The UK’s life sciences sector is Europe’s top hub for life science startup funding. Focusing on the multifaceted, scientific research of living organisms, life science includes biotech, pharmaceuticals, medical technology, digital health and more.
Under high demand within the last few years for the development of vaccines, life sciences innovations can also include new formulations, biological screening, compounds, species, strands, reagents etc.
R&D tax credit qualifying life sciences projects must attempt to “resolve a scientific or technological uncertainty”. This is when a qualified professional cannot see a solution to a problem without exploratory testing and development.
The testing must attempt to fill a knowledge gap within the industry by changing a current product, process or service, or creating a new product, process or service.
Developing, testing and analysing new or modified:
Developing, testing and analysing new or modified:
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