You’ve probably been involved in the development of cutting edge biotechnology, such as a vaccine or diagnostic test, with the commercial potential to be used in other research laboratories or practical applications. There’s always room for improvement, so you need to continue this research to keep pushing the boundaries of the life sciences.
Examples of areas where qualifying R&D activities could exist:
- Scientific services and consultancies: You might be testing and validating other companies’ products and services, carrying out trials such as drug and vaccine efficacy tests or toxicology and safety tests for food and water. To do so reliably and efficiently, you need to invest time and money researching appropriate models and methods.
- Biotech & Clinical Research Orgs (CROs): Biotechnology companies are no strangers to R&D, they understand the need to take risks, experiment and innovate to avoid stagnation in a competitive and rapidly moving industry. Given this, many biotech companies and clinical research organisations are seeking ways to increase the productivity and capability of their products and services in order to keep up with the latest developments in academic research.
As the UK’s leading R&D tax credit specialist, we understand how to get your company what it deserves. But don’t just take our word for it – hear what our life sciences clients have to say.