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Startup WV Launched by West Virginia University

West Virginia University’s Startup WV wants to align resources available at the university and encourage innovation in the state. The goal is to create new research and development opportunities, new jobs, and new solutions. Inspired by Virgin Hyperloop, an R&D startup, which chose West Virginia for its new certification facility site, WVU decided to try and expand R&D in the state.

Their mission involves responding to the economic needs of the state, driving momentum for creating intellectual properties and startups, and working with small businesses. Universities are uniquely positioned with resources and talent to help advance us into a technological society. Innovation is everywhere and with the help of Startup WV, West Virginia University hopes to bring these ideas to light.

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.

Mullen Technologies to Open Manufacturing Facilities for Electric Vehicles in Mississippi

Mullen Technologies, Inc., an electric vehicle startup, announces plans to expand into Mississippi. They intend to open a manufacturing facility with 50 new employees in the first year, and a projected increase to over 200 employees by the third year. They are also set to open a production facility in Memphis, TN.

Mullen is working to expand the options for green vehicles, inspired by their southern Californian roots. They are currently working with several global OEM partners, hoping to develop EVs that can seamlessly integrate into consumer’s lives. They have developed their unique SUV crossover EV engine – the Ottava 2p⁶. They are hoping that this step forward with production and manufacturing will help propel them into a state where they can design more EVs and help to make EVs a more common option across America.

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.

Arcimoto Acquires TMW Tilting Technology

Arcimoto has acquired Tilting Motor Works (TMW), bringing their 3-wheel conversion technology into their products aimed at the micro mobility industry. Arcimoto is most well known for their three-wheeled electric Fun Utility Vehicle (FUV). They want to catalyze the shift to a sustainable transportation system by moving away from oversized, overpriced, polluting vehicles. They developed the FUV as a right-sized, ultra-efficient electric vehicle as an alternative.

TMW developed their TRiO three-wheel conversion kits, which has specialized tilting technology. This tilting technology grabbed Arcimoto’s attention, by providing a unique riding experience. The tech allows a rider to lean naturally into turns, providing a two-wheel motorcycle riding experience on a three-wheeler. Additional stability also means riders won’t need to use their feet for balance at red lights.

Arcimoto has expanded to delivery and emergency/first responder models of the FUV as well as an open-top version known as the FUV Roadster. While Arcimoto has been steadily expanding, they hope this additional technology will inspire their R&D and expand their micromobility product range.

Are you developing new products? 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.