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Learn about the initiatives that rewards businesses for innovation and the development of new technologies for your startup.
Research and Development (R&D) Tax Credits are a federal initiative to encourage business innovation and the development of new technologies. The initiative provides opportunities for businesses (including startups) to create new products and/or services, and claim government aid with the costs.
Many startups haven't heard of this tax credit or think it's not relevant to them, but recent changes to the tax code mean that improved incentives are an ideal way for startups to spread the costs.
R&D Tax Credits can make up a significant portion of startup funding, and investors will be aware of its existence, so download our business guide today to find out more on how to take advantage of this initiative.