admin – Page 28 – Swanson Reed | Specialist R&D Tax Advisors

Allied Cycle Works Releases their First Full-Suspension Mountain Bike

Allied Cycle Works has announced the official release of their first-ever full-suspension mountain bike.

Based in Arkansas, the company has been designing and developing unique carbon fiber bicycles with perfectly crafted manufacturing processes. Allied Cycle started their journey with the intention of producing top-quality bikes right here in America. This mission included the need for control over each piece that goes into each bike. From brand, to design, to raw material selection, each component is treated with the same care and consideration.

This attention to production and quality continues, and is felt in every bicycle made. Including the new BC40 mountain bike. This is a first for the company as they have not previously designed a full-suspension mountain bike. They have spent countless hours designing this bike from front to rear. From design to prototype to testing, and finally release, the company has spent more than 2 years conducting research and development for this bicycle. Despite supply chain issues and other challenges, the bike came to fruition with a 4.5 lbs frame and a cross between cross-country and all-day trail sled capabilities.

“We can’t wait to see this bike pushed to the limit by our athletes Lea Davison and Payson McElveen at the upcoming Leadville 100, Marathon Nationals, and more,” Medlock said.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Alabama-Based Small Tech Businesses can Apply for $250K in Grant Money

Washington Patent of the Month - December 2021

Governor Kay Ivey has announced the opening for applications for the Innovate Alabama Supplemental Grant program. This initiative will provide up to $250,000 in grant money for Alabama’s small tech businesses.

Alabama-based recipients of Phase I an dPhase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply. Those Phase 1 recipients can apply for 50% of their award, up to $100,000. Phase II can apply for 50% up to $250,000.

Alabama startups have been historically limited by a lack of access to capital. The Alabama Innovation Corp. was created to promote innovation and entrepreneurship in the area, especially in the technology fields.

Ivey called the program “the latest way our state is creating an attractive business environment for pioneering ideas that will change our world.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Canaery Secures $14M in Seed Funding for their Digitized Olfaction Technology

Canaery, the startup focused on digitized olfaction, announced they have successfully secured more than $4 million in seed funding to accelerate their development.

While others are advancing imaging and object recognition systems, this company has switched gears to target our other sense – smell. The company is developing a scent-sensing platform capable of detecting scents with the same accuracy as a trained animal.

Their system can be used in a range of applications including:

Detection of explosives, biological threats, contraband;
Identification of zoonotic diseases (eg. swine flu) and plant diseases before there are any visible signs;
In human health through screening for infectious and physiologic diseases.

The funding will help in the development and rendering of the Canaery neural interface, which is thinner than a piece of tissue paper and a quarter the size of a US postage stamp. This neural interface is based on a decade of primary research and is capable of detecting every scent that enters the natural olfactory system of a working animal.

So the animal smells, as usual, and the neural interface detects these chemical signatures. The interface then wirelessly transmits the chemical signatures to the cloud for processing within seconds – even before the animal consciously identifies the scent. In fact, the interface can even identify scents the animal has never encountered before.

The round was led by Breakout Ventures and included participation from major investors Dolby Family Ventures, KdT Ventures and SOSV. Canaery previously was part of the IndieBio class of 2021.

“Canaery is the first company to successfully harness the miracle of nature’s olfactory system instead of trying to reinvent millions of years of evolution,” said Gabriel Lavella, CEO and founder of Canaery. “I’m grateful for the support and faith shown by our investors, and for the hard work and dedication of everyone on team Canaery. This capital will help us recruit additional top tier engineering talent and further invest in R&D as we move toward full commercialization.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

AlgiKnit Pulls $13M in Series A Funding

New York-based AlgiKnit Inc., an algae-based textile startup, is working towards scaling their production capabilities and expanding their team. The company has just announced they secured $13 million in Series A funding led by Collaborative Fund. H&M CO: LAB (the investment arm of H&M Group), Starlight Ventures, Third Nature Ventures, as well as previous backers Horizons Ventures and SOSV also participated in the round.

Their latest round of funding will support their circular economy mission as well as help to invest in its manufacturing and R&D divisions. The startup plans to increase its team, currently 20 people, and is actively hiring for 10 new roles at its headquarters in North Carolina.

The company is focused on revolutionizing the fashion ecosystem, transforming seaweed into fiber for a truly eco-conscious material choice. At present, fast fashion and the over production of textiles from non-sustainable materials is creating massive environmental impacts. To combat this, the company started developing materials from seaweeds such as Macrocystis pyrifera – one of the planet’s most renewable and regenerative organisms. With these materials, they can generate yarns and fibers without relying on petroleum or toxic chemicals.

The startup says its goal is to provide designers and brands with the tools and materials necessary to create a sustainable future for people and the planet. AlgiKnit’s fibers can be used in various form factors including knit and woven goods for apparel, interiors, furnishings, and even automotives.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Safari Solutions Awarded $10K at Startup Competition for Car Wash Technology

South Dakota Patent of the Month - August 2021

Safari Solutions, a car wash technology startup, took home a $10,000 award after winning the Startup Appalachia Pitch Competition.

The Kentucky-based startup, founded in 2021 by car wash operator Dakota Hoskins, won first place when they pitched their idea to add barcode scanning capabilities to any car washing kiosk. The company had developed a module that enables car wash operators to add these barcodes which could enable various marketing campaigns.

During his pitch, Hoskins said the idea for the company’s barcode scanning technology came after he attended a trade show in Las Vegas last fall. He was there looking for marketing opportunities to promote his car washes’ unlimited wash club program, and while he found a firm that fit the criteria in OptSpot, the car washes weren’t equipped with the right kind of technology to do such a marketing campaign.

Hoskins believes the technology, which includes a fixed mount for a kiosk and a handheld device, could easily increase a car wash’s revenue by 30%-40%. The products also allow operators to streamline barcode management across multiple point-of-sale systems.

The company is already looking to expand their team and is on the lookout for another programmer to continue development. The funding will go towards additional product research and development, and patent protections.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Jellatech Reveals its First Animal-Free, Cell-Based Collagen

Jellatech, a North Carolina-based biotech startup, has announced the successful production of cell-based collagen using their proprietary cell lines. In their announcement, the company explains they have created full-length triple-helical collagen that functions identically to conventional sources.

Collagen is used in numerous industries including cosmetic, pharmaceutical, and food production. As such, Jellatech set out to create a clean and sustainably superior version of the protein. A version that does not rely on animals for sourcing. Collagen is traditionally sourced from animal skin, bones, and connective tissue.

In April last year, Jellatech secured $2 million in a pre-seed funding round which supported the ongoing collagen and gelatine R&D. This funding and extensive R&D work allowed Jellatech to send out samples of its collagen development with the aim of commercializing within 18 months. The recent announcement shows they have achieved bioidentical results with cell-based collagen – suggesting their ambition is within reach.

“This is a major milestone for us and I am beyond proud and excited that we are already here. Being able to see our clean cell-based collagen with the naked eye – it brings happy tears,” Stephanie Michelsen, CEO of Jellatech said in a statement.

The company first considered plant-based and fermentation-based methods before deciding against them due to their known limitations. Jellatech claims that both are unable to fully mimic the range of functionality that animal-based collagen contains, therefore its cell-based innovation is a step ahead.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

Synteris Receives $2.7M Award for Ceramic Electronics 3D Printing Technology

New Mexico Patent of the Month - June 2021

Synteris, a Maryland-based startup, has raised $2.7 million in funding towards the development of a novel ceramic 3D printing approach. The funding comes from the US Department of Energy who released a total of $175 million through their Advanced Research Projects Agency-Energy (ARPA-E) grant program. The grants will fund 68 R&D projects focused on disruptive technologies in the energy, electric vehicle, storage, and nuclear recycling industries.

Synteris’ technology is designed to serve as an alternative means of producing parts from non-oxide ceramics, like carbides, nitrides, and borides. The approach synthesizes non-oxide material in-situ as opposed to directly laser melting ceramic feedstock powders. The use of laser-induced reactions between their reactive precursor system and a gaseous atmosphere synthesize an array of carbides or nitrides by altering the reactant gas and precursor constituents.

The technology has been coined Selective Laser Reaction Sintering (SLRS). The company intends to use this new funding to deploy SLRS in the creation of a new form of electronics packaging capable of improving EV and aircraft performance.

As part of the ARPA-E program, Synteris will work with the National Renewable Energy Laboratory to improve the thermal management, power density, performance, and lifetime of ceramic packaging for power electronic modules.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

A Partnership Between InoBat Auto and Ideanomics will Advance EV Battery R&D and Production

InoBat Auto, a European pioneering supplier of premium batteries for electric vehicles (EV), has announced plans for a phased investment project based in Indiana. The project will be achieved in cooperation with Ideanomics, a global company focused on accelerating the adoption of commercial EVs.

The multi-phase project will have three distinct stages. First, they will open a new R&D and production facility for battery module and pack assembly with an initial annual production capacity of 100 MWh. Then each company will aim to construct a full commercial-scale battery module and pack assembly plant with an initial 2-3 GWh yearly production capacity.

The first two phases would be supplied by cells from InoBat Auto’s European facilities. The company is also exploring the option to construct a tailor-made battery cell production facility with an initial 4 GWh annual capacity.

The goal is to develop, produce, and distribute integrated battery pack solutions for the US market. The strategic partnership was established in January 2022 in an effort to expedite the innovations needed to accelerate EV adoption. InoBat Auto’s first-generation NMC 622 pouch cell achieves quicker charging, extra life cycle, higher capacity, and better capacity retention that the benchmark pouch cells. This technology will benefit Ideanomics, creating a significant technological edge for Ideanomics’ vehicle, charging, and energy solutions to meet fleet operations’ growing needs for clean mobility and infrastructures.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

HydroGraph Clean Power Inc. Announces Opening of new Manufacturing and R&D Facility

HydroGraph Clean Power Inc. has announced the opening of their 13,000 sq ft manufacturing facility in Manhattan, KS for the production of its graphene. The new facility will allow the company to combine their R&D and engineering work under a single roof.

HydroGraph is a commercial manufacturer of high-quality nanomaterials and alternative-energy fuels. Their patented Hyperion detonation process is capable of producing high quality graphene at minimal cost and in an environmentally friendly manner. This is achieved through its low energy consumption and absence of emissions. The process can produce standard fractal graphene and the company’s proprietary “reactive graphene”

Fractal graphene is often used as an additive super-material to increase strength, water resistance, flexibility, and electrical conductivity. The reactive graphene has a unique ability to chemically combine with other products in a superior bonding process.

The new facility is designed using the famous “Bell Labs” approach, providing R&D workspace near the manufacturing and production process to enhance future innovation and product development. HydroGraph’s R&D infrastructure combines a unique network of chemistry, physics and engineering disciplines.

“This facility is the pinnacle in research and development,” said Dr. Chris Sorensen, vice president R&D. “Our new space allows the science to flourish and, as a result, will allow graphene to live up to its potential to change the world.”

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

PlantBaby Acquires $4M in Seed Funding for Children’s Vegan Milk

Hawaii-based PlantBaby has announced the closing of their seed funding round which pulled in $4 million in funding. The round was led by Big Idea Ventures and with participation from The Fund LA, Two Culture Cap, Springbank Collective and Western Technology Investment and notable private investors.

The vegan milk maker intends to use the funding to support their ongoing R&D and to open up new opportunities. The company started out by launching their first milk product, Kiki Milk, in December of 2021. This milk formulation is made from both whole and superfoods for children.

The concept of vegan milk formulations specifically for children was inspired by the co-founders own personal experience. Lauren and Alex Abelin tried vegan, soy-free and dairy-free infant formula when they found out their son needed specialist nutrition but were overall unsatisfied by the product.

They set out to formulate their own plant-based milk that would meet the needs of the 40% of children who have health conditions not supported by nutritional products already on the market. By working with pediatricians and nutritionists, their formula takes into account the unique developmental needs of children – especially those with special nutrition needs.

“Since launching just six months ago, we’ve seen constant consumer demand,” Alex Abelin, co-founder of PlantBaby said in a statement. “This fundraising round will support continued research and development of new plant-based culinary innovations and continued growth of the brand to make PlantBaby itself a vehicle to create positive change for children’s health and well-being of children everywhere.”

PlantBaby’s formula opts for whole foods in place of refined sugars, preservatives, protein isolates, gums, and GMO ingredients. The company has confirmed organic oats, hemp seeds, and coconuts as key ingredients alongside superfood plants, blueberries, and spinach. To date, Kiki Milk has been released in original and chocolate formats.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.