Industry – Page 37 – Swanson Reed | Specialist R&D Tax Advisors

New Mexico Supports R&D Through Science and Technology Grants

Five New Mexico companies are set to receive $25,000 each from the New Mexico Economic Development Department through their Science & Technology Business Start Up Grants. These companies were selected based on their high growth potential.

These grants are available for New Mexico-based companies that meet certain criteria including being for profit and employing fewer than 50 employees. They must be science and technology based in the areas of aerospace, biosciences, cybersecurity, intelligent manufacturing, and sustainable and green energy.

The five companies selected in this round were selected based on the provision of a unique product or service, a clear business proposition, and the demonstration of a scalable product or model that could provide an economic benefit to the state. These companies include:

Avisa Diagnostics USA
- Treatment of lung infections with rapid diagnostics to guide better clinical outcomes
EVUS
- Development of technology in support of water-based heating market and sustainable water treatment processes
iBeam Materials
- An intelligent manufacturing company working towards development of crystal-aligned coatings with ion-beam-assisted deposition
Osazda Energy
- Development of additives to help preserve solar panels to enhance sustainable energy possibilities
Pajarito Powder
- Manufacturing of advanced catalysts for PEM and alkaline fuel cells in electrolyzers

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.

Stratodynamics Shows Pomise in Unmanned Aerial Turbulence Detection

Delaware-based Stratodynamics Inc. has finished a successful series of test flights that launched from Spaceport America earlier this month. Stratodynamics provides high altitude flight services for use in remote earth observations or in-situ monitoring. These platforms and observations are made with unmanned vehicles.

These successful tests were completed with their HiDRON – a balloon-launched glider vehicle. The tests showed successful high-altitude flights and a return back to earth once released. Researchers used these tests to assess the functionality and performance of the wind probe and infrasonic microphone sensor. These components were licensed from NASA’s Langley Research Center and help detect air turbulence for aerial vehicles. The tests showed successful capture of velocity, direction, magnitude, and low-frequency sound waves.

Presently, commercial aviation relies on meteorology and pilot reporting to predict and communicate turbulence to other piloted aircrafts. Stratodynamics is hopeful their HiDRON could fill gaps in turbulence detection methods, and provide a method for unmanned aircrafts to detect and communicate this turbulence.

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.

BASF Committed to Hybrid Wheat

BASF Agricultural Solutions, who’s headquarters and innovation centers are based in New Jersey, have announced their new brand for hybrid wheat seeds – Ideltis. Ideltis signifies BASF’s commitment to transitioning wheat into long-term success with innovative hybridization.

While there already exist hybrids in a variety of crops, development and production of hybrid wheat seeds has been difficult and complex. Development of the technology that will support broad commercialization of hybrid wheat is just as crucial as the hybrid wheat itself. Ideltis has been working towards significantly increasing wheat yields. Success of these hybrids gives farmers new and promising seed choices that lead to more consistent quality and higher protein content.

At this point, they are hopeful that their hybrid wheat will be available by the middle of the decade. Their process to achieve this is based on primary R&D breeding stations and operations, a global trial network, and a team of experts focused solely on this task.

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.

ForeverWare moves their Stainless Cast Iron Metal into Commercial Availability

After 8 years of intensive R&D, Tennessee-based ForeverWare Inc. has announced the commercialization of their corrosion-proof metal cookware. This process will begin with the availability of a 9-inch breakfast skillet made from their corrosion-proof Stainless Cast IronTM.

The process began in 2013, as they worked to find a new metal to replace cast iron in the cookware industry. They were influenced by work done by the DOE energy labs on superalloys which were intended for use in nuclear reactors. The next eight years focused on translating this metal into affordable, non-corroding cast metal.

The metal they developed has the same cooking characteristics of cast iron pans while removing the need to oil-season. Oil seasoning protects traditional cast iron from rusting, but the Stainless Cast IronTM is rust-proof. This advancement means you can easily clean and store this pan without the concerns seen in cast iron pans.

“Our team has accomplished an amazing result — one that will have broad effects across the cookware market as people begin stopping their purchase of cast iron products and shifting to buying Stainless Cast Iron™ products from ForeverWare. Lots of people like cooking with cast iron. But, nobody likes having to deal with seasoning and caring for and repairing cast iron pans.” says Scot Childers, ForeverWare’s CEO. Foreverware is set to begin a kickstarter to move this innovation into the market.

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.

PowerTech Water has Successful Series B Funding

Kentucky-based startup PowerTech Water announced the close of their successful series B venture capital round led by HG Ventures. This funding will go towards meeting the rising demand for its sustainable industrial water treatment and expand operations in Lexington.

This water infrastructure company has developed innovative methods for heavy metal removal in wastewater and process water systems. These developments include their ElectraMet, which uses chemical-free carbon electrode technology to treat and purify industrial wastewater. This technology can reduce the labor-intensive, chemical-based water treatment systems which are known to produce massive quantities of waste. ElectraMet does not require chemicals or membranes and has a higher energy efficiency than traditional systems.

In May, PowerTech was awarded a Small Business Research and Development (SBIR) Phase I grant to focus on selective recovery of copper from industrial wastewater. Their systems are applicable across a variety of industries including mining and municipal water treatment. With this variety in use, PowerTech constantly works towards innovating selective treatment capabilities to better suit individual needs.

“We are excited to support Dr. Lippert and his team as they scale their business and establish themselves as a market leader in on-site water treatment”, said Ginger Rothrock of HG Ventures. “This team and technology solution are positioned to deliver automation, sustainability, and efficiency to a sector where innovation has lagged.”

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.

XL Fleet Opens Fleet Electrification Technology Center

XL Fleet has announced the opening of a brand new 25,000 sq ft R&D center in Wixom, Michigan as they work to enhance their sustainable technologies for the commercial fleet industry.

Boston-based XL Fleet began in 2009 when the green transportation market was in its infancy. They started with a mission to provide simple, sustainable electrification solutions to the commercial fleet market – and this mission continues today.

The opening of this new Fleet Electrification Technology Center provides XL Fleet with the ability to expand their footprint and capacity, increasing their talent pool and technology. The center will include a component test lab with a vehicle chassis dynamometer, electronics lab, and battery testing equipment.

Alongside the creation of 50 high-skill engineering positions in Michigan, they are hoping the facility will provide the potential to further their path breaking innovations in their home state.

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.

Goodness Growth to Enter Psychedelic Research

Following success in cannabis research, Minnesota-based Goodness Growth Inc. has announced their plans to enter the psychedelics world. They intend to initiate clinical research into plant-based psychedelic medicine. This research will be conducted by their subsidiary, Resurgent Biosciences.

Resurgent Biosciences is a non-plant touching entity, which focuses on developing naturally-derived medicines, therapies, products, and technologies for use in health, wellness, and recreation. Psychedelics have been an increasingly popular topic of research, as their benefits are being uncovered in areas like mental health and anxiety treatment. Recent studies have been published highlighting the efficacy of psilocybin as a treatment for depression.

“I wanted to wait for a kind of threshold of evidence to make sure this was a real opportunity, and that it would be real medicine for people ” said Dr. Kyle Kingsley, CEO of Goodness Growth. “It’s gone beyond that. It’s really sort of exceeded my expectations as far as the therapeutic potential of psychedelics.”

Following these research advancements, Goodness Growth decided to join the game and begin contributing to this clinical research. They intend to partner with other like-minded businesses to begin expanding this research body before moving into commercialization. They believe psychedelics will significantly alter the landscape for treatment of psychiatric disorders in the same way cannabis altered treatment of chronic pain.

Are you developing new technology for a new 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.

Local Medicinal Manufacturing can Speed Up Clinical Trials

Pennsylvania Patent of the Month - May 2021

Snapdragon Chemistry is a leader in flow chemistry and process development. They work to find solutions to harness significant advantages of continuous flow technology and autonomous reaction platforms. These solutions can be used to enhance the discovery, development and manufacturing value chain.

This past year showed many weaknesses in the manufacturing of medicines for clinical trials. Many of these medicines rely on international partners to meet certain steps of the pipeline. Snapdragon Chemistry saw these limitations and decided it’s time to revamp the processes involved. They have since been developing methods for local manufacturing. This solution brings reliability and resilience to the industry as well as reduces the time needed to bring new medicine to patients.

Their focus is on developing the technologies needed to speed up the clinical trials processes through local manufacturing. In order to achieve this, they have begun development of a 51,000 sq ft facility in Massachusetts. This facility will offer space to produce specialty chemicals for use in medicinal formulations in house. With the use of their automated technologies, Snapdragon believes their innovation will only pick up speed.

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.

AquaLith to Bring Novel Lithium Batteries to Market

Louisiana Patent of the Month - May 2021

AquaLith Advanced Materials is working to bring new lithium battery technology to market. These batteries were developed at the University of Maryland for everyday life technology such as phones, drones, and cars.

These lithium batteries offer a more sustainable approach to powering the eco-conscious devices and vehicles currently showing promise for wide use. They are built to withstand negative-50 degree temperatures. This feat was achieved using novel battery chemistries with water electrolytes. This novel design also offers a less flammable and more environmentally friendly approach.

As the electric vehicle industry continues to grow, experts are predicting a shortage of batteries. This shortage will be in part due to limited supplies of transition metals (eg. cobalt) used in traditional batteries. AquaLith’s novel batteries will offer an opportunity to overcome this shortage, thanks to the unique compositions. They are currently working on scaling production and developing the necessary processes to meet demand. They are also looking at building a new facility in Maryland to support their R&D and manufacturing.

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.

Neuroscience Cloud Platform Drives Scientific Collaboration

Brainlife.io – a free cloud platform for secure neuroscience data analysis – has initiated new studies on childhood brain development. With their proprietary software, scientists are able to perform cutting-edge analyses and integrate their neurophysiological data with MRI-based data. Brainlife is working to bring a new suite of tools to allow integration of other data such as EEG, MEG, and MRI results.

Neuroscientists, like Franco Pestilli, are interested in how the biological computations of the brain change over longer periods. In one example, they looked at how the brain changes as we lose our vision and found there is a change in the brain’s white matter. This type of research requires the complex processing and analysis of massive loads of data. Cloud technologies have been developed to automate or at least ease this analysis process.

Pestilli received a grant from the BRAIN initiative back in 2017 to launch Brainlife.io. Brainlife offers a computing platform that can support reproducible research on the cloud. Which means that scientists worldwide can access, upload, analyze, and share the results of their data. The platform services a range of scientists, from psychologists to neuroscientists, and has over 600 data processing tools. Not only can it help to process data, but it tracks every detail that happens to the data helping to track overarching trends. As more scientists join the platform, the platform gains expertise and development mechanisms. It’s these collaborations that have brought about the integration of MRI-based data and the proper analyses needed to connect these across to neurophysiological data.

In addition to expanding the integration of EEG, MEG, and MRI results, Brainlife also aims to create a national infrastructure with a registry for permanent data and analyses records. As the platform grows, so does the need for integration of hardware and software to support the tremendous database

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.