Is autonomous flying the next big thing?

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Near Earth Autonomy (NEA) develops technology for a large variety of unmanned flying vehicles from drones to flying cars to commercial planes. Boeing has announced a significant investment into NEA in hope to make autonomous flying the ‘next big thing’.

The investment is in fact part of a broader effort in creating and promoting an industry-wide standard for autonomous flying. Boeing has solidified autonomous flying into its ideal future targets with three specific goals, which are to: Fly safely, land safely and navigate without GPS.

The key factor which makes a vehicle autonomous is its ability to make decisions. It is no secret that commercial planes already have the ability to fly on autopilot, however they still rely on GPS to orient themselves and are unable to analyse their surroundings and adjust to circumstances without the help of a pilot.

NEA have been pursuing technology to aid autonomous vehicles in this decision making process since 2011 and their partnership with Boeing will continue to center around tools to help vehicles synthesize data from their surroundings and output their own plan.

The biggest task ahead for Boeing and NEA in implementing their innovative technologies actually has little to do with the development and is in fact being able to convince the U.S. government that their vision is worth a chance. There the agenda of the companies will be proving to the Federal Aviation Administration (FAA) that their vehicles can be trusted to fly safely.

Boeing is continuing to make significant investments into its vision and goal to making autonomous flying the way of the future; however the question remains whether it can get others on board.

Are you engaging in R&D to build innovative technology? You could be eligible for the R&D Tax Credit and can get up to 14% on your R&D expenses, even if your experiments were not successful. To find out more, please contact a Swanson Reed R&D Specialist today.

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

Significant R&D scheme attracting scientists from around the world

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Almost 260 scientists from around the world have applied for the New Delhi Visiting Advanced Joint Research (VAJRA) R&D scheme, which attracts the top international talent in the country’s research and development ecosystem

Screening of applicants for this exciting opportunity will continue throughout October and 70 applicants will be shortlisted and begin work in December.

Being selected for the VAJRA Faculty scheme is a significant opportunity and achievement. Scientists will be provided with a lump-sum amount of USD 15,000 in the first month of residency and USD 10,000 per month afterwards.

Eventually the plan is for the department of Science and Technology to select 1,000 scientists every year for the pilot project. This will aim to significantly increase expertise in the areas which India currently lacks in such as, renewable energy and water.

The following program will greatly benefit the advancement of research and R&D expertise in India, which will ultimately lead to further opportunities within the sector in the years to come.

India has seen a surge in global R&D, which helps nurture the country’s innovation ecosystem. If your company is engaging in research activities, it may be eligible for an R&D Tax Credit. An R&D Tax Credit reduces the cost and risk of undertaking R&D activities for your business. The benefit helps companies doing eligible work to create new or improved products, processes and services by reducing their tax. To find out if your company could be eligible, complete Swanson Reed’s quick and simple contact form.

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

Ericsson chooses Austin as site of new design center for city’s “bustling tech and start up scene”

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When deciding where to open its next 5G design center, the Swedish telecommunications juggernaut Ericsson knew that Austin was the right choice.

With its highly skilled talent and growing reputation as a leader in the start-up tech industry, Austin has attracted many processor manufacturing companies and now Ericsson is joining the neighborhood. Many of Ericsson’s partners and suppliers are also based to Austin, making the city an obvious choice instead of California’s Silicon Valley. In an interview with Fierce Wireless, Sinisa Krajnovic, Head of Development Unit Networks at Ericsson, said, “We did analysis across the whole world. We had considered several places seriously and our choice was Austin for this.” Similarly, “Austin is one of the fastest-growing cities in the US with a bustling tech and start-up scene,” Niklas Heuveldop, Head of Ericsson North America, told Business Insider. “We want to capture the great talent on-hand there, enabling us to increase digital ASIC capabilities even further and be close to some of our key global customers.”

Ericsson’s new design center in Austin will focus on testing and developing the Application Specific Integrated Circuit (ASIC), a microelectronics processor. Intended for cell phones and mobile devices, these are 100 times faster and more cost and power efficient than the average personal computer processor. Located in Austin’s tech neighborhood, the new design center will collaborate with nearby silicon manufacturing plants to design solutions and prepare for the commercialization of the 5G network.  Joining the company’s teams in Sweden and China, the Austin design center is part of Ericsson’s global strategy to develop “faster, better, and greener 5G products to bring into the Ericsson portfolio by 2019,” said Krajnovic. The 5G design center in Austin is expected to be up and running by the end of this year. It is currently recruiting designers and developers.

Ericsson’s expenses from R&D experiments conducted in Austin are eligible for the R&D Tax Credit and the company could receive up to 14% in return. If you are also conducting R&D testing to develop and manufacture processors, you could be eligible for the R&D Tax Credit. Contact a Swanson Reed R&D Specialist today.

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

 

 

Security in a Heartbeat: Texas Tech Researcher develops “cardiac password”

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From passwords, thumbprints, retina scans, to facial recognition, there’s no shortage of identity authentication features for phones and computers. But Changzhi Li, a researcher from Texas Tech University, envisions an even more intimate security method: a “cardiac password” which can identify users by their heart waves.

Existing security measures are vulnerable to cyber-attacks. Hackers have consistently proven their ability to hack passwords and use fake thumbprints to gain unauthorized access and penetrate existing security defenses. Countermeasures for increased cyber security, however, are often invasive and inconvenient, such as requiring users to continuously re-log in or re-scan their thumbprints every few minutes. Instead, the project, developed by Li under Wenyao Xu from the University of Buffalo, seeks to create a method that is both secure and user-convenient.

Theoretically, the “cardiac password” would work similar to a police radar that measures the speed of a car but instead measures the speed of a heartbeat and how that movement changes over time. Xu said, “No two people with identical hearts have ever been found.” Building on the assumption that each person has his or her own unique heart and waveform, the “cardiac password” involves releasing a radio frequency signal to measure and authenticate the user’s signature heartbeat. When the user walks away from the computer or if another person attempts to log in, the device would automatically lock down.

The “cardiac password” would not be invasive since it would continuously authenticate the user without the user’s active participation. Li explained, “This system does not ask people questions or require us to do anything like type in a password or do a finger scan or face scan. You just do whatever you want to inside your office, and the system sends out a signal to check out your cardiac waveform without letting you know it is doing it.” The signals would also be less powerful than Wi-Fi and the radiation from cellphones and therefore, would not pose a severe health concern.

This project is still in its development stages. The team is currently testing different sensitivity devices and hardware that could be used for the “cardiac password.” From there, Li would better assess the feasibility of the project. He also recognizes that the project would need to account for signal changes in the user’s heartbeat, such as aging or pacemakers. Li and Xu hope the “cardiac password” would one day be used for computers, cell phones, and even in airport identification.

Are you also engaging in R&D experiments to develop new cyber-security measures? Did you know that If you conduct your R&D projects in universities, you could receive up to an additional 20% credit for your expenses? To find out more, please contact a Swanson Reed R&D Specialist today.

 

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

Digital R&D facility in Chicago will create over 100 new tech opportunities

Digital R&D facility in Chicago will create over 100 new tech opportunities

An exciting time lies ahead for research and development in Chicago! Siemens have officially announced their plans for a digital R&D hub due to open in October 2017.

The facility will generate over 100 new tech jobs in the city which will bring the Siemens Chicago employee count up to 3,300. New jobs will be created in the fields of software development, software architecture, product testing, project leadership, application engineering, configuration management, team leadership and technical writing. It is anticipated that the center will open in October 2017 and will have $20 million per year invested into it.

It is no doubt that establishing this R&D center in Chicago is a significant opportunity for Siemens to leverage the extremely talented tech community in the city.

The center will build applications for Siemens Control Products and Systems (CPS) technology. The CPS Software House will take the lead on global R&D efforts for the company’s design CC platform, which makes it easier to manage the functions of large buildings. In addition the facility will also work to add more cloud functionality to the System One smart home application.

The logical next step and a critical component in the Siemens digitalization strategy is establishing the CPS Software House, which continues driving towards a future that includes autonomous buildings. The goal for Siemens as a company is to build new capabilities, bring them to customers sooner and work with customers to quickly obtain feedback.

The technology industry is growing at an aggressive rate and like Siemens, many are investing millions in R&D to stay ahead of the technology curve.  An R&D Tax Credit can support businesses in any industry to further develop their research.  If you would like to find out more about R&D tax and whether your company may qualify for an R&D Tax Credit, contact a Swanson Reed R&D specialist today.

Research and Development Tax Credit Opportunity- 3D Printing With Foam

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3D printers have come a long way and offer benefits that traditional manufacturers can’t. Companies have been exploring the potential of 3D printers, leading to research and development (R&D) tax credit opportunities.

3D printing gives industries the ability to manufacture custom products at a low cost. Material scientists at the Lawrence Livermore National Laboratory have researched 3D printing with foam materials, finding printed products work better than mass manufactured ones in terms of durability and performance. R&D tax credits are available to all industries investigating new technologies, such as 3D printed products.  For example automotive companies using 3D printed foam to create prototypes would be eligible to claim.

NASA has expressed an interest in the use of 3D printed foam, offering $100,00 to the University of West Virginia to research the material. The R&D Tax Credit is even more beneficial in this case, federal returns allow an additional 20% credit when research and development is conducted through a university.

If your company is experimenting with new products or technologies please contact a Swanson Reed R&D Tax Advisor today, so we can help maximize your claim.

3D Printing Could Transform the Eyewear Industry

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Need a new pair of glasses? 3D printed glasses are a new phenomenon, which have many advantages over traditional glasses. For starters, they will allow eyewear companies to improve their business performance while decreasing manufacturing costs and waste.

As glasses are worn on the face and are seen instantly, customization is important for wearers. 3D printers can print many versions and designs without having to consider production volume-to-cost ratios. Printing costs for one pair of glasses are the same per pair as producing thousands. Therefore, each pair can be unique and additionally, the availability of a specific frame is increased.

Unlike expensive custom glasses, 3D printed eyewear does not require a mold and any errors can be easily corrected. The glasses are completely bespoke using a one-off production process. Customers can choose the style, colour and size. Production methods like laser sintering or lost wax metal casting ensure optimal finish. They can be precisely fitted to the wearer’s face in terms of size and dimensions, so it is no longer a one-size-fits-all approach. Furthermore, glasses can be printed on-site, rather than having to import from China, eliminating transportation costs and significantly reducing waiting times.

In terms of vision, traditional glasses require the lenses to be placed into the chosen frame, which can result in suboptimal lens performance from its impact on lens alignment. 3D printed glasses build the frame around the lenses, providing the best possible visual performance.

3D printing has the potential to completely transform the eyewear business. It has happened in other industries; the manufacture of 3D-printed hearing aids grew from 20 percent to almost 100 percent within two years.

Currently, drawbacks include strength and variety but these are continually being improved. Companies who are developing 3D printed eyewear can now apply for research and development tax credits. Qualified costs may include wages, supplies, research, testing and expenditure incurred for patent development. To check your eligibility for R&D tax credits, use our online eligibility test. Alternatively, contact us directly for further information.

Coca-Cola is outsourcing its R&D to the public

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As consumers are constantly pushing for cleaner and healthier products, the beverage giant Coca-Cola is ramping up its efforts to uncover new non-sugar sweeteners for its portfolio of beverages and snacks. However Coca-Cola is taking a slightly different R&D approach with this project. The company has decided to outsource its R&D to the public to come up with a naturally sourced, low-calorie sugar alternative that mimics the taste of sugar.

Coca-cola has launched two sweetener campaigns on the HeroX platform, the first gives five individuals the chance to win $100,000 in prize money and the second is a grand prize of $1 million.

The first campaign is the ‘sweet story challenge’, which asks consumers around the world to submit written anecdotes and videos about their favorite methods of naturally sweetening foods and beverages in their cultures, communities or families.

The second challenge calls on researchers and scientists to find sugar alternatives that create the taste sensation of sugar when used in food and beverage. This challenge is the largest and offers the grand prize of $1 million which will be announced in October 2018.

The Chief Innovation Officer at Coca-cola believes that amazing ideas can come from anywhere and that it is vital to always search for newer and better ingredients. The two challenges are very much rooted in the company’s desire to make the drinks that consumers want to drink, and the company’s willingness to find sugar alternatives that help it deliver the great taste people love but in a health conscious manner.

Coca-Cola isn’t proving the be the only company to commit to reducing the amount of sugar in drinks, Dr Pepper Snapple and PepsiCo have also made similar pledges and companies such as KIND Healthy Snacks and Panera Bread have also been adamant about providing consumers with healthier options.

This inclusion of the public to finding solutions serves not only as a way to source new ideas but also to strengthen the brand and retain consumer trust.

Companies creating new knowledge on a global scale can apply for a federal or state R&D Tax Credit. To find out more about R&D and to assess your company’s eligibility, contact a Swanson Reed R&D Tax Advisor today. We look forward to speaking with you and guiding you through the R&D process.

R&D Tax Credit for Software Companies

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Research and development (R&D) tax credits can make a significant difference to a company’s tax return, with the US government providing billions of dollars worth of credits annually. Despite the financial benefits, many software companies are not taking advantage of the credit, as they believe that their work does not qualify.

While this may have been the case in the past, changes to the PATH Act of 2015 expanded eligibility to include small and medium sized businesses who may not have previously qualified, allowing them to offset their regular and alternative minimum tax liabilities and use the credit against payroll taxes. Prior to these changes, many tech start-ups could not claim the credit as they were not yet profitable. The Startup Provision amendment acknowledged the fact that start-ups are some of the country’s most innovative companies. Further changes to the PATH Act also made the credit permanent, so that innovative companies could continue to invest in R&D with confidence.

Another incorrect assumption is that the software needs to be developed for commercial use. The R&D tax credit can be applicable to the development of improved internal business systems. Any applied science and technology that is used to solve a practical business problem can be considered qualified R&D. This means that the software should be new to the business, but does not need to be groundbreaking. Improvements to a program, new iterations, coding solutions and developing algorithms can be considered eligible activities. The work does however need to differ from existing software and there needs to be substantial financial risk if the project proves to be unsuccessful.

Finally, it is also possible to claim for paid work. For government contracts, eligibility will depend on the terms of the contract. For instance, the contract must state that the work will only be paid for if successful, otherwise there is no financial risk to the company for the research.

It is a good idea to consult a tax advisor to determine your eligibility. Contacting Swanson Reed R&D Tax Advisors for a free assessment is a fantastic first step. They will guide you through the process, taking away any uncertainty or stress in claiming the R&D tax credit.

California company spends US$24 Million on R&D

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SunPower is a US high-efficiency PV cell and module producer. The company has recently invested approximately US$25 million over the past 12-months towards a research and development and pilot line facility located at its headquarters in San Jose, California.

The facility includes several high-volume production-sized manufacturing tools and automation, and specialized testing equipment, designed to support its next generation of high efficiency N-type monocrystalline IBC (Interdigitated Back Contact) solar cells and modules, which are being designed with greater emphasis on lower cost manufacturing.

SunPower places significant emphasis on producing the world’s best solar panels with technology developed and tested in Silicon Valley. In addition to this, SunPower also facilitates significant job creation, capital investment opportunities from equipment manufacturers and deals, and more affordable solar energy options for homes and businesses worldwide.

SunPower had the second highest expenditure from a basket of module manufacturers analysed in 2016, investing US$116.1 million, which is up from $99 million in 2015. Although the company’s R&D staffing levels did slightly fall from 449 in 2015 to 406 in 2016, the job opportunities to be created from the new R&D facility will significantly increase this number once again.

An R&D Tax credit can significantly support a business to further develop its research. If you would like to find out more about R&D tax and whether your company may qualify for an R&D tax credit, contact a Swanson Reed R&D tax specialist today, we look forward to speaking with you.