Business Plan
If you’re new to the development process then you’ll need a business plan, see Bplans.com.
We can usually give a pretty good indication of anticipated manufacturing cost during initial discussions, although occasionally a feasibility study may be required.
Non-Disclosure
Always insist on a Non-Disclosure Agreement (NDA) before revealing your idea. Our NDA protects both parties against disclosure of confidential information & may be downloaded in several formats:
If you have an alternative NDA then we are happy to use this instead.
Intellectual Property
If your idea is innovative it may be worth protecting:
- For information on copyright, design registration, patents, trademarks, etc see the UK Intellectual Property Office.
- For an indication if the idea has already been protected try the SmartSearch service at the European Patent Office.
- Get in touch with us - if we can’t help you directly we can almost certainly point you in the right direction – contact us.
Angel Investors
If you need funding the British Business Angels Association is a good place to start.
Grants & Tax Relief
To search for grants available in your area try GrantsNet
Research & Development Grants are available for technically innovative products & processes:
- England - Business Link
- West Midlands - Advantage West Midlands
- East Midlands - East Midlands Development Agency
- Eastern England -East of England Development Agency
- London - London Development Agency
- North West - Northwest Regional Development Agency
- North East - One North East
- South East - South East England Development Agency
- South West - South West RDA
- Yorkshire - Yorkshire Forward
- Northern Ireland – Invest Northern Ireland
- Scotland - Smart:Scotland
- Wales - Business Support Wales
Research and Development (R&D) tax credits allow companies to deduct up to 150% of R&D expenditure for tax purposes. In some cases this tax relief may be surrendered for cash, see R&D Tax Credits.
Our experience is that applying for R&D tax credits is an extremely complex process, even with the help of an accountant. However GGTC Ltd. specialise in this area & operate on a "no tax credit, no fee" basis, so we would suggest making them your first port of call.