If you’re looking to innovate without the hefty price tag, this program is tailored for you. By forming a non-profit consortium with other private-sector partners, you can benefit from a tax credit covering 80% of your research costs. This means that you can collaborate on projects that push boundaries and drive growth while significantly reducing your expenses.

Why should you apply? Here are some key benefits:

• Increased growth potential: Dive into new research areas that could set your business apart from the competition.
• Improved competitiveness: Stay ahead in your industry by leveraging the insights gained from cooperative efforts.
• Flexibility: There’s no maximum limit on funding—design projects that fit your specific needs and aspirations.
• No financial burden: The significant tax credit allows you to focus on innovation rather than worrying about high costs.

Being approved for this program not only translates into substantial savings but also positions your business as a key player in your field. Plus, the application process is straightforward, making it accessible for businesses of all sizes and structures. Make your move now to harness this incredible opportunity!

This program offers a tax credit applicable on 80% of the costs associated with cooperative, pre-competitive research. This means you can directly reduce your tax obligation by this percentage based on your eligible expenses. There’s no repayment involved; it's a beneficial way to offset your costs.

Eligible Expenses

You can use the funds for various research-related expenses, including:

• Salaries for researchers
• Equipment and material costs
• Overhead associated with the research project

Ineligible Expenses

The funds cannot be used for:

• Marketing
• Debt repayment
• Purchase of property

Fees

There are no fees associated with this program, making it a straightforward and cost-effective option for enhancing your research capabilities.

• The business must form a non-profit consortium with private-sector partners for cooperative, pre-competitive research.
• No minimum or maximum number of employees is required.
• No minimum or maximum company revenue qualifications apply.
• All legal structures of businesses are eligible.
• All profit structures of businesses are eligible.
• The program is available nationwide.

Disqualifications:

• There are no specific disqualifications listed in the provided context.

You can benefit from a tax credit that covers 80% of your costs when you collaborate with other private-sector partners to form a non-profit consortium for research. This means that if you take part in cooperative, pre-competitive research efforts, a significant portion of your expenses can be offset.

This opportunity is valuable for your business because it allows you to explore new ideas and innovation without bearing the full financial burden. This can lead to increased growth potential and improved competitiveness in your industry, all while reducing out-of-pocket costs.

The program has no specified maximum funding limit, so you can work on projects that suit your business needs, with flexibility across all sectors. By participating, you not only position your business to potentially save money but also to be at the forefront of developing new, valuable research alongside other industry players.