Champaign R&D Tax Credit Explained for Businesses

R&D Tax Credits for Champaign, Illinois Businesses

Champaign, Illinois, thrives in industries such as healthcare, education, technology, and retail. Top companies in the city include Carle Foundation Hospital, a major healthcare provider; the University of Illinois at Urbana-Champaign, a key educational institution; State Farm, a prominent technology company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can benefit these industries by lowering tax burdens, fostering innovation, and improving business performance.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 318 West Adams Street, Chicago, Illinois is less than 135 miles away from Champaing and provides R&D tax credit consulting and advisory services to Champaing and the surrounding areas such as: Urbana, Rantoul, Mahomet, Savoy and St. Joseph.

If you have any questions or need further assistance, please call or email our local Illinois Partner on (312) 380-0467.
Feel free to book a quick teleconference with one of our Illinois R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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Champaign, Illinois Patent of the Year – 2024/2025

EarthSense Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking agricultural analysis robotic system. Their invention, detailed in U.S. Patent No. 11935289, titled ‘Agricultural analysis robotic systems and methods thereof’,.

EarthSense, Inc. has been awarded the 2024/2025 Patent of the Year for its groundbreaking agricultural analysis robotic system. Their invention, detailed in U.S. Patent No. 11935289, employs autonomous robots equipped with advanced sensors and AI to monitor crops in real-time, enhancing precision farming practices.

This system enables robots to navigate through fields, capturing image data of crops and identifying specific agricultural objects of interest. By determining the orientation and position of the sensor device, the robots can analyze each object to assess characteristics such as health or growth stage. Based on this analysis, the system can initiate appropriate actions, like adjusting irrigation or applying targeted treatments.

The innovation addresses the challenges of dynamic agricultural environments, where conditions can change rapidly. By providing detailed, plant-level insights, farmers can make informed decisions, leading to optimized resource use and improved crop yields.

EarthSense’s technology represents a significant advancement in agricultural automation. By integrating real-time data analysis with autonomous navigation, the system offers a scalable solution for modern farming needs. This patent underscores the company’s commitment to leveraging technology for sustainable agriculture.