Arizona Patent of the Month – October 2021

Part of the industrial agriculture sector is maximizing yields and quality of a crop in an effort to ensure high return on the ample investment made each growing season. As the population increases and the demand for raw plant materials goes up for the food and renewable technologies markets, the importance of efficient agricultural production intensifies. The influence of the environment on a plant’s health and production has resulted in a need for strategies during the growth season which allow the plants to compensate for the influence of the environment and maximize production. Heliae Development, LLC has developed their own microalgae-based product to help increase crop yield and quality.

Their microalgae-based composition includes extracts from microalgae in various states (eg. whole cells, lysed cells, extracted oils etc). The composition could be applied via soil or directly to adult plants, seedlings, or seeds during either salt or temperature stress conditions. Their composition provides a bio-stimulatory effect that promotes plant growth, health, and pest resistance. Through their formulation process, they discovered that a low concentration worked best to improve the emergence, maturation, and yield of the crop.  

Heliae is focused on developing products and systems to help the food and agriculture industry while also committing to mitigating climate change threats. Strictly focused on R&D, they are trying to unlock the full potential of microbial-based solutions on a commercial scale, giving planet Earth its first, best chance for sustainable impact from the soil up.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

Who We Are:

Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

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

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