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Why you need an R&D tax specialist on your side
When it comes to claiming R&D tax, there are many misconceptions and grey areas that businesses find to be unclear, anything from how much you can claim, to how many years back that are eligible, and whether the size of your business determines the ability to claim research & development tax credits. In this article,…
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Metaverse and Web 3.0
What do they really mean and how will they work together? Web3.0 Within the Metaverse and the Web 3.0, we found that Web 2.0 drove us into an era pressuring us to hand over our individual information and freedoms in favour of the value of the services that a handful of companies provide us. Over…
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The innovation ecosystem
Firstly, the ‘innovation ecosystem’ collectively referrers to innovative ideas to efficiently generate, develop, test and ultimately scale for development impact. They also require the coordinated, collaborative action and resources of the actors noted above. The innovation ecosystem within the UK consists of a set of supportive institutions that work to boost innovation. These institutions include the legal and…
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The seven technology families
Innovation UK The fourth pillar from the UK’s Innovation Strategy focuses on mission-oriented policies that direct innovation to tackle complex technology families and societal challenges. The UK needs to discover and concentrate on technologies with market potential and strategic interests to tackle these challenges. The UK has conducted a process called horizon scanning, which examines information to…
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Innovate UK Plan for Action for UK Business Innovation
Late last week Kwasi Kwarteng announced the launch of the Innovate UK Plan for Actions for UK Business Innovation. This exciting announcement is a great measure of intent that the UK government has a clear and driven plan to push the UK to become a global hub for innovation my 2035. The government have stated:…
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Innovation hub in the UK
Gijs van Wulfen, LinkedIn influencer and the author of the FORTH Innovation Methodology defined innovation as a feasible relevant offering such as a product, service, process, or experience with a viable business model perceiving it as new and adopting it by customers. In 2021, innovation is important for individuals, companies, and countries to improve their…
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Innovative Insurance
Is R&D Reshaping the Insurance Industry? Innovative insurance companies are often known as InsurTech. InsurTech is a newly coined term in the Insurance sector. However, we are seeing a rapid rise in InsurTech start-ups across the UK, transforming the way we do insurance. With a focus on technology and innovation, there is a massive potential…
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The Role of R&D Innovation within the E-Learning Sector
R&D in E-Learning E-Learning has become one of the best innovations, especially during the time of this pandemic. It is only because of e-learning that students from all across the country have continued their education. E-learning has become the means through which Universities and other education providers offer flexible learning programmes. Though with the world…
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R&D in Civil Engineering
The UK engineering sector is broad. It includes all disciplines, from mechanical engineering to electrical and civil engineering. The industry has developed massively over the years. With this in mind, it’s no surprise to see many engineering companies invest in research & development (R&D) to help resolve complex problems faced in the design and construction…
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How Will Artificial Intelligence Influence the Renewable Energy Sector?
Artificial Intelligence (AI) in the renewable energy sector is becoming more sophisticated every day and is being used more widely for a variety of applications. Renewable energy examples include: As the effects of climate change worsen, the demand for the above renewable energy sources continues to grow. Artificial intelligence is already helping to streamline multiple processes within the…