Industry – Page 19 – Swanson Reed | Specialist R&D Tax Advisors

BC3 Technologies Secures FDA Clearance and Launches Sprayable Bandage Product

BC3 Technologies, Inc. received FDA clearance for their SEAL Hemostatic Wound Spray in February, and has since announced their plans to launch their product.

The privately held medical device company operates with the mission to change the way health care professionals and first responders manage life-threatening arterial bleeding. Each year, 40 percent of critically wounded people with arterial bleeding die in transit to the hospital. Pressure and bandages can only do so much to help when managing a bleeding wound.

The sprayable bandage is designed with an aerosol can using chitosan to speed up blood clotting and seal up a wound. The spray forms a strong barrier over the wound, offering a painless method of halting the bleeding. The product was formulated for emergency situations, surgical environments, and for the battlefield where response time to hemorrhaging is the critical difference between life and death.

The company has performed studies, finding their formulation performed better than other chitosan-based products designed to reduce hemorrhage. Use of SEAL resulted in 50 percent less blood loss than other chitosan-based dressings or granules. Its proprietary aerosol delivery system – unique in the class – helps to stop the bleeding rapidly and effectively, and it reduces the risk of wound infections by preventing the growth of harmful bacteria. This novel spray design also allows the product to be applied directly to complex 3D wound architectures and forced into openings like gunshot wounds. This makes it more effective in reaching all aspects of the wound.

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.

Hohonu Inc. Secures $1.8M in Pre-Seed Funding Round

Hohonu, Inc., an award winning Hawaiʻi-based climate tech startup, announced it has completed a $1.8 million pre-seed funding round to scale its efforts to provide actionable data and insights to mitigate coastal flooding both nationally and internationally including Asia and the Pacific.

The company is working to develop reliable technology and systems to acquire trustworthy and actionable data at scale. This data can then be used to help communities adapt to climate change. Through constant and extensive R&D, Hohonu uses the latest technologies in hardware, software, and data science to collect and deliver water level data. This precision monitoring and data analytics can forecast flooding, helping communities prepare before the water hits.

Since their inception, the company has deployed their real-time and low-cost technology in 95 locations across the U.S., capturing over 900,000 hours of water level data across 12 coastal states. Its existing customers include sub-agencies of the National Oceanic and Atmospheric Administration (NOAA), Environmental Consulting Firms, Coastal Managers, and Environmental NGOs.

The $1.8 million pre-seed round was filled out by climate and ocean-focused investors such as Builder’s Vision, Elemental Excelerator, TELUS Pollinator Fund for Good, and Sustainable Ocean Alliance. Also participating were Susquehanna Foundation, Blue Startups, Echo River Capital, and angel investors such as Reece Pacheco and Justin Stevens of Overlap Holdings.

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.

EnerVenue Announces Nickel-Hydrogen Battery Gigafactory

EnerVenue, Inc., a nickel-hydrogen battery development company, announced that it will open a one million square foot gigafactory on a 73-acre site in Shelby County, Kentucky. With generous incentives from Shelby County and the state of Kentucky, the facility will aid the company as they design, manufacture and test its nickel-hydrogen Energy Storage Vessels.

The first phase of the project will provide 450 full-time jobs and is aiming for 1 GWh of annual production. EnerVenue says it expects to invest in excess of $1 billion to expand to more than 20 GWh per year across its domestic manufacturing sites in subsequent phases.

The technology created by EnerVenue is ideally suited for grid-scale, commercial, and residential applications. First developed in the 1980s, nickel-hydrogen technology reliably served a range of aerospace applications including the Mars Rover, Hubble Telescope, and the International Space Station. EnerVenue has built on this initial technology to create commercial deployments while other non-lithium battery storage technologies are still waiting for a lab breakthrough. EnerVenue is currently producing Energy Storage Vessels in the heart of Silicon Valley and will achieve volume production in 2024 at a U.S.-based location.

The company claims that its batteries have a more than 30-year lifespan, can go through more than 30,000 cycles without experiencing degradation and offer exceptional overcharge, over-discharge, and deep-cycle capabilities.

Shelby County offered EnerVenue a generous 25-year incentive package that includes property and wage tax rebates totaling $20 million. The state of Kentucky also offered EnerVenue more than $10.3 million in tax incentives for the first phase of the company’s ramp up. The tax rebates are intended to support growth in the county and incentivize future development as the gigafactory expands and adds additional jobs.

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.

Dopex’s Innovative Vape Hardware Excels at Lucky Leaf Expo

Dopex, specialists in the vape R&D industry, recently exhibited their innovative products at Lucky Leaf’s Cannabis expo. This show stopping exhibit comes not long after the company joined the National Cannabis Industry Association (NCIA), the oldest, largest, and most inclusive trade association representing legal cannabis businesses.

Dopex, specializes in research & development of leading vaporization technology and heating elements. Their inspiration is to bring high quality professional vaporization equipment to the medical and wellness industry.

They used the exhibit as a chance to display their latest innovations – the Haze and Giga under the Delta8Xcel™ series. Both products are equipped with a powerful 400mAh high-capacity battery that ensures an enduring vaping experience, providing users with longer-lasting sessions and greater satisfaction. To guarantee the lasting taste, both products boast a large diameter black ceramic core. Additionally, the hefty 4-5ml e-liquid super large cup capacity meets the user’s long-term smoking needs.

The cannabis convention and expo in Kansas City was a resounding success, and Dopex proved to be one of the standout exhibitors. Moving forward, the industry can expect continued excellence from Dopex as it remains dedicated to providing superior solutions for delta-8 consumers.

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.

Blue Agilis Corp Closes Successful Seed Funding Round

Blue Agilis Corporation has announced the close of their successful seed funding round with a $42.5 million post-investment valuation. The funding will enable the company to aggressively pursue growth opportunities and advance AI and machine learning capabilities within their Blue Agilis Platform.

The female-founded healthcare tech company has a team made up of physician-scientists, clinicians, population health experts, and technologists who are all dedicated to the future of healthcare. This expertise, along with the co-founder’s experience developing the Agile Transformation framework, has contributed to the company’s ability to provide insight into practices’ value-based care maturity levels, surface high-value opportunities, and leverage practice pattern data to create practice-specific interventions.

Leveraging AI prompts, the platform guides practices through the best course of action needed to accelerate improvements in quality, cost, health equity, and patient experience. The company unveiled their Beta Program in September, unlocking capabilities for rapid product iterations. The latest funding round is both a vote of confidence in the company and a commitment to the continued research and development.

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.

St. Louis’ Startup, Eiwa, Closed a Successful Series A Funding

Eiwa, a St. Louis-based AgTech startup, has closed on a Series A funding round led by Serra Ventures. While the company did not disclose the amount raised in the funding round, a regulatory document it filed March 6 with the U.S. Securities and Exchange Commission showed the company has raised $1.6 million in equity financing.

Eiwa is working to streamline and improve the agricultural industry via digitization. Following the initial process of meeting and conversing with farmers across the globe, the company began developing a platform and algorithms to improve data acquisition, analytics, and visualization for seed breeders. Following this first push, the company has made an impressive mark, managing over 70% of all soybean breeding plots in the 3 main geographies: Argentina, Brazil, and the USA.

The company then expanded their expertise, bringing in functionalities which targeted Breeding, Crop Protection, Crop Nutrition, Marketing, and Sales and launched their proprietary solution: Eiwa Vault. This platform combines technology, images and data, enabling field information and data knowledge management in a simple and reliable framework focused on faster product development cycles and accelerated market deployment of Farm Inputs.

This commitment to innovation continues to drive the company. The latest round of funding will be directed towards funding both continued development and scaling the product on the market.

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.

Togal.AI Raises $5M in pre-Series A Funding Round

Miami, Florida-based software firm Togal.AI announced that it had raised $5 million in a pre-Series A SAFE round with a $50 million valuation cap, according to a March 21 press release shared with Construction Dive. The round was led by Florida Funders,a Tampa-based venture capital firm, and a roster of both new and existing investors including Meta and Goldman Sachs.

Togal.AI is developing an advanced pre-construction technology using deep machine learning to help contractors with the bidding process. This technology automatically detects, measures, compares, and labels project spaces and features on architectural drawings. Their pilot runs have shown the system can speed up project takeoff by 80% and analyze floor plans with 98% accuracy.

By expediting the process of submitting bids, without compromising the quality of the bids, a company can submit more bids. More bids increases the probability of winning more bids.

Togal.AI was founded by Patrick Murphy, the firm’s CEO, who represented Florida’s 18th district in Congress from 2013 to 2017 and is also CEO of Miami-based Coastal Construction, a large general contractor in Florida and the Southeast. With the experience running Coastal Construction, Murphy is intimately familiar with the bidding process.

Future developments will integrate a GPT, or generative AI, search feature to allow users to search for words, objects, tags, and symbols within a set of plans, spec books, or related documents.

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.

Delaware Startup SkipQ Launches $400k Funding Roud

SkipQ has launched a $400,000 funding round in a bid to develop a global marketplace for airport retailers. The funding will contribute to scaling the growth of the business as well as development of the SkipQ platform.

The company is bringing AI technology to the travel retail industry to eliminate the queue. Travelers will be able to enjoy shopping before every trip at every airport, without the nuisance of a queue.

SkipQ uses AI technology and data driven technology to provide its retail partners with real time sales forecasts and dynamic pricing information. This provides a direct link between airport retailers and service providers, with airline passengers through the app. The retailers can use the app to sell their products regardless of where they are flying from or traveling to.

This technology aims to solve the pain points experienced by travelers trying to shop at airports. Studies have shown that less than 20% of passengers who travel by air spend money at airports. These studies also show that it is likely limited by the poor shopping experience created by limited time, long queues, and high prices.

The use of predictive analytics can let retailers know when a consumer is willing to make the jump and click “buy”. This data then informs key sales and pricing information, from optimal selling times to required inventory levels.

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.

Bright Feeds Converts Food Waste to Nutritional Animal Feed

Bright Feeds has built a high-tech facility to turn commercial food waste into meal for animal feed.

40% of the current food supply in the U.S. is wasted, equating to $ 161 billion in economic cost
95% of unused food ends up in landfills or incinerators
10% of greenhouse gasses in our atmosphere originate from methane produced by food in landfills

These stats, and their horrifying implications, inspired Bright Feeds to jump into action. Their innovative food waste recycling solution, when at capacity, is equivalent to removing 33,700 cars off the road every year.

Founded just two years ago, the company has made incredible strides in their bid to reduce our environmental impact. The new high-tech processing facility uses a series of sensors and computer algorithms to turn various combinations of commercial food processing waste into a uniform meal for animal feed. The sensors measure everything from protein and fiber to ash content. An algorithm-driven software solution then controls the blending and mixing processes to create a consistent feed with consistent nutritional value.

This proprietary technology can accept a wider variety of food waste than other food recycling alternatives which are limited to dry, grain-based bakery products. Bright Feeds can accept vegetables, fruit, and other wet waste.

This feed has already been distributed to a first batch of customers whose feedback suggests the waste-based meal runs on the order of 20% cheaper than conventional feed ingredients like corn and soybeans.

This first high-tech processing plant opened roughly 7 months ago, but with the incredible growth of the company, Bright Feeds is already looking to expand further. They are now looking to build a second processing plant, one located nearer to sources of commercial food waste and potential feed mills.

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.

Sense Neuro Diagnostics Joins MedTech Accelerator Third Cohort

The Mayo Clinic and ASU MedTech Accelerator, a flagship program of the Mayo Clinic and ASU Alliance for Health Care, launched their third cohort on March 28, 2022. Ohio’s Sense Neuro Diagnostics, has been selected as one of the eight participants.

The accelerator provides emerging companies with a multi-day immersive curriculum in health care entrepreneurship including: lectures and workshops with world-class scientific and engineering experts; resources to navigate regulatory pathways; and tools for product commercialization and customer acquisition. Additionally, participants attend mentoring, business development, and networking events.

Sense Neuro is developing non-invasive technology enabling rapid, comprehensive detection of stroke subtype + TBI, and continuous brain injury monitoring.

There is no accurate, objective way to detect stroke subtype or brain hemorrhage in a field environment or to monitor ongoing brain injury continuously, non-invasively and in real time. Without this real-time detection, patients must be transported to the closest equipped care facility for treatment, wasting the precious resource of time.

Sense Neuro has worked tirelessly to develop non-invasive brain scanners that can monitor this neurological status in real time. In fact, the system can scan the entire cranial vault in just 2.5 seconds using nine antennas which alternate between transmitting and receiving a safe, low-power radio frequency pulse across the brain. Healthy brain tissues have unique electrical properties that alter the RF wave as it passes through the tissue. Similarly, hemorrhages and ischemic tissue cause distinctive changes to the RF signal.

The company currently has three product pipelines. NeuSTAT, for continuous hospital monitoring, is available for investigational use. NeuroHawk Military and NeuroHawk ED/EMS are both still in development, striving to achieve a product for military use in the field and for rapid triage and assessment by paramedics. These development efforts will be aided by the support offered with the MedTech Accelerator.

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.