Yearly Archives: 2021

Budget 2021 – how will it affect innovation funding?

According to the UK Government, innovative fast-growing companies account for less than 1% of UK companies, however such companies add £1 trillion to the UK economic system and account for the majority of net employment growth and output growth- it’s fascinating to see they are a principal investment focus in The Budget 2021.

Research and innovation are critical to our country’s prosperity, security and wellbeing, particularly in a time when the UK economy is grappling with the affects of Covid 19 and any challenges associated with Brexit (the UK’s departure from the EU).… See more...

A Brief Guide to IP for Innovation Grants

As specialist innovation grants writers, we really need to have a comprehension of Intellectual Property (IP) to have the option to express our clients’ developments in their award applications, amplifying the probability of  accomplishment precisely. In this blog, we will examine four focuses you ought to consider around IP while creating development centered award applications.

1) Do you have IP?

Licensed innovation (IP) Rights reward imaginative and inventive individuals by offering them the chance to shield and in this manner bring in cash from the protected innovation they have made.… See more...

Guide to winning Innovate UK’s Young Innovators Competition

Are you a bold young innovator searching for funding?

Innovate UK’s Young Innovators Awards competition is aimed at younger people aged 18-30. UK-based residents can apply for an award to make their business concept a reality, which consists of a grant for £5000, a living allowance, and tailored business support.

As a young innovators, this might also be the first time you have considered applying for a grant in competition. Through this blog, we will grant some pointers and hints on how to maximise the likelihood of success.… See more...

SME and RDEC? What is RDEC?

What is RDEC?

RDEC (research and development expenditure credit) is a UK government tax incentive designed to support innovative companies investing in research and development (R&D). It is primarily used by large companies and by SMEs in some circumstances, such as if they’re been awarded grant funding.

One of the benefits of RDEC claims is that they can be accounted for above-the-line in your income statement (also known as your profit-and-loss account), providing a positive impact on visible profitability in your accounts.… See more...

How to create a successful crowdfunding pitch

When is the right time to apply for a grant?

A benefit of this strange situation we find ourselves in (the global pandemic) is that we banked time that would otherwise be filled with commuting to work or rushing to take the kids to school. This time provides an opportunity to think about innovative creativity and business strategies that will achieve desired business growth goals. Grant funding is a route that can significantly aid in achieving these goals.

Benefits of grant funding

Grant funding has the ability to accelerate innovation project time scales and markedly reduce a product or service’s time to market, beating the competition and establishing first-to-market status.… See more...

UK Government: The Grand Challenges

The Industrial Strategy sets out Grand Challenges to put the UK at the forefront of the industries of the future, ensuring that the UK takes advantage of major global changes, improving people’s lives and the country’s productivity.

The first 4 Grand Challenges are focused on the global trends which will transform our future:

• Artificial Intelligence and data
• ageing society
• clean growth
• future of mobility

We are developing ambitious missions to tackle the Grand Challenges. Each of these will focus on a specific problem, bringing government, businesses and organisations across the country together to make a real difference to people’s lives.… See more...