Rochester R&D Tax Credit and Its Benefits to Companies

R&D Tax Credits for Rochester, Minnesota Businesses

Rochester, Minnesota, is known for its strong presence in healthcare, education, technology, and retail. Top companies in the city include Mayo Clinic, a leading healthcare provider; Rochester Community and Technical College, a key educational institution; IBM, 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, promote innovation, and enhance business performance. By utilizing the R&D Tax Credit, companies can reinvest savings into advanced research driving growth and competitiveness in Rochester’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 14870 Granada Avenue, Apple Valley, Minnesota is less than 75 miles away from Rochester and provides R&D tax credit consulting and advisory services to Rochester and the surrounding areas such as: Austin, Owatonna, Winona, Faribault and Northfield.

If you have any questions or need further assistance, please call or email our local Minnesota Partner on (952) 236-4344.
Feel free to book a quick teleconference with one of our Minnesota 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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Rochester, Minnesota Patent of the Year – 2024/2025

Nanodropper Inc. has been awarded the 2024/2025 Patent of the Year for innovation in eye care efficiency. Their invention. Their invention, detailed in U.S. Patent No. 11872157, titled ‘Micro drop adapter for dropper bottles’, enables more precise and economical delivery of liquid medications.

The patented micro drop adapter attaches to standard eye drop bottles and reduces the volume of each drop. This helps prevent waste, saves money, and minimizes the risk of medication-related side effects. By delivering just the right amount of liquid needed for effectiveness, the device improves dosing accuracy and extends the life of each bottle.

This simple yet impactful solution targets a long-standing problem in ophthalmology: oversized eye drops that overflow the eye and are often wasted. With this adapter, patients gain more control, and physicians can trust that prescriptions are being used efficiently and consistently.

Designed to be user-friendly and compatible with a wide range of eye drop bottles, the adapter is especially beneficial for patients managing chronic conditions like glaucoma. Its real-world impact includes greater affordability, reduced medical waste, and improved patient adherence to treatment plans.

Nanodropper Inc.’s latest patent reflects its commitment to accessible and sustainable healthcare tools, demonstrating how a small device can make a big difference in everyday medical routines.