The Importance of Allocating Efforts to Innovation and R+D+i Projects
In today's business world, innovation is not just a competitive advantage, but a necessity. Dedicating efforts to research, development and innovation (R+D+i) projects allows companies to stay at the forefront, develop more competitive products and services, and adapt to market changes. In addition, investing in R+D+i can open doors to various tax deductions and subsidies, providing a significant return on investment.
Functions of an Innovation Department in a Company
An innovation department has multiple functions crucial to a company's growth and competitiveness. These include:
- Identification of Opportunities: Detect new technologies, trends and market opportunities.
- Project Development: Create and manage R+D+i projects that add value to the company.
- Collaboration and Networking: Establish alliances with other companies, universities and research centres.
- Process Optimization: Improve internal processes to increase efficiency and reduce costs.
- Management of Subsidies and Deductions: Search for and manage economic and tax aid available for innovation projects.
The great potential of the Grants
Tax subsidies and deductions can represent significant savings for businesses. Depending on the country and the regulations in force, tax deductions for R+D+i activities can range between 25% and 50% of the expenses incurred. In addition, grants can cover up to 70% of the cost of the projects, depending on the call and the objectives of the project.
SUBSIDIES
The Most Wasted Savings Tool for Companies
Many companies do not take advantage of the available subsidies due to a lack of knowledge, resources or time to manage these grants. This inaction can result in the loss of significant funding opportunities that could drive innovative projects and improve business competitiveness
Many companies do not take advantage of the available subsidies due to a lack of knowledge, resources or time to manage these grants. This inaction can result in the loss of significant funding opportunities that could drive innovative projects and improve business competitiveness
The Importance of Having a Specialized Consulting in Subsidies and Deductions
Having a consultancy specialising in subsidies and deductions is essential to maximise the tax and financial benefits derived from R+D+i projects. These consultancies not only identify the best funding opportunities, but also manage the entire process, from application to final justification, ensuring that the company meets all the requirements and deadlines set.
THEN KEY
Tracking and Knowledge
Success in obtaining subsidies and deductions lies in the constant monitoring of the available aid and the in-depth knowledge of the requirements and deadlines. It is crucial to be aware of new calls, understand the projects that are eligible for funding, and keep an up-to-date record of the progress and results of ongoing projects. This constant monitoring allows companies to be proactive and take advantage of all the financing opportunities that present themselves.
Success in obtaining subsidies and deductions lies in the constant monitoring of the available aid and the in-depth knowledge of the requirements and deadlines. It is crucial to be aware of new calls, understand the projects that are eligible for funding, and keep an up-to-date record of the progress and results of ongoing projects. This constant monitoring allows companies to be proactive and take advantage of all the financing opportunities that present themselves.
SOCOTEC: Your Specialized Consultancy in Subsidies and Deductions for Innovation R+D+i
At SOCOTEC, we specialise in obtaining subsidies and deductions for R+D+i projects. We offer a comprehensive monthly audit and evaluation service, adapted to the needs of each company, identifying and managing financing opportunities.
Our model includes regular meetings to update the project portfolio and manage the necessary intermediation and documentation. We also handle tax deductions for R+D activities, ensuring maximum tax benefit.
Being a SOCOTEC customer guarantees constant monitoring and identification of all financing opportunities, maximizing the profitability of your investments in innovation.
Do you want to know more about how we can help you maximise deductions and subsidies for your R+D+i projects?
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