In this episode of the Innovation Conversation, James and Gajan from RCK.Partners discuss R&D tax incentives, eligibility, application process, success stories, and industry-specific considerations. They provide insights into the R&D tax scheme, its benefits, and the role of specialists in the process. The conversation covers success stories in software and gambling industries, as well as the eligibility of industries like food tech and restaurants for R&D claims. The conversation covers the eligibility criteria for R&D tax relief, the types of activities that qualify, limitations on what's considered science and technology, and the impact of government policy changes on R&D claims. It also delves into the unique selling points of RCK Partners and how businesses can reach out to them for R&D advice.

https://www.rck.partners

Takeaways

• R&D tax incentives aim to incentivize innovation by utilizing R&D-related costs to reduce tax liabilities of companies.
• The R&D tax scheme is designed to attract more investment into the UK and stimulate the tech base, making the UK more competitive globally.
• Specialists play a crucial role in the R&D tax claim process, ensuring technical expertise and compliance with HMRC guidelines.
• Success stories in software and gambling industries demonstrate the impact of R&D tax credits in supporting innovation and business growth.
• Industry-specific considerations are important in determining the eligibility of companies for R&D tax claims, with a focus on scientific and technological advancements. Eligibility for R&D tax relief is based on conducting or leading R&D activities with competent professionals.
• The fields of science and technology for R&D tax relief are technical-based and exclude social sciences.
• Government policy changes have impacted the rates and eligibility for R&D claims, with a focus on self-regulatory methods for compliance.
• RCK Partners' unique selling point is their self-regulatory approach, backed by a compliance team, to ensure a lower inquiry rate for R&D claims.
• Businesses can reach out to RCK Partners through their website or LinkedIn for R&D advice and support.

Chapters

00:00Introduction to RCK Partners and R&D Tax Incentives

05:39Application Process and Benefits of R&D Tax Claims

09:45Success Stories: Impact of R&D Tax Credits

15:34Industry-Specific Considerations for R&D Tax Claims

27:24Understanding the Fields of Science and Technology for R&D

30:33Impact of Government Policy on R&D Claims

36:39Unique Selling Points of RCK Partners

39:23Reaching Out to RCK Partners for R&D Advice

Chris Sayer shares his experience as a founder and investor, discussing his journey from startup to exit and offering insights into the key lessons he learned along the way. He emphasizes the importance of having a clear vision, surrounding yourself with talented individuals, and understanding the market opportunity. Chris also provides advice on finding the right talent and approaching investors. He highlights two of the companies he is currently involved with: HiBooks, an AI-enabled online accounting software, and Kapeta, a platform that leverages AI and automation to streamline software development.

00:00Introduction and Background

03:02From Investor to Founder: The Story of Dexter.io

08:39Lessons Learned from the Journey

14:13Low Points and Overcoming Challenges

18:37Investing in People and Assessing Opportunities

21:21The Current Startup Market

23:33Post-Exit and Current Ventures

27:37Approaching Investors and Finding Talent

31:13HiBooks: AI-Enabled Accounting Software

33:48Kapeta: Streamlining Software Development

In this episode of the Innovation Conversation, we are thrilled to welcome Stefano Calvetti, a distinguished leader with over 30 years of experience in the military, intelligence, and IT fields. Stefano has successfully led and advised teams, projects, and organizations across various levels and regions, from tactical to strategic.

With advanced skills and credentials in cybersecurity, intelligence, and coaching, Stefano is adept at helping leaders navigate the complex and dynamic challenges of the digital age. As a certified professional co-active coach and an International Coaching Federation member, he offers evidence-based and holistic coaching approaches that empower clients to enhance their self-confidence, influence, and positive impact.

Stefano is also the host of the podcast When Leaders Talk, where he interviews leaders from diverse backgrounds and sectors, sharing their valuable insights and stories. Additionally, he co-founded Besage.ai, a pioneering company leveraging artificial intelligence and machine learning to foster deeper human understanding and societal growth.

Join us as we delve into Stefano's vast experience and innovative approaches to leadership development and social impact, and learn how his strategic vision and coaching solutions are shaping the future. Don't miss this insightful conversation on the Innovation Conversation!