The RDTI Review: FY21-22

Kashcade's RDTI Review sheds light on the Research and Development Tax Incentive (RDTI) cohort of FY2021-22.

‍Backed by data from the ATO, ASIC, claimant websites, and LinkedIn, this report unpacks deep insights from over 11,500 RDTI claimants, covering trends in sectors, employment, survival rates, geography, and much more.
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Whether you're advising clients, shaping policy, or allocating capital, this report is built for you.
Published 11 June 2025.

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Key Insights at a Glance

95k

full-time equivalents are
estimated to be employed
by RDTI companies.

60%+

of claimants were companies
<9 years old, showing strong
early-stage contribution.

1.1%

of RDTI companies failed since
July 2022, 13x less than the
average Australian company.

📘 What's Inside?

This report provides a detailed analysis of how the R&D Tax Incentive is shaping innovation across Australia. It examines trends across sub-industries, geographic regions, company survival, employment, and international comparisons.

The insights are designed to support advisers, investors, and policymakers in understanding where innovation is occurring, who is driving it, and how the program is being used.

Find out how R&D spending varies across company sizes and sectors
Explore where RDTI activity is concentrated, by industry and location
Discover how RDTI companies support the Australian workforce
Compare how Australia's RDTI sits against global R&D tax programs

Interested in finding out more?

Contact us about questions/feedback on the report

RDTIReview@kashcade.com

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Fuelled by data, backed by Kashcade.

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