Steps taken by Invest NI to increase R&D activity:  Aim to de-mystify R&D  Simplification of support for R&D – Grant for R&D  Full Spectrum of activity supported through advice and financial intervention  Aim to incentivise different types of research, by all sizes of businesses and in collaboration with others  Wide range of eligible costs  Wider innovative support mechanisms

Grant for R&D  Replaces START, Compete, PPD, SMART and COE  Funding for Invest NI clients and potential clients  Support for innovative and technically risky projects  Ideas must be exploitable  Support for future work - not retrospective  Needs match funding  Discretionary - subject to Invest NI decision

Categories Supported  Project Definition – Grant up to £50k  New to R&D – Grant up to £70k (Small Company only)  Main Project – Support rate based on - nature and scale of research, - size of the business, - level of innovation - value for money considerations

R&D Tax Credits  Grant for R&D is Notified State Aid  Grant for R&D + Large Scheme vs. SME Scheme Benefits of Grant for R&D Support  Upfront defined offer  Wider range of eligible costs  Regular cash payments

Project  Level of Innovation  Technical Risk and R&D Challenge  Potential to create IPR  Exploitation Potential Tips for Successful Applications Company / Applicant  Management Ability & Staff Expertise  Additionality  Viability  Track Record

Project Examples:

Make an Application Copy of Application Form and Guidelines on the web Recommend contacting Invest NI before completing Application R&D contact Telephone:

John Cooke Tel: Contact Details: