Massachusetts Patent of the Month – June 2022

Bicycles are a growing transportation source in larger cities, allowing people to get around without needing to fight with traffic or pay for gas. Biking is a low-cost, eco friendly transportation option with few downsides. Ofcourse, once you get to your destination you need to park your bike somewhere. 

Bike racks are an age old solution, providing a space to lean and lock your bike while you go about your day. As with most things, there is always room for improvement. Bike racks can be a source of frustration when two bike’s handles get entangled. Flycycle, Inc. has developed a novel design that makes bike racks more convenient without any additional effort needed.

The company focused on intelligent design to better solve the conundrum of parking a bike. The design allows bikes to be parked standing upright so that more racks can fit in the same space. With 30 inches of space between racks, this design requires 20% less than the spacing required for a traditional rack. 

To address the entangling handles, the design has a lifted wheel support which lifts the front wheel of one bike 5 inches off the ground. The bike on the other rack sits flush on the ground, ensuring the handlebars of one bike are raised above the other.

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.

Recent Posts