Prime Movers Lab Funds Startups with $245 Million

Prime Movers Lab is funding early stage science startups with $245 million. The company is looking for and backing startups that are making scientific breakthroughs in various industries, such as biotechnology and manufacturing among others. Prime Movers Lab’s first fund is one of the best performing funds of 2018. The company prides themselves on backing companies like Momentus, who just announced a SPAC merger. 

Prime Movers Lab general partner, Dakin Sloss, outlines how the company wants to support tech and science that works towards making the world a better place and to do that, it needs to support and encourage startups in the tech and science industry. The company wants to allow startups to make progress and assist them in their R&D process to allow the startups to grow.

Are you developing a new product or process? 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.

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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.

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