Specialist R&D Tax & Grant Funding Advisors
The Virtulab is part of CG Tech, an international engineering services group focusing on planning and executing client projects safely, successfully, and on time. The Virtulab develops digital solutions that transform traditional project management processes and enhance outcomes.
);R&D Tax Credits
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TheVirtuLab started life back in 2015 as a skunk works and think tank for CG tech. Now, it’s a SaaS business that has expanded to several other software-based client facing solutions. Almost all their products are visually based and are designed to provide unique insights - or enable you to engage with the physical world in different ways. To quote: “We see the world differently, and we can help you see your world differently too”.
The idea behind TheVirtuLab’s project was to develop a virtual working environment so that people can get the authentic experience of conferences, remote working, expos, etc whilst still reducing their carbon footprint.
The development of the virtual working environment (Virtuworx) involved creating an avatar-based platform that is fully customisable and available to use across multiple sectors and experiences (such as remote working, virtual events, remote education, festivals / social events). It enables users to experience everything from designing the avatar to choosing the look and feel of their bespoke virtual environment.
They can also map and model an office or building for use in the platform or create an ultimate customised environment by building their own piece of virtual real estate. The platform’s artificial intelligence (AI) driven analytics also further enhances the experience of the users.
What sets Virtuworx apart is the number of features and technologies that are brought together to provide a rich, immersive, and easy system. It enables all of the real-world technologies and capabilities that users would expect across multiple verticals. These technologies do not exist on their own, and in most cases do not natively work together in a seamless or connected manner.
Having reviewed the project, Myriad Associates’ technical consultants prepared detailed reports that clearly demonstrated how TheVirtuLab projects qualified for R&D Tax Credits. They then submitted a fully optimised claim on the company’s behalf.
"I would say to anyone considering Myriad Associates for their R&D tax claim to get on and do it. The team are friendly, efficient and approachable and it was good to know all eligible costs were included." - David Cummins, Executive Director, TheVirtuLab.
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Please contact us to discuss how working with Myriad Associates can maximise and secure R&D funding opportunities for your business.
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