During The Dutch Technology Week I attended a very interesting event. Innovation in technology, in 100 years, doubled the lifespan, tripled the income, reduced the food cost by 13 times, reduced the energy cost by 20 times, reduced the transportantion cost by 100 times, and reduced the communication cost by 1000 times. All these were possible when knowing how to get the maximum outcome from a technical innovation.
The first presentation talks about the industrial evolution. Ray Kurzweil's graph, "the most important graph in all the technology business", or even better said "the most important graph ever graphed" is on one of the slides. In 1965 the co-founder of Intel, Gordon Moore, observed that the number of transistors doubles every two years in the integrated circuits. Nowadays the components get cheaper, computers transform and get smaller, and Moore's law is still valid.
From the year 1784 we passed through four industrial revolutions, with an increased technical complexity with time. Nowadays machines do amazing things. An interesting statement presented was that there is a 93.5% chance that the job for accountants and auditors may be done in full automatic mode by a machine in the future.
Video 1 . The importance of innovation
The second presentation outlines the updates from 19 May 2016 for the taxation of the Dutch innovation box. The profit for the innovation box is taxed at an incredibly reduced rate of 5%, in comparison to the rate of 25% for the normal Dutch corporate income. The new innovation box proposal states that all the intangible assets developed after 30 June continue to benefit from the current regulations until 1 July 2021. The presentation discusses about the criteria for access to the innovation box, methods to determine the profit, methods to continue the development of intangible assets (the innovation), and administrative details.
Video 2 . The innovation box
The third presentation continues the discussion for the research and development tax credit scheme with details from the WBSO manual for the year 2016. It helps the entrepreneurs to continue the development of their technical innovation with low or lower costs, in order to remain competitive in the field.
Video 3 . Make the best use of innovation grants
The event had a fourth presentation, about technology and smart mobility. Unfortunately my telephone ran out of battery, and it is anyway outside the range of my research interests.
The event had two breaks when the entrepreneurs that attended the event could have had professional advice from the speakers regarding specific details for their own business. The atmosphere was relaxed and with a good exchange of information.
