Research

Did you know that any company that is striving to take its products and methods above and beyond existing technology is probably doing R&D and may be eligible for R&D tax relief.

In software development the buzz this year is all about AI: 

• The UK government has recently announced an AI Sector Deal

• The EU is throwing its weight behind a similar initiative

Picture of a female robot accompanying the article Jumpstart talks about Artificial Intelligence and R&D Tax Relief

In the current economic climate, it’s still surprising that more businesses don’t explore all of the tax incentives available to help lighten the burden by either reducing tax payable and or if applicable, securing a tax repayment.

On Company Connecting we have more than 4,400 IT and telecoms companies, it’s likely that at least 50% of these companies are developing technology and so could be eligible for R&D tax credits. 

Tech picture accompanying the article An idiot’s guide to claiming R&D tax credits - providing information on the UK Government tax credits for Research and development

Benevolent AI: Shaping the Future of Scientific Discovery

Benevolent AI are a London based company who use artificial intelligence to understand and reimagine scientific discovery.

Despite the huge growth of knowledge, scientific discovery has not changed for 50 years.  It’s impossible for humans alone to process all the information potentially available to advance scientific research.  A new scientific paper is published every 30 seconds, there are 10,000 updates to PubMed every day.  Consequently, only a small fraction of globally generated scientific information can form ‘useable’ knowledge.  Specifically, in Pharma innovation has not changed (cost, time & risk – still applying 20th Century methods to 21st Century problems) and is not meeting the needs of patients – patients are unnecessarily waiting for new medicines.

BenevolentAI are applying its proprietary AI technology to change this problem by enabling the analysis of vast quantities of complex scientific information and creating usable knowledge that can be applied.

Logo for Benevolent AI accompanying the article Benevolent AI: Shaping the Future of Scientific Discovery

Get information on IT Companies in Scotland from the Company Connecting Infographics

We have published infographics on IT companies in Scotland for eight geographical areas. The infographics are summarised by company size, skills, business focus, and the sectors which are customers for the IT companies products and services. The infographics are interactive and include word...