Founders of Iconic Air named in Forbes 30 Under 30 List

Iconic Air was founded in 2018 by James Carnes and Kyle Gillis in their senior year at West Virginia University’s Statler College of Engineering. They began as a software startup focused on emissions monitoring and data reporting for the oil and gas industry. In their few short years, they have secured pilot operations in three key oil and gas-producing regions. They have also earned a contract with the United States Air Force Small Business Innovation Research with the aim of adapting their technology for use by the Department of Defense.

With these achievements, Forbes has named them in their 2021 30 under 20 list. This list recognizes business and industry figures in select industries like energy, entertainment, social media, media, education, finance, sports, venture capital, art and enterprise technology. Iconic Air is currently developing a data analytics software infrastructure which will interface with methane and environmental monitoring sensors. They want to help the oil and gas industries comply with climate change standards by presenting the technology to achieve transparent and automated processes.

Are you adapting technology for a new purpose? 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 or contact your usual Swanson Reed representative.

Recent Posts