Patent News : R&D Tax Credits
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The actual process of writing a patent takes time away from manufacturing and sales - for a small business or individual inventor this time away from critical actions can be the difference between life and death. Fortunately, many western countries provide incentives to such small businesses or individual entrepreneurs. This may be in the form of tax relief, or R&D tax credits.

An R&D tax credit may be claimed by a corporation and the government returns a portion often in cash. Often smaller companies are rewarded more handsomely, thereby further injecting capital to where is often the best source of innovation.

Just about every country have R&D tax credit program. The U.S. has the R&E Tax Credits, and Canada has SR&ED Tax Credits.

"Anything that won't sell, I don't want to invent" - Thomas Edison.

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