{"id":13048,"date":"2025-11-25T16:40:41","date_gmt":"2025-11-25T16:40:41","guid":{"rendered":"https:\/\/www.healthnews.ie\/?p=13048"},"modified":"2025-12-12T09:21:44","modified_gmt":"2025-12-12T09:21:44","slug":"rd-tax-credit-increase-will-help-medtech-transform-lives","status":"publish","type":"post","link":"https:\/\/www.healthnews.ie\/healthcare-innovations\/rd-tax-credit-increase-will-help-medtech-transform-lives\/","title":{"rendered":"R&amp;D tax credit increase will help medtech transform lives"},"content":{"rendered":"\n<div style=\"background-color:#f2f2f2;color:#32373c\" class=\"wp-block-atomic-blocks-ab-profile-box round ab-has-avatar ab-font-size-14 ab-block-profile ab-profile-columns\"><div class=\"ab-profile-column ab-profile-avatar-wrap\"><div class=\"ab-profile-image-wrap\"><figure class=\"ab-profile-image-square\"><img loading=\"lazy\" decoding=\"async\" width=\"430\" height=\"431\" class=\"ab-profile-avatar wp-image-13049\" src=\"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2025\/11\/25162248\/vicky-1764087767-Eoghan-O-Faolain-headshot-002.jpg\" alt=\"\" srcset=\"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2025\/11\/25162248\/vicky-1764087767-Eoghan-O-Faolain-headshot-002.jpg 430w, https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2025\/11\/25162248\/vicky-1764087767-Eoghan-O-Faolain-headshot-002-125x125.jpg 125w\" sizes=\"auto, (max-width: 430px) 100vw, 430px\" \/><\/figure><\/div><\/div><div class=\"ab-profile-column ab-profile-content-wrap\"><h2 class=\"ab-profile-name\" style=\"color:#32373c\">Dr Eoghan \u00d3 Faol\u00e1in<\/h2><p class=\"ab-profile-title\" style=\"color:#32373c\">Director, Irish Medtech<\/p><div class=\"ab-profile-text\"><\/div><ul class=\"ab-social-links\"><\/ul><\/div><\/div>\n\n\n\n<p><em>Medtech\u2019s ability to transform lives and grow the economy depends on its culture of innovation. Recent policy changes, specifically changes in the R&amp;D tax credit, may impact this.<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p>Global headwinds are seeing competition for medical technology innovation rise as this dynamic industry grows. It\u2019s one of the most pioneering sectors in Europe, and the recent increase in R&amp;D tax credit to 35% marks a milestone that Irish Medtech has lobbied for. Additionally, the upcoming review of outsourcing and qualifying expenditure definitions, along with the announcement that the threshold for first-year refunds under the R&amp;D tax credit scheme will increase to \u20ac87,500 to support smaller projects, marks a positive step forward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-strengthening-ireland-s-global-edge\"><strong>Strengthening Ireland\u2019s global edge<\/strong><strong><\/strong><\/h2>\n\n\n\n<p>Ireland&#8217;s medtech sector is a global leader, directly employing 50,000 people, contributing \u20ac20 billion in exports and delivering life-saving technologies worldwide. There are over 450 medtech companies in Ireland, of which 80% are SME&#8217;s or start-ups, underscoring the scale of innovation-led entrepreneurial activity. Ireland is also home to 9 of the world&#8217;s top 10 medtech companies and a thriving indigenous base.<\/p>\n\n\n\n<p>Our neighbours, France, have an R&amp;D tax credit at 43%, followed by the Netherlands at 32%, with the UK also strengthening support with a focus on SME R&amp;D relief. This means that the Budget 2026 announcement will undoubtedly support our position as an internationally recognised leader.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Targeted improvements to our R&amp;D support will ensure we stand out both locally <br>and globally, as well as further enhance Ireland\u2019s competitiveness.<\/p>\n\n\n\n<p><a id=\"_msocom_1\"><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-legacy-of-breakthrough-medical-innovations\"><strong>Legacy of breakthrough medical innovations<\/strong><strong><\/strong><\/h2>\n<\/blockquote>\n\n\n\n<p>Medtech is one of Europe\u2019s most innovative industries, and if measured in patents, Ireland has a proud record with over 2,000 patents filed over the past decade and more than 60% of businesses actively investing in R&amp;D here. Targeted improvements to our R&amp;D support will ensure we stand out both locally and globally, as well as further enhance Ireland\u2019s competitiveness.<\/p>\n\n\n\n<p>Ireland has made a big impact from the first bi-aural stethoscope developed by Trinity College Dublin graduate Arthur Leared in 1851, to the portable defibrillator developed by Dr James Francis &#8216;Frank&#8217; Pantridge in partnership with NASA in 1965, and beyond. Irish Medtech is confident that, with the right business environment, we\u2019ll continue to reinvent the way we view health and treat for a better future.<\/p>\n\n\n\n<p><a id=\"_msocom_1\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Medtech\u2019s ability to transform lives and grow the economy depends on its culture of innovation. Recent policy changes, specifically changes in the R&amp;D tax credit, may impact this. Global headwinds are seeing competition for medical technology innovation rise as this dynamic industry grows. It\u2019s one of the most pioneering sectors in Europe, and the recent &hellip; <a href=\"https:\/\/www.healthnews.ie\/healthcare-innovations\/rd-tax-credit-increase-will-help-medtech-transform-lives\/\">Continued<\/a><\/p>\n","protected":false},"author":163,"featured_media":13050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5973],"tags":[5995],"class_list":["post-13048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare-innovations","tag-healthcare-innovations"],"acf":[],"featured_image_src":"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2025\/11\/25163943\/vicky-1764088780-GettyImages-1193074238-600x400.jpg","featured_image_src_square":"https:\/\/s3.eu-north-1.amazonaws.com\/cdn-site.mediaplanet.com\/app\/uploads\/sites\/94\/2025\/11\/25163943\/vicky-1764088780-GettyImages-1193074238-600x600.jpg","author_info":{"display_name":"Mica Robertson","author_link":"https:\/\/www.healthnews.ie\/author\/micarobertson\/"},"vicky_category_order":[{"category_id":5973,"order":"8"}],"vicky_index_order":"","_links":{"self":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts\/13048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/users\/163"}],"replies":[{"embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/comments?post=13048"}],"version-history":[{"count":3,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts\/13048\/revisions"}],"predecessor-version":[{"id":13235,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/posts\/13048\/revisions\/13235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/media\/13050"}],"wp:attachment":[{"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/media?parent=13048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/categories?post=13048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.healthnews.ie\/wp-json\/wp\/v2\/tags?post=13048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}