Iowa City R&D Tax Credit Explained for Businesses

R&D Tax Credits for Iowa City, Iowa Businesses

Iowa City, Iowa, is known for its strong presence in healthcare, education, technology, and retail. Top companies in the city include the University of Iowa Hospitals and Clinics, a major healthcare provider; the University of Iowa, a key educational institution; Pearson, a prominent technology company; Walmart, a global retail giant; and Amazon, a global logistics and e-commerce company. The R&D Tax Credit can help these industries reduce tax liabilities, encourage innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research boosting Iowa City’s economy.

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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 699 Walnut Street, Des Moines, Iowa is less than 115 miles away from Iowa City provides R&D tax credit consulting and advisory services to Iowa City and the surrounding areas such as: Cedar Rapids, Davenport, Waterloo, Ames and Coralville.

If you have any questions or need further assistance, please call or email our local Iowa Partner on (203) 680-9655.
Feel free to book a quick teleconference with one of our Iowa R&D tax credit specialists at a time that is convenient for you.

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Iowa City, Iowa Patent of the Year – 2024/2025

IotaMotion Inc. has been awarded the 2024/2025 Patent of the Year for its innovation in robotic-assisted cochlear implant insertion. Their invention, detailed in U.S. Patent No. 12011594, titled ‘Modular implant delivery and positioning system’, introduces a modular implant delivery and positioning system that enhances precision and safety during cochlear implant procedures.

The system comprises an external positioning unit that engages the implant’s elongate member and a control console with a user interface for inputting motion control instructions. This setup allows for controlled propulsion of the implant into the target site, minimizing the risk of trauma to the cochlea. The technology is designed to assist surgeons in maintaining a standard surgical approach while benefiting from the precision of robotic assistance.

The real-world impact is significant. By providing a controlled and consistent insertion process, the system reduces surgical variability and potential complications, leading to improved patient outcomes. This advancement is particularly beneficial for patients with moderate-to-severe hearing loss, as it enhances the safety and efficacy of cochlear implant surgeries.

Founded in Iowa City, Iowa, IotaMotion specializes in developing robotic technologies aimed at individualized hearing loss treatment. This patent underscores their commitment to advancing cochlear implant procedures through innovative solutions that combine surgical expertise with robotic precision.