6 June 2024

What is it?

Tech for Good is a first-of-its-kind initiative recently launched by FI Group that aims to help bring new technologies to market by offering pro bono consulting services for R&D and grants funding to one lucky winner. 

Navigating the R&D tax and grants landscape can be tricky, particularly given the complexities of the new legislative changes.  By offering R&D consulting services for free, we hope to help one innovative company to access more funding, whether that’s through R&D tax relief or grants (or a combination of both).  

Why are we doing it?

The answer is simple – to demonstrate our commitment to being socially accountable to ourselves, our stakeholders, and wider society. Here at FI Group, one of our biggest motivators is our ability to help innovative companies fund their R&D and deliver ground-breaking technologies – particularly those with great social or environmental impact.  

For example, the research and development of innovative medicines and therapeutics has significant social impact by building healthier, happier, and thus more productive societies, triggering economic growth. At FI Group, we are lucky to have many clients carrying out R&D in the fields of medicine and biotechnology, such as AKL Therapeutics, who are developing a novel therapeutic for inflammatory diseases where this is a high unmet need, including osteoarthritis and other complex diseases that come with aging. Or Sky Medical, who develops bioelectronic wearable devices that provide increased blood circulation to prevent and treat a wide range of acute and chronic medical conditions, such as promoting the healing of wounds and preventing life-threatening blood clots.   

On the environmental side of things, in addition to economics benefits, the development of green technologies contributes significantly to reducing the negative impact of human activity on the environment.  At FI Group, these are some of our favourite projects that we help to access funding. For example, Dronamics, who have developed the first bio-fuelled cargo drone licensed to fly in the EU, resulting in 60% less emissions than current transport options. There is also Evove, a company developing novel precision membrane technologies to extract critical minerals needed for sustainable energy transition (e.g., lithium), and significantly decarbonise desalination and the processing, treatment and recycling of liquids. 

So, if you’ve read this far, we’re curious … do you know of any companies carrying out innovative activities to impact social or environmental change? And could they use free advice on how to access more funding?  

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