Steps taken by Invest NI to increase R&D activity: Aim to de-mystify R&D

2. 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

3. 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

4. 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 Categories Supported

5. 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

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

7. Project Examples:

8. Project Examples:

9. Make an Application Copy of Application Form and Guidelines on the web www.investni.com/r+d Recommend contacting Invest NI before completing Application R&D contact grantforr&d@investni.com Telephone: 028 9069 8607

10. John Cooke Tel: 028 9069 8809 Email: john.cooke@investni.com Contact Details: