UA at Little Rock Launch Tech to Market with Accelerators
Lab2Launch, a virtual accelerator running out of the Arkansas Small Business & Technology Development Center, is teaching companies how to apply for federal grants for R&D and commercialization. The University of Arkansas at Little Rock actually has two accelerators. While Lab2Launch helps with grant applications, Tech Launch helps to commercialize inventions – at no cost.
The university is hoping to expand innovation and R&D throughout Arkansas with these no-cost, virtual services. However, they are highly competitive with Lab2Launch accepting just 12 companies annually. After kicking off in January 2020, 16 companies have participated from all over Arkansas, with 80% submitting to the SBIR/STIR Phase I applications. Increasing the transition from research to commercialization will help Arkansas’ economy and it’s incentive to commit to R&D work in the future.
Are you developing new technology or software for an existing or new application? 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.
Who We Are:
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.
Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.