Georgia Recent News – Swanson Reed | Specialist R&D Tax Advisors

Pairwise Secures $40M in Series C Funding

Massachusetts Patent of the Month - June 2021

Pairwise, a gene editing technology focused on improving plant breeding, has closed a $40M Series C funding round led by Deerfield Management.

The company plans to use the funding to further their research in improved breeding in commodity crops. In particular, they plan to scale their product pipeline for their berries and pitless cherries. They also plan to advance their Fulcrum ™ Platform. Pairwise’s new seedless blackberry variety, announced in June, will deliver an improved eating experience for consumers and, in concert with compact architecture and thornless traits, bring added benefits to farm workers, growers, and the environment as well.

“We started Pairwise in the early days of CRISPR to accelerate innovation across agriculture, enabling the cultivation of crops that are more adaptive to climate change, and more nutritious and convenient for consumers, all while bolstering grower economics,” said Tom Adams, Pairwise Co-Founder and CEO. “This new investment will enable us to expand the impact of our proprietary Fulcrum Platform as we continue to lead this transformation with our proven ability to deliver novel solutions that address the most pressing challenges in agriculture today.”

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.

EarliTec Diagnostics Secures $21.5M for Groundbreaking Autism Diagnostic Tool

In a groundbreaking development for autism diagnostics, EarliTec Diagnostics, Inc. has secured $21.5 million in Series B financing. Led by Nexus NeuroTech Ventures and Venture Investors Health Fund, this funding will propel the commercialization of the EarliPoint Evaluation and drive further product development efforts.

EarliTec’s EarliPoint Evaluation is a first-of-its-kind tool designed to assist clinicians in diagnosing and assessing autism in toddlers aged 16-to-30 months. Utilizing Social-Visual Engagement technology, it tracks a child’s moment-by-moment looking behavior, providing objective measurements crucial for early identification of autism.

Despite autism’s prevalence, limited access to diagnosis and treatment options poses challenges for families. EarliPoint addresses this gap by offering a personalized, quantifiable, and objective diagnostic tool, empowering clinicians to deliver timely and personalized care.

The Series B funding will further EarliTec’s mission to expand EarliPoint’s commercialization efforts and complete studies validating its efficacy for children up to seven years old. With continued investment and innovation, EarliTec is poised to transform the landscape of childhood diagnostics, ensuring that every child receives the support they need, when it matters most.

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.

Falcomm Secures $4M in Successful Seed Funding Round

New Mexico Patent of the Month - August 2021

In a monumental stride for Atlanta’s semiconductor sector, Falcomm, Inc. has secured its first direct investment from Georgia Tech’s Research Impact Fund. This investment has come through the company’s first funding round. The seed round pulled in a total of $4 million with participation from Squadra Ventures, Cambium Capital, Draper Cygnus, and the Georgia Tech Foundation. This substantial capital injection serves as a testament to Falcomm’s prowess and marks a pivotal juncture for the company’s research and development initiatives.

At the heart of Falcomm’s recent success lies its dedication to cutting-edge research in semiconductor technology. The infusion of funding from Georgia Tech’s Research Impact Fund not only affirms confidence in Falcomm’s potential but also recognizes the company’s critical role in advancing semiconductor innovations.

The semiconductor startup has a new type of power amplifier for the wireless communications market. Its Dual-Drive PA, which founder Edgar Garay developed as a PhD candidate at Tech, can improve the power and efficiency of wireless signal transmissions in satellites, IoT devices, wearables, and cell phones.

The vision of Falcomm extends beyond conventional semiconductor applications, aiming to usher in a new era of technological possibilities. The company envisions innovations that can have far-reaching impacts, from enhancing communication systems to influencing advancements in healthcare.

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.

GlobalFoundries and Georgia Tech join forces to advance semiconductor innovation

GlobalFoundries (GF) and Georgia Tech have announced a strategic agreement to collaborate on semiconductor research and development. The partnership aims to expand research opportunities for students and advance semiconductor innovation. The two entities will work together to prepare and train a new generation of young people for careers in the semiconductor industry.

The partnership will include developing new educational, engagement, and research opportunities for students, curriculum development, training programs, internships, and joint faculty/engineering exchanges. Additionally, GF and Georgia Tech will collaborate on outreach programs to inspire interest in semiconductors and highlight career opportunities in microelectronics. The partnership will also explore programs to enhance diversity and inclusion within the semiconductor workforce.

The collaboration will help GF to advance its differentiated technology portfolio, in partnership with leading academic, government, and industry collaborators. The partnership will also allow Georgia Tech to leverage GF’s complementary technology and talent resources to benefit the semiconductor industry and improve the human condition.

According to Gregg Bartlett, Chief Technology Officer of GF, partnering with top-tier universities like Georgia Tech on research and development allows the company to tap into a deep pool of academic talent and technical expertise and bring new ideas and insights to the forefront of its work. He added that the collaboration aims to push the boundaries of what is possible in feature-rich semiconductor technology.

Semiconductor research is a top priority for Georgia Tech and the nation, as it develops innovative solutions that improve manufacturing and support national and state economies. The partnership with GF will enable Georgia Tech to contribute to the advancement of semiconductor innovation while preparing a new generation of young people for careers in the industry.

The collaboration will also include proposals for support from the US government through the CHIPS and Science Act funding. The partnership is a step towards advancing the semiconductor industry, and its benefits will be felt for years to come.

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.

PrologMobile has Secured $1M in Funding for their Device Intelligence Platform

PrologMobile, a tech company set on revolutionizing the way customers and businesses access device data, has successfully raised $1 million in funding from Atlanta-based Valor Ventures.

The company, who’s known as the reverse supply chain startup, intends to use this funding to deepen their roots in Atlanta’s tech ecosystem. This funding will help in this endeavor, expanding their staff and solidifying their presence in Atlanta.

The company has spent years developing a Device Intelligence Platform meant to provide value-based decisioning analytics. They’ve already begun providing these analytics for about 20% of the global reverse supply chain for mobile devices.

This mission came about when the company determined that no one in the global reverse supply chain for mobile devices had a good idea of what they are buying or selling. Mobile devices are complex with many interacting parts that need to be considered. PrologMobile’s platform sets out to provide a better way for devices to be analyzed, prices, and presented for resale.

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.

Sortile Wins Circularity 22 Accelerate Competition to Improve Fashion Sustainability

Sortile has been announced as the winner for GreenBiz Group’s Circularity 22 Accelerate competition after taking the stage by storm with their captivating fast pitch. Four startups from across the circular economy landscape competed for the prize, pitching their ideas to two industry experts – Francesca Whitehead, investor at G2VP, and April Crow, vice president at Circulate Capital.

The textile waste management technology company is focused on creating a more robust, circular fashion industry. The rise of fast fashion and microtrends have led to approximately 92 million tons of global textile wastes created every year.

Sortile removes key barriers for textile recycling including the difficult sorting process and lack of data. With these barriers removed, brands are more likely to follow through on their sustainability commitments.

“I started my professional career doing research on Latin American retailers,” Sortile’s CEO Constanza Gomez, who grew up in Chile, told GreenBiz. “I was able to have a clear view of the amount of waste that was created in the industry. It quickly became a sort of obsession to understand why textiles were not recycled.”

The co-founders pitched their device which sorts clothing by fiber composition quickly and efficiently using near-infrared spectroscopy (NIRS). This technology is traditionally used to image and monitor blood oxygen levels in brains, muscles, and tissue for the detection of injury and disease. However, Sortile has found they can apply the technology to optimize textile recycling. When combined with Sortile’s proprietary machine learning algorithms, NIRS is able to scan apparel and identify fiber compositions with 95% accuracy.

This reduces the labor needed to properly process and sort textiles and cuts the time needed in half. It also provides valuable data for B2B customers and improves transparency. Companies that collect clothes (returns or donations) can sell them back to fiber recyclers – saving on disposal costs, diverting material from landfills and helping meet sustainability goals.

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.

Document Crunch

Michigan Patent of the Month - October 2021

Document Crunch, Inc. has recently been announced as the gold-medal prize winner of the sixth annual Construction Startup Competition, sponsored by Cemex Ventures.

The 2021 Construction Startup Competition is a global competition wherein construction startup companies around the world had the opportunity to present their projects to a jury composed of the top representatives of each organizing company as well as an audience of experts in construction, investment, and innovation.

The organizing companies included CEMEX Ventures, Dysruptek, Ferrovial, GS Futures, Hilti, VINCI Group’s Leonard and NOVA by Saint-Gobain.

Georgia-based Document Crunch is a software tech startup who has leveraged Ai powers to identify and explain critical issues in construction contracts, insurance policies, plans/drawings, specifications and more. The construction industry is risky in both the physical aspect as well as the financial investment that each project brings. Most companies employ lawyers who spend hours sifting through these contracts and policies to identify potential issues. With the AI based program, these reviews can be completed in much less time and with much more accuracy.

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.

Parallax Advanced Research Receives Next Disbursement of $9.6M in Funding

Washington Patent of the Month - August 2021

Parallax Advanced Research has received $9.6 million in federal funding to help expand their Academic Partnership Engagement Experiment (APEX). This expansion will bring APEX out to West Virginia and the Appalachian region, from the southern tier of New York State to Georgia. This funding was approved in an effort to bring talent in these regions to the Department of the Air Force as they work to advance national defense.

This $9.6 million represents the second major disbursement from the original $49 million APEX Partnership Intermediary Agreement (PIA), which Parallax was selected to lead in 2019. APEX is trying to connect universities, businesses, and the government in these R&D efforts, highlighting the importance of collaboration.

Parallax’s expansion effort into the State of West Virginia will be led by U.S. Air Force Retired Colonel Sean Frisbee. Frisbee is president & CEO of the West Virginia University Alumni Association and will transition out of this role to take on the expansion effort in summer 2021. In addition to this expansion, APEX helps small businesses focused on relevant R&D through the SBIR and STTR application programs. They offer resources including national engagement, collaborative challenges, blue-sky events, webinars, education and training, process navigation consulting, team matchmaking, technology transition facilitation, and expanding the U.S. wide network of traditional and non-traditional defense contractors to develop and commercialize new dual-use products and services focusing particularly on small business.

Are you developing new software 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.

Georgia Tech and NREL Will Collaborate on Energy Research

The Georgia Institute of Technology and the Department of Energy’s National Renewable Energy Laboratory (NREL) have entered into an agreement with the intention of improving scientific output of both institutions. They intend to create a collaborative environment to better support projects undertaken and improve access to technology and equipment,

This collaboration has three main goals:

1. Solve Big Problems – through leveraging the integrated full weight of intellectual capabilities and infrastructure of both parties in a multi-disciplinary and institutional manner.

Sustain and Engage Human Capital – by exposing a pipeline of talent to problems or practical importance and complex nature early in their academic programs.

Accelerate Technology Adoption – by introducing new ideas, science, and technology into the industrial and federal marketplace of jointly developed intellectual property.

“We are excited about this MOU, which will facilitate expanded collaboration between NREL and Georgia Tech’s esteemed faculty and first-rate students,” said Peter Green, deputy laboratory director and science and technology officer at NREL. “Together we will leverage the significant intellectual, research, and infrastructure capabilities of both institutions to address some of the critical large-scale, complex research challenges facing industry during the energy transition.”

The agreement will span at least five years and was introduced as a result of the increasing complexity of energy related research.

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.

Study Ranks Performance of Each State’s Economy Over The Past Decade

The economy of the United States is the largest in the world by nominal gross domestic product (GDP) and the second-largest by purchasing power parity (PPP). During the past decade, in most of the US states, economy has improved considerably, but that is not to say every state’s economy is equally healthy. Some states are experiencing an economic boom, while others continue to contend with poor GDP growth, low per capita income, unemployment and poverty.

The Ohio Alliance for Innovation in Population Health conducted an analysis of the data collected by the Appalachian Regional Commission (ARC) for 2009 and 2019 and ranked the economic performance of all fifty states in the US. The results determined that the economies of the states such as New Hampshire, followed by North Dakota, turned out to be the healthiest over the past ten years, while the states such as Louisiana and Mississippi were regarded as the most economically distressed states. To be more precise, the most economically distressed states for 2019 were Georgia, Arkansas, South Carolina, Arizona, Kentucky, Alabama, West Virginia, New Mexico, Louisiana, and Mississippi. However, the results of the study should be interpreted with caution.

This is because, though ranked last and being labelled as the poorest state, Mississippi improved its economic distress index score of 153 in 2009 to 141.8 in 2019. The state witnessed an upsurge in nearly all income-related categories. But simultaneously, it also faced widespread weakness across the economy. Sectors shrinking included government, construction, entertainment, arts, agriculture, nondurable goods manufacturing and recreation. The state’s economic conditions weakened as compared to its growth in the past. The economy grew just 0.3% in 2017, compared to 2% growth in 2016. However this is expected to improve in 2018 and 2019.

It can be concluded that economic vitality can help communities remain competitive and adapt to the constantly changing world.