There are many amazing patent grants for innovative technological research projects that you can apply for right now. The Canadian government believes in the overall advancement of scientific knowledge and research projects, offering grants such as the SR&ED to fund them. At Innotek, we have the right R&D consultants to get you approved for these great patent grants.
We have some of the most qualified R&D tax consultants based in BC who want to help businesses like yours secure government funding. We provide detailed consultation on SR&ED eligibility and information on patent grants you can pursue for your business or project. We will help make the application process easier for you and go over what types of projects qualify.
To secure an appointment, feel free to call us now at (604)-259-9937. In the meantime, here are some of the ways you can secure grants such as the SR&ED fund and why Innotek is your best bet to getting you approved.
What is the SR&ED Fund and How Can I Apply?
SR&ED stands for Scientific Research and Experimental Development and is a government tax incentive fund that encourages business to invest in new scientific research and efforts in technology. According to the Canada Revenue Agency (CRA), the SR&ED program provides tax credits for work that advance scientific relations and technological understanding, address scientific or technological uncertainty, and are practiced by qualified individuals with a systematic approach
In addition to the potential tax breaks for businesses, the SR&ED program can also provide refunds for expenses incurred through rigorous research and experimentation.
Who is Eligible for SR&ED and Other Grants?
A trusted R&D consultant will help you understand the conditions to meet the eligible criteria for grant and tax incentive programs such as the SR&ED. There are three main conditions your work or project has to meet in order to qualify. Probably the most important is that it achieves technological advancement for both new and existing products, processes, and materials.
One of our R&D consultants will start by asking if your business applies research to advance scientific knowledge through a practical application. From there, you will also have to consider the basic research involved without a practical application.
Lastly, you will also have to consider the experimental development involved in supporting various kinds of work. This ranges anywhere in the areas of engineering, design, operational research, computer programming, and data collection among others.
In addition to the SR&ED program, you can also apply for other grants such as the Industrial Research Assistance Program (IRAP), the National Sciences and Engineering Research Council (NSERC), and the Sustainable Development Technology Canada (SDTC) program for environmentally friendly projects.
To learn more about those patent grants and the SR&ED, reach one of our R&D consultants today!
How Innotek’s R&D Tax Consultants Will Help You
Our consultants will work with your application, providing step-by-step support to help you maximize tax claims and help your business or project get on the track. We provide unparalleled quality client service and are thoroughly committed to helping you get approval for grants such as the SR&ED program.
We work to our client’s satisfaction and will not get paid until your endeavors are a success. All our consultants are knowledgeable about the grant application process and will provide great advice on getting an approval.
Interested? Here’s How to Contact Us!
At Innotek, we are a private BC based tax consulting firm who wants to help Canadian businesses and individuals thrive in the world of science and technology. We have many useful resources and information available for your next application process.