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Funding digital innovation through the tax system — healthtech

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.

Hardware development and handling big data are the leading challenges in the health technology sector at the moment. Some businesses are focussed on the challenge of how to pull data from disparate sources and to carry out rapid, insightful analysis of existing large data sets, whereas other businesses have focussed on capturing data in a usable format, purposed for the analysis they want to carry out. The later tend to be developing hardware or integrating with existing hardware in order to generate data. Both approaches form strong support for funding through the innovation tax relief.

There are also huge breakthroughs happening in life sciences which also make for strong R&D tax relief claims where they happen in the context of a trade (rather than as academic research).

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