Euan Pallister: Well, hello, and a very warm welcome to this next event hosted by Innovolo. My name is Euan Pallister. I’m one of the directors here at Innovolo, and I have the privilege today to introduce to you firstly, Karen Macfadden. Karen is an Associate Director at the Catax Group. And we offer her a warm welcome and are really looking forward to the expertise and the experience that she will be bringing to this event for your benefit. Secondly, I’ll introduce my colleague, Bradley Pallister, who is also a director here at Innovolo who will be discussing some … Read More »
Research and development (R&D) tax relief credits are offered by HMRC for activities that companies undertake to innovate and introduce new products and services.
Kickstarted by Innovolo Commercial Director, Euan Pallister, the event will dive quickly with innovation ambassador Bradley Pallister into debunking some of the common misconceptions and myths surrounding the world of innovation and product development.Innovation is all about ideas Epiphany We know history Humans love new ideas The Lone Inventor Good ideas are rare Your boss knows more than you. A great leader never fails at innovation The best ideas wins Problems are less interesting than solutions Innovation is always good
And one of the perks of spending money on Research & Development activity is that you can claim tax … Read More »
You may have a great idea for a new product but one of the biggest issues you face is securing the financial investment to make your idea a reality.
Taking on product development is a huge undertaking. Between the industrial design, the market studies and the manufacturing process, you may not have the money in-house to see your project through to the end.
Luckily, you can find help for your financial needs. Whether through private investors, self-financing or with the help of government grants and subsidies, there’s a way for you to accomplish your goal.
In this post we want … Read More »
However, most of them lack enough financial support. Fortunately, there are plenty of ways you can finance a startup business. One of which is through a research and development tax credit.
A long time ago, only large and well-established companies who contribute significant knowledge to their industry can file and claim research and development tax credit. Nowadays. even small and medium-sized companies can claim this type of tax credit.
It’s provided to companies who develop or improve products, software and/or processes in a … Read More »