Research & Development
R&D can be one of the best investments in a business’s future, small or large. Getting it right can be challenging.
The risks associated with R&D are immense, whether it’s the time investment, costs, competition, resource allocation, or uncertainty of results. Working out how to mitigate these risks is a challenge in itself.
Furthermore, these must be matched against the web of potential benefits such as appeal to talent, private investment, and profit based on results. Navigating tax concessions, grants, and government schemes, in addition to these, adds further complexity.
Even if a project succeeds, it must be well-monetised to maximise your efforts.
Are you currently investing or looking to invest in R&D?
At Entreverve, we have over 20 years of experience in the technology R&D space. We’ve helped countless companies bring tech to market, navigate risks and benefits, and successfully capitalise on their investments.
We’ve been on both sides of the investment funding fence, so we know what you can realistically achieve and what the fundamental decision drivers need to be.
If you currently have challenges associated with R&D or want to start a project and get it right, please contact us to work out a plan together.
The process of R&D involves obtaining new knowledge that can be used to create new technology, services, products or systems that will be used to enhance the performance of a particular organisation. Most companies commit at least 5 percent of their revenue into research and development. It doesn’t matter which category your company falls in; it is worth investing your resources towards generating effective innovations.When making R&D decisions that will add great value, a company should consider such factors as the nature of the research, timing, risk involved and the cost of the research. By analysing such factors, a company may decide whether to produce their own knowledge base to carry out the research or to outsource existing work to highly developed and experienced tech companies. Despite the various challenges involved with R&D such as high cost, competition and uncertain results, R&D as a process has numerous advantages worth investing in. These include: tax breaks, patents, financing by investors and recruitment of top talents attracted by innovative companies and organisations. Entreverve consultants have over 20 years’ experience in the technology R&D space and have consistently delivered results both in bringing technology to market, and successfully monetising and capitalising on the investments. Having been on both sides of the investment funding fence brings a deeper understanding of what can be realistically achieved and what the fundamental decision drivers need to be. Beneficial government grants and subsidy schemes are also available and Entreverve has a proven track record in navigating these programs to aid in growing businesses. Contact us for more information on how to work out a plan.