Skip to main content
Start of main content.

Andrew makes R&D a Synnch

A Gold Coast tech firm which aims to take the hassle out of applying for research and development tax credits is going global, and pitching its services to foreign governments.

Synnch was launched in 2018, providing a cloud-based platform designed to simplify the process of lodging R&D tax credit claims.

Synnch director Andrew Antonopoulos, a graduate of Bond University, said after having success with the claimant market, Synnch was now looking to expand.

“The claimant market has gone extremely well for us across Australia, and we’re now looking at the consultant market and saying we don’t want to just look after our clients, we want other, larger, mid-tier firms looking after their clients with Synnch as well.

“That’s our platform and our springboard to go to government.

“We’re going to New Zealand, we’re pitching into the New Zealand government to manage their program, we’re going to be pitching into the Norwegian government to manage their program, and we’re going to be pitching into the Canadian government to manage their program.”

Mr Antonopoulos said following discussions with the New Zealand government, he was hopeful of having the Synnch platform embedded as part of its R&D tax claims system by the end of next year, if not sooner.

All going to plan, Norway would follow a few months afterwards, while Synnch had already begun the process of looking what adaptations would be needed for their system to work in Canada.

Including the company’s existing base in Australia, Mr Antonopoulos was confident that expanding into the three foreign countries would provide Synnch with a strong base to continue to expand worldwide.    

“I figure if we get those four jurisdictions, we’ve pretty much got a model that will fit most of the other R&D tax incentives globally. I think there’s about 11 of them now.”

Synnch presented alongside other Queensland startups at Gold Coast Demo Day 2019, held at Bond University on November 26.

Mr Antonopoulos said events like the Demo Day provided a valuable opportunity for early-stage start-ups to receive feedback and constructive criticism of their business plans.

‘The ability for these start-ups and entrepreneurs to get up and communicate their ideas to an audience that’s willing to present some constructive feedback, criticisms and even rejection…things like Demo Day force you to refine what it is you’re offering, why you’re offering it and where you’re offering it.

“I absolutely think the younger start-ups need that opportunity to be challenged, because you can get so blinkered and pigeonholed into your thought process.”


More from Bond

  • Bond breaking records in Olympic build up

    Fresh from sweeping the pool at the Aussie age titles our swimmers are gearing up for another lap at the Australia Open Championships this week.

    Read article
  • Bull Sharks return to The Canal for Rd 3 blockbuster

    Rugby Rd 3 preview: A Wallaroo returns as the coaches ring the changes for big challenges across the grades against competition heavyweights.

    Read article
  • New look Bull Sharks set for series opener

    Netball Rd 1 preview: How the Bull Sharks have prepared for netball's new Super Shot rule.

    Read article
  • Bull Sharks out for revenge in Grand Final rematch

    AFL Rd 3 preview: Shaun Hart has spent the summer plotting ways to address the Bull Sharks' weaknesses the Bombers exposed in the Grand Final.

    Read article
  • Gear change speeds up Colts' development

    A behind the scenes look at the Bull Sharks Colts program overseen by All Blacks legend Rico Gear.

    Read article
Previous Next