R&D aims to resolve scientific or technological uncertainty through advances in science or technology. R&D plays an important role in innovation and future company profits by resulting in high quality jobs, successful businesses, and more efficient processes. The government provides tax incentives and other supports to promote business R&D and innovation, including networking programs, grant partnerships between businesses and institutions, and innovation advice.

3. What is R&D
• R&D can be defined as any project to resolve
scientific or technological uncertainty
• It aimed to achieve an advance in science or
technology

4. Why R&D matters
R&D plays an important role in the innovation
process and future profits for companies
• Innovation results in high quality jobs,
successful businesses and more efficient
processes.
• The Government provides a comprehensive
range of support for business Research and
Development and Innovation (RDI), including
tax incentives and a range of other supports.

5. products relevant to business R&D&I
• Networking for innovation: supports businesses to build
relationships with knowledge base institutions to develop and
exploit new ideas;
• Knowledge Transfer Partnerships: grant to enable the
placement of a recently qualified person in a business, or the
exchange of staff between businesses and knowledge base
institutions;
• Innovation advice and guidance: this product aims to provide
businesses with expert knowledge and highly specialised,
technical and advanced skills, enabling them to innovate and
improve performance