Innovation and R&D Escalator Workshop: Joanne Coyle - Introduction to the workshop.

1. Seizing the Opportunity -R&D funding for Northern Ireland business
Dr Joanne Coyle
Research & Development
Invest NI
December 2 2014
Slide 1

2. House-Keeping
Innovation Support Ecosystem
R&D Solutions
Aims of Today
Overview of Support available
Welcome

3. Innovation Support Ecosystem
EUROPE
NATIONAL
LOCAL
Horizon 2020/
Enterprise Europe Network
EU Structural Funds
Innovate UK; KTP, SBRI, CRD, Catalysts, Catapults
Government Departments
(DEL / DETI / DHSSPS /
DARD / DCAL)
Invest NI
Local Authorities
HE / FE
Other Support Orgs*
Public Research Institutes
BIS
* Includes InterTradeIreland, NISP, MATRIX, Private Sector etc
R&D Tax Credits
Patent Box
Research Councils

4. Our role is to accelerate economic growth by stimulating and supporting business-led innovation
We work with others to develop the R&D infrastructure in N. Ireland and implement national technology strategies in priority areas
Our role is one of partnering with businesses on the R&D journey
With partner and business contributions we have invested about £100m in innovation projects over the last 5 years
We host the Enterprise Europe Network in Northern Ireland
We are a National Contact Point (NCP) for SMEs in Horizon 2020
Invest NI: Some Facts

5. Models for driving forward Business R&D
WORKING DIRECTLY WITH BUSINESSES
(Grant for R&D)
WORKING IN COLLABORATION WITH OTHERS
(HMRC; Innovate UK; SFI; EU)
WORKING AT DEVELOPING INFRASTRUCTURE
WORKING WITH BUSINESSES & ACADEMIA FOR COMMERCIALISATION
The core focus is on creating productive alliances between Industry and Academia in pursuit of excellent research and a route to market

6. Get access to national and international networks
Increase their capabilities by tapping into external knowledge
Produce better products, processes and services
Are more productive and typically grow faster than non-innovators
Get access to new markets and customers
Increase turnover and profits
Have access to qualified staff
Increase their reputation and visibility
Have greater options for funding new developments
SMEs that participate in Collaborative R&D Projects..

7. www.investni.com
Slide 7
INNOVATION SUPPORT
Developing Capacity
Project Definition, TDI, Design
Driving new knowledge
Competence Centres, Proof of Concept
Application of knowledge
Open Access Facilities, Collaborative R&D
Implementation
Grant for R&D, Knowledge Transfer Partnership, SBRI, Intellectual Property
Building Innovation awareness
Innovation Vouchers, Innovation Advice
Grant for R&D
Innovate UK & SFI
Patent
Box
R&D
Tax credits
EU
H2020
R&D Solutions

8. Access to Skills
g
Employer Bespoke Skills Solutions
Skills Growth Programme
Leadership Skills
Mentors
Coaches
Networks
Pre-Employment Skills Solutions
Assured Skills
Access to External Skills
Non-Exec Directors
Business Mentors
Interim Managers
Collaborative Skills Networks
Sector Skills
Solutions
Capital Markets
Software Testing
ICT Collaboration
Small Company Skills Support
Skills Accelerator Grant
Productivity Improvement
HR Advice
Slide 8

9. R&D Tax Relief
UK Government has signalled its intent to have the most competitive tax regime in the world by 2020
As well as receiving grant support, companies undertaking R&D in Northern Ireland can also take full advantage of the UK’s comprehensive R&D Tax relief regime
The tax credit scheme allows qualifying Research and Development costs to be enhanced for company tax computation purposes

10. R&D Tax Relief –in short
For every £1 spent on R&D the real cost to the company is just...

11. Patent Box
23% Tax
23%Tax
23% Tax
10% Tax
unpatented products
routine return
marketing return
qualifying
Reduced 10% corp. tax rate for profits attributed to patents
Relevant IP Income
1.Sales of the patented item or items incorporating it
2.Royalties from Licensing
3.Sales of qualifying patented rights
4.Infringement income
And:
5.Using a patented processto produce non patented items
6.Using patented items to provide a service

12. Aims for Today
Turning failure into success
“It’s not about writing
a good proposal
It’s about defining
a good project....”
....convincing the evaluators
&
Winning the funding!

13. •Identify the most appropriate funding scheme for your project idea and research needs
•Provide advice on UK and EU funding rules, regulations and eligibility criteria
•Assist you to find the right partners through; KTN, Enterprise Europe Network and ERRIN
•Signpost you to further specialist events and advice (KTN, NICP, NCP)
•Providefinancial support for proposal preparation
Invest NI can help:

14. Eligible Costs
Labour
Consultancy Fees
Legal AdviceProject Definition
Travel Costs
Invest NI Financial Support for Preparing Collaborative R&D applications

15. You have already taken the next step by coming today!
Talk to us about your research needs –our services are free!
Think strategically-look medium to long term
Successful participation is often the culmination of a process, so be prepared -join networks, be open to collaboration, come to information sessions
Register as an evaluator -learn the process from the inside
Start early –sign up to “_Connect”, EEN websites, Horizon 2020 portal
What Next?

16. Team Contact Details
Invest NI R&D Collaboration Support Team
Richard Pelan (Innovate UK)
Richard.Pelan@investni.comTel: 028 90698632
Michael Johnston (Innovate UK)
michaelg.johnston@investni.comTel: Tel: 028 9068468
Pat Doyle (Innovate UK/SBRI)
Pat.Doyle@investni.comTel: 028 90698835
Robin Humphreys (KTN)
Robin.Humphreys@investni.comTel: 028 90688258
Paul Matthews (Horizon 2020)
Paul.Matthews@investni.comTel: 028 90698837
Andy Millar (Enterprise Europe Network)
Andrew.Millar@investni.comTel: 028 90698824