R&D in robotics
Research and development tax credits in robotics have become active, after the government has realised the importance of increasing productivity and competitiveness in the manufacturing industry, and most companies that are engaged in robotics put a lot of emphasis on research and development. This will become an even greater focus given the tax credits, as it’ll become far cheaper to make huge steps forward. Thanks to this, companies can gain huge competitive advantages from innovation on the cheap, and the government gets far more exports and economic growth – it’s a win-win!
Since 2003, R&D robotics spending has tripled the number of robotics patents published, and with advancing technology meaning that new technologies are coming thick and fast, the further investments you can afford thanks to tax credits could give your company the edge.
Aspects of Robotics which are eligible for R&D
There are a few specific areas where R&D spending could mean rapid developments and areas for opportunity.
This is the use of computer programs and technologies to increase memory, boost the computational power, and enhance connective learning in robotics. R&D tax credits here could mean greater automation, as machines would be less reliant on onboard computing.
Automation in the mining industry can bring both productivity and safety, as self-driving vehicles can work 24/7 to transport ores, and self-operating machinery can work effectively and eliminate human error from the mining process.
New materials in robotics
The introduction of new materials from other sectors have enabled a higher quality of production in robotics. Whether based on durability, weight or functionality, these advanced materials could make for far higher quality robotics.
Big data is vital to all contemporary companies, as it guides firms on buying and selling habits of their customers, directing their business to be increasingly profitable going forward. Anyone who can find a significant breakthrough in this market would have huge opportunities in the future.
Flexible sensors can be applied in a wide variety of manners. They allow deployment in difficult, high-stress situations, or far more sensitive scenarios requiring very precise measurements. Companies and products using these can adapt and be developed for a huge variety of situations.
The robotics R&D offer can now have tactile skin applied to them, allowing for deployment in scenarios that would previously be difficult. Especially useful in prosthetics, this allows for a greater level of sensitivity in robotics.