What is the TRL (Technology Readiness Level) scale?
The Technology Readiness Level (TRL) scale is used to assess the technological maturity of an innovation or technology before its operational implementation. This tool is commonly used in the field of research and development (R&D) to provide a common understanding of a technology’s degree of readiness. TRL is a concept created by NASA NASA…
Decarbonation and Public Funding for Energy in the world
Many countries are pursuing emission reduction policies as climate change has become one of the world’s principal challenges. Nations worldwide are facing macroeconomic and financial challenges that need to be tackled if governments want to achieve the ambitious targets for net zero by 2050. Decarbonising the global economy has become one of the main objectives…
Global R&D Tax Markets
Research and development plays a fundamental role in the advancement of science, technology and innovation. Organisation for Economic Cooperation and Development (OECD) countries recognize the importance of encouraging investment in R&D to boost economic growth and improve competitiveness. In this sense, many countries have implemented a series of tax incentives to promote investment in R&D.…
Digital Transformation
What is the Digital Transformation? The digital transformation is not just one thing or activity, but an entire process by which companies enhance the digital technology in their businesses, using it to change or create new processes, cultures, and customer experiences, optimising all the activities right from the start. The process can vary from…
ChatGPT and the R&D behind it
OpenAI, Chat GPT, and generative language models 2023 will go down as the breakthrough year for ChatGPT due to the intuitive capabilities and wide scope of applications of the tool. But where did it all start? Created in 2015, OpenAI has notable founders such as Elon Musk and Sam Altman with the aim of integrating…
Ensuring Data Security and Privacy
Given the great volumes of data and information to be handled these days, companies need to implement security measures and processes to guarantee data protection and privacy. In the IT world, companies are becoming increasingly vulnerable to possible cyberattacks. It is therefore crucial for all organizations to have information security systems enabling them to analyse…
The Voice of the Experts: The Value of Grants
Innovation and technological development lie at the core of FI Group’s DNA, filtering down through every member of the group. These elements are deemed indispensable for fostering growth and bolstering the competitiveness of any country. This stemmed from the aftermath of the Covid-19 pandemic. Where both national and international policies strategically pivoted towards promoting investment…
Artificial Intelligence at FI Group
What is Articifial Intelligence (AI) ? Articifial Intelligence is a technology that belongs to the field of computer science and aims to create systems and algorithms that run in a dynamic environment, based on the collection and processing of data. These computer programs must be able to simulate human intelligence. The main objective of…
No more Consultants VS Robots
Why does digital transformation matter? Case studies have argued that 50% of employees could be replaced by machines because of the big technological advancements in AI in the era of Digital Transformation, however, we see this as a complement instead as a negative human replacement. We see computer software’s and AI as an addition…
How innovation incentives contribute to the creation of high quality jobs
Most countries are facing a common problem in R&D staff recruitment: utilizing native highly qualified research personnel. In other words, retaining local talent is becoming a challenge for universities, private companies, and governments in general. But what is driving local talent to leave their home countries? It is a question that cannot be answered in…
