Why Invest In R and D?
Investing in R&D is investing in creativity, but why then invest in creativity? The Royal Society points out to invest in R and D is to ultimately increase the stock of knowledge.
Tag Archives: research and development
What is the Role of the R and D Department?
When it comes to product innovation and development, or process refinement and improvement, the role of the R and D department is critical.
What Qualifies as R&D Cost?
Research and development, R&D, offers businesses a means to grow and thrive by focusing on innovation. This can be about improving processes, developing or refining products, or a combination of all these things.
The UK Government recognises the intrinsic value of R&D for businesses, and consequently it provides tax relief and tax credits for certain types of revenue expenditure connected to research and development.
As specialists in high temperature insulation and thermal management products and solutions, Elmelin recognises the value of R&D for our varied client-base. We also understand that sometimes the whole issue of R&D costs, and what businesses can claim, can be complex.
Here is a brief guide to give you more clarity about R&D.
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Research and Development Strategies That Work
Simply following change is not a realistic option for many businesses, if they are to stay competitive. Instead they must be at the forefront of change, and the means to do this is by developing research and development strategies that work.
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Mica in Sheets: Phlogopite Mica vs Muscovite Mica
Mica is a naturally occurring mineral and there are 37 varieties. However, the two we work with are phlogopite, or green, and muscovite, or white, mica.
These two forms of mica come in sheet form, in two grades, MFSSP (phlogopite) and MFSSM (muscovite). Each of these two forms of mica has qualities that make it suitable for different applications, used by a broad range of industries.
Our phlogopite and muscovite mica sheets are available in flexible or rigid grades, depending on their required use.
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Knowledge Transfer Partnerships: What Are They and How Can They Help Your Business?
For businesses to compete effectively, they must consider looking beyond productivity and invest in innovation through research and development. The Knowledge Transfer Partnership (KTP) is a cost effective means of enabling them to do this.
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Tax Breaks for R&D
Innovation has its rewards, but it comes at a price. We recognise that, while we can offer a broad range of industrial insulation solutions and products, including specialist prototyping, many businesses need financial support to get to the stage where they can initiate these developments. Research and development (R&D) can be a fantastic way of not only growing your own business, but also growing your industry. But it can be costly. Tax breaks for R&D is a vital part of it, and a huge incentive for many.
For SMEs and others to unlock innovation, they must first be able to identify which research and development (R&D) costs are eligible for tax breaks and funding.
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Is R&D Worth it?
Research and development, R&D, can be the key to unlocking greater competitiveness for companies, whatever their size. Investing in R&D is what drives advances in innovation, and innovation is one way for a business to differentiate itself the marketplace. Is R&D worth the investment though?
R&D is where businesses can develop new products, or enhance existing ones and, through vigorous testing and prototyping, prepare them for market.