European countries offer excellent R&D incentives that can significantly improve the growth prospects of entrepreneurs and startups. These incentives come in the form of tax benefits, financial contributions, talent pool access, and other forms of support to assist innovators in launching their projects. For example, in the Netherlands, Belgium and Ireland, companies can apply for so-called Patent Boxes that give a lower corporate tax rate on profits from innovation.
Each country has its own unique set of R&D incentives, so it is important to research the opportunities available in order to make the most out of them.