1. Knowledge-intensive companies
26 January 2018

2. Knowledge-intensive company benefits
From November 2015
10 year age limit (7 years otherwise)
£20 million lifetime investment limit (£12 million otherwise)
Under 500 full time employees (Under 250 FTE otherwise)
PLUS
From 6 April 2018
£2 million EIS annual investor limit (£1 million otherwise)
£10 million annual investment limit (£5 million otherwise)
10 year age limit starts from £200,000 annual turnover (first commercial sale otherwise)

3. Knowledge-intensive company definition
The company must meet:
AND
At least ONE of
First operating costs condition
At least ONE of
Innovation condition
Second operating costs condition
Skilled employees condition

4. Operating costs conditions
2015 definitions
First operating costs condition: 15% of operating costs on R&D or innovation in one of three preceding relevant years
Second operating costs condition: 10% of operating costs on R&D or innovation in each of three preceding relevant years
From 6 April 2017, for companies less than three years old:
Operating costs conditions apply to the three years after investment (not for increased FTE limit)
| Security Marking | Presentation Title |

5. Innovation condition
Company has recently created, is in process of creating, or preparing to create intellectual property which will form greater part of business activities within next 10 years
Intellectual property: any patent, trade mark, registered design, copyright, design right, performer's right or plant breeder's right

6. Skilled employees condition
Minimum 20% of FTEs are skilled employees
Skilled employee:
holds a relevant Masters degree or above, and
is engaged directly in research and development or innovation activities carried on