Glasgow-based Kingdom Technologies has secured £2 million in funding from Scottish Enterprise and other UK and European investors. The product? Commercial robotic lawn mowers. The company was founded in 2018 and has grown rapidly since, bringing in multiple startup competition awards across Scotland and raising over £800,000 in funding from private investors and public funds. [...]
Sonio, a Paris-based startup focused on improving prenatal care with artificial intelligence, has secured €5 million in new funding. This funding round was led by Elaia, OneRagtime, and Bpifrance. The startup’s pioneering technology aims to guide practitioners during ultrasounds to optimize their treatment and diagnosis. They leverage 5 years of R&D and clinical development expertise [...]
SiFive, Inc., a fabless semiconductor company, has announced the opening of its new UK Research & Development (R&D) Center headquartered in Cambridge, United Kingdom. Along with this new facility, the company is committed to hiring more than 100 new employees across a range of roles. SiFive is the first company to produce a chip that [...]
In an effort to mitigate abuse of tax credits, HMRC suspends certain research and development claims while it investigates irregularities. Until it is able to investigate some claims that are irregular, HMRC has frozen the payment of some research and development (R&D) tax credits. The majority of R&D tax credit claims will not be affected, [...]
The ICAEW's Tax Faculty summaries the annual report and highlights the differences HMRC complaints decreased by 19% (1,029) COVID-19 support is less of a problem, but the number of complaints is higher than before COVID. The complaints that have been resolved represent 32% of the total, and those that have been partially resolved could still [...]
Edinburgh-based startup, Stamp Free Ltd has raised £600,000 as part of an oversubscribed funding round. The company has only increased in valuation since September 2021. With a pre-investment valuation of £4 million, the company doubled its £2m pre-investment valuation from its Seed One funding round. The company has focused their efforts on developing a digital [...]
NatureMetrics, a DNA-based biodiversity monitoring company, has announced a raise of more than €14 million in fresh funding. The funding round was led by urban sustainability-focused venture capital fund 2150 and saw participation from Ananda Impact Ventures, SWEN Capital Partners’ Blue Ocean and BNP Paribas Solar Impulse Venture Fund, and follow-on from Systemiq Capital. Governments [...]
WANdisco, Inc. has announced their plans to create 33 jobs at their Belfast software development centre. In addition to these 33 roles, another 11 positions will be opened up to support their research and development efforts, doubling their Northern Ireland R&D staff over the next three years. “With this new £7 million investment, we plan [...]
The Welsh Government has launched a fully funded research and development scheme to support the creation of blockchain technology. The scheme, aptly titled “Demonstrating the Potential of Blockchain”, will be run by Blockchain Connected - part of Technology Connected, the network for the technology industry in Wales. The plan was first launched in January and [...]
Read time: 3 minutes Rishi Sunak’s 2022 spring statement promised to reform the UK's R&D tax credits to be more generous to businesses. Which sounds like great news for small and medium sized enterprises (SMEs). But how does the government plan on doing this and how will it benefit your business ? Changes in R&D tax [...]
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Mexx Engineering2022-05-27We are a client of Swanson Reed since 2010. Damian and his team are very professional and extremely organised. At all times, our R&D applications were handled with care. They have reviewed each application extensively and made sure that we are supported every step of the way. We highly recommended their services.
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