As announced to the ASX on 22 October 2018

Key highlights:

  • A tax refund of $584,775 is expected in November via the Australian Government’s R&D Tax Incentive Program

  • Gooroo continues to expand its Intellectual Property focused R&D program in neuroscience and artificial intelligence

  • Protecting the Company’s unique Intellectual Property, competitive advantage and future revenue streams

  • Wins APSCo Excellence award in Creativity & Innovation

The Board of Gooroo Ventures Limited (“Gooroo” or “the Company”) is pleased to confirm it is expecting to receive a $584,775 tax refund via the Australian Government’s R&D Tax incentive program for the 2017/2018 financial year. The cash-based refund is expected in November 2018.

Gooroo’s Research and Development unit in Human Thinking continues to invest in R&D to strengthen validity and reliability, and accelerate scalability across existing and new applications.

The Company has focused on the expansion of its Intellectual Property to support the ongoing commercialisation of its technology in the areas of Human Capital, Marketing and Careers. The Company is laser-focused on delivering tangible, measurable and business outcomes for its customers with technology that is globally scalable, differentiated and offers a strong value proposition to adoption.

Gooroo’s continued investment in R&D has also been recognised by APSCo, the world’s largest professional staffing association. On Thursday 18 October, Gooroo won the Creativity & Innovation Excellence award, presented in front of 400 industry leaders and executives in Melbourne, Australia.

Investor Enquiries

Mr Peter Nesveda
Corporate Affairs & International Investor Relations
Intuitive Pty Ltd
Tel: +61 3 9504 8420, Mob: +61 (0) 412 357 375
Email: pet[email protected]

Media Enquiries

Ms Jocelyn Hunter
Managing Director
Bench PR
Mob: +61 (0) 404 194 459
Email: [email protected]