We have just lodged our R&D numbers for the 2006/07 financial year and have reported a 33% increase in R&D spending on the previous year. Innovating is expensive in the software marketplace, especially at the small business end where IT standards are slim and we find ourselves developing standards as well as developing the application. Don’t get me wrong, I’m not complaining. R&D is crucial to our success.
The R&D reporting process is one of the few reporting to government processes I enjoy because you get to review the year and consider this in the context of current work. As one often discovers when completing the R&D reporting, there are projects which didn’t make it. The government paperwork reminds you of the cost of the experiment.