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Created On: 13/02/2024
in RD&I and the Economy ReaDI-Watch estimates that more than 200,000 SMEs in Ireland, the UK, and North America collectively invest over $0.5 trillion annually in R&D with an expected annual growth rate of 10%. This funding comes from various sources, including State Fundi...
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Created On: 13/02/2024
in RD&I and the Economy
The TRL scale was originally developed by NASA in the 1970s with for space technology (readiness for space!), and has been adapted and adopted by international innovation and R&D bodies since, to classify technology with respect...
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Created On: 13/02/2024
in R&D Tax Credits The Frascati Manual for Research & Experimental Development is considered as one of the leading manuals for the classification of R&D. Originating from Frascati, Italy, this OECD manual has been revised many times (latest 2015 ) According to...
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To develop an innovation strategy, roll out an innovation framework or build an innovation programme or project, it is very valuable to take a bigger perspective on what innovation means. Innovation is a broad term and can mean many things t...
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A useful framework to draw on to understand and position Innovation (and R&D) in your company, is Michael Porter’s “ Value Chain ” (outlined below). Michael Porter's “ Value Chain ” comprises a company's “primary” activities and “supporting” activ...
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Lord Kelvin famously wrote “When you can measure what you are speaking about, and express it in numbers, you know something about it, when you cannot express it in numbers, your knowledge is of a meager and unsatisfactory kind; it may be the beginn...
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Created On: 13/02/2024
in R&D Tax Credits Are you developing and launching Products, improving Processes, or improving your Software Platform? If so, you may be carrying out R&D. Why is this important? If you are carrying out R&D, you may be missing out on R&D Tax Credits, Grant Fundin...
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In the dynamic world of Innovation and R&D, the ability to track and manage grant-funded projects in real-time is a critical skill. This is especially true when it comes to meeting tight technical, financial, and labour allocation reporting requirem...
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At the core of Grant-funded R&D and Innovation projects typically lies an important scientific/technological activity taking place by the funded parties. Usually, the work undertaken in a funded R&D and Innovation project is broken out into Wo...
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The Challenge of Allocating Time to R&D Every company has difficulty with timesheet management. In the R&D world, push typically comes to shove when it comes to: R&D Tax Credit (SR&ED) Claims Grant Claims for Innovation/R&D Depending on the f...