This is an overview of how different areas of the digital economy take up funding for innovation through the tax system. Other sectors are covered in separate posts.
Games development thrives on innovation and typically have a reasonably short shelf life compared to other digital products so there is a constant push for new and better ways of doing things.
The development process in this sector typically covers many months or years before a product is launched and creates revenue, so funding for innovation through the tax system often plays a major role in development budgets for companies in this sector.
We’re seeing an increasing amount of development involving content and media production in this space, as well as hardware development.