Toy designer Gillian Logan pitched her Skinny Sketcher drawing kit idea at the Inventors Workshop in 2014, and has since achieved success with the product. But having made a number of mistakes to get there, she’s outlined 12 errors frequently made by product design startups, and how steer clear of them.
Today’s SMEs are waiting too long to reap the financial rewards of Research & Development (R&D) tax credits, according to Friend Partnership. The chartered accountancy firm believes many bosses could be securing repayments from as early as ten days from the submission of their claim.
R&D tax credits may be dull to some, and a mystery to others, but it's arguably one of the UK’s best-kept secrets when it comes to alternative funding for small businesses.
It is most likely that an in-house team of experts carry out R&D perhaps with assistance from focus groups or market research but most of the time companies look inwards for inspiration. This can be restrictive and often leads to new products being evolutionary rather than revolutionary.
In part two of our interview with Indiegogo co-founder Danae Ringelmann, Real Business asks about the evolution of crowdfunding and why big brands are starting to see the benefit of using the platform to remove risk and unnecessary cost from product development.
Having helped launch products including a smart motorcycle helmet and a family robot, as well as campaigns such as An Hour of Code, crowdfunding platform Indiegogo has turned its attention to bigger businesses.
Seemingly it's good news for the UK's SMEs as data from VC firm Albion Ventures has revealed that access to finance opportunities have grown considerably in 2015.
The chief executive of Rolls-Royce is one of many business people concerned about the introduction of R&D loans, outlined in George Osborne's Autumn Statement and Spending Review.
Chancellor George Osborne’s Emergency Budget contained little concrete detail about the funding prospects for the nation's science sector, but the 2015 Autumn Statement and Spending Review has confirmed an increase in investment in catapult centres.
Sphere Fluidics is an Everline Future 50 company pioneering the development of new technology for single cell analysis. Cyto-Mine is the first machine of its kind and enables analysis of millions of single cells in novel biochips and isolation of rare variants which cause disease. This will also allow them to produce new medicines.
Mubaloo founder and digital entrepreneur Mark Mason has joined the leadership team of R&D tax credit consultancy ForrestBrown in order to assist the firm’s continuing growth and help digital technology firms access the ‘considerable levels’ of tax relief they may be eligible to claim against R&D spend.
With the Patent Box scheme set to expire in 2021, business looking to take advantage of the R&D commercialisation tax break need to act fast.