PENAO Pty Ltd
An Australian start-up biotechnology company
PENAO Pty Ltd was incorporated in Sydney, Australia on the 24th June 2019. It is registered with the Australian Securities and Investments Commission (ASIC) and the Australian Company Number (ACN) is 634 333 387.
In addition to an initial $2,350,000 investment from Beroni, the Company benefits from the Australian government’s R&D rebate which gives an annual cash return of 43.5% from all domestic and overseas qualifying R&D spend. (After 1 July 2021, the R&D rebate was changed to the company tax rate plus an 18.5% premium).
In FY 2021-2, PENAO Pty Ltd received a rebate of $419,018.18 PENAO Pty Ltd has now received a total of $668,872.36 R&D rebate, including $249,854.18 from the truncated Jan-Jun 2021 FY.