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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...
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At the core of Grant-funded R&D and Innovation projects typically lies an important commercial activity taking place by the funded parties. Usually, the work undertaken in a funded R&D and Innovation project is broken out into Work Packages. ...
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It is likely that your company (or client) is working with ReaDI-Watch to bring visibility & clarity to the Research & Experimental Development taking place in the business. Rather than focusing on the expenditure & resources spent rolling out produ...
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Accounting for Research and Development (R&D) is a crucial consideration for many businesses as it fuels innovation and future growth. However, how R&D investments are accounted for can significantly impact a company’s financial statements, particul...
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What is ReaDI-Watch? ReaDI-Watch is a one of a kind Innovation Management System (IMS). Our digital platform is built by Innovation and R&D experts to help companies embrace and unlock their Innovation potential across any industry. Using ReaDI-Wat...