Burlington R&D Tax Credit Explained for Businesses

R&D Tax Credits for Burlington, Vermont Businesses

Burlington, Vermont, is a major hub for industries such as healthcare, education, technology, manufacturing, and retail. Top companies in the city include the University of Vermont Medical Center, a leading healthcare provider; the University of Vermont, a major educational institution; Dealer.com, a significant technology employer; Burton Snowboards, a key player in the manufacturing sector; and Church Street Marketplace, a prominent retail complex. The Research and Development (R&D) Tax Credit can help these industries save on taxes by encouraging innovation and technological advancements.

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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 300 Interstate Corporate Ctr, Williston, Vermont is less than 10 miles away from Burlington and provides R&D tax credit consulting and advisory services to Burlington and the surrounding areas such as: Essex, South Burlington, Colchester, Rutland and Bennington.

If you have any questions or need further assistance, please call or email our local Vermont Partner on (802) 778-1133.
Feel free to book a quick teleconference with one of our Vermont 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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Burlington, Vermont Patent of the Year – 2024/2025

OVR Tech LLC has been awarded the 2024/2025 Patent of the Year for its innovation in immersive scent delivery. Their invention, detailed in U.S. Patent No. 11883739, titled ‘Replaceable liquid scent cartridge’, introduces a modular system that brings realistic olfactory experiences to virtual and augmented reality environments.

OVR Technology’s patented cartridge system enables users to experience precise and dynamic scents during digital interactions. Each cartridge contains multiple chambers filled with distinct scented liquids. These are delivered through dedicated channels to aerosol generators, which release the scents in controlled amounts. This setup allows for the creation of complex scent profiles that can change in real-time, enhancing the realism of virtual experiences.

The system integrates seamlessly with VR and AR headsets, positioning the scent delivery near the user’s nose. It responds to software commands, allowing developers to synchronize scents with visual and auditory cues. This adds a new dimension to digital content, making experiences more immersive and engaging.

Beyond entertainment, the technology has applications in therapy, training, and education. For instance, it can simulate environments for stress reduction or recreate scenarios for emergency response training. By incorporating the sense of smell, OVR Technology’s invention offers a more holistic approach to virtual experiences.

This advancement in scent delivery technology represents a significant step toward fully immersive digital environments. OVR Technology’s innovation not only enhances user engagement but also opens new possibilities across various industries.