the previous tax year are eligible R&D expenses

Between 15% and 50% of the company's total tax expenses in the previous income year are eligible R&D expenses

The company is undertaking or has completed an eligible accelerator program

At least $50,000 has been paid for new shares, prior to this new investment

The company owns or has licenced rights to commercialise a standard patent or plant breeder's right granted in the last 5 years

The company owns or has licenced rights to commercialise an innovation patent or design right granted in the last 5 years

The company has a written agreement to co-develop and commercialise an innovation with a research organisation or university

None of the above

Is the company genuinely focussed on developing an innovation for commercialisation? *

Does the business relating to the innovation have high growth potential? *

Can the company demonstrate it has the potential to successfully scale up that business ? *

Can the company demonstrate it has the potential to address a broader than local market through that business? *

Can the company demonstrate it has the potential to have a competitive advantage for that business? *

Popular Links

Support

Are any of the company's equity interests listed on a stock exchange? *

Is the company early stage? When was the company incorporated in Australia? *

Did the company register for GST and ABN within the last three income tax years? *

The incentive is for underfunded early stage businesses. Were the total tax expenses incurred by the company and its 100% subsidiaries $1 million or less in the previous income year?*

The incentive is for early revenue businesses. Did the company and its 100% subsidiaries have total assessable income of $200,000 or less in the previous tax year? *

The incentives may not apply to sophisticated structured ventures. Is the company undertaking innovation activities solely on its own?*

Received an Accelerating Commercialisation Grant

Greater than 50% of the company's total expenses in the previous tax year are eligible R&D expenses

Between 15% and 50% of the company's total tax expenses in the previous income year are eligible R&D expenses

The company is undertaking or has completed an eligible accelerator program

At least $50,000 has been paid for new shares, prior to this new investment

The company owns or has licenced rights to commercialise a standard patent or plant breeder's right granted in the last 5 years

The company owns or has licenced rights to commercialise an innovation patent or design right granted in the last 5 years

The company has a written agreement to co-develop and commercialise an innovation with a research organisation or university

None of the above

Is the company genuinely focussed on developing an innovation for commercialisation? *

Does the business relating to the innovation have high growth potential? *

Can the company demonstrate it has the potential to successfully scale up that business ? *

Can the company demonstrate it has the potential to address a broader than local market through that business? *

Can the company demonstrate it has the potential to have a competitive advantage for that business? *

Popular Links

Support

Contact Us

Join Our Newsletter