V-Quad Accepting Applications for $25K Entrepreneurs Technical Assistance Program Grants

The Mississippi Development Authority has announced the opening of their application process for the Mississippi Energy Program for Innovation Cluster: Virtual Quad (V-Quad). Applications will be accepted from qualified teams developing new products or services in the energy and agriculture technologies.

V-Quad was founded with the mission of building an innovative, virtual incubator network. This network should support Mississippi entrepreneurs and innovators as they launch energy and agriculture-focused technologies.

In building this network, these startups will have access to technical expertise through connections at Mississippi’s research universities, industry government, and nonprofits.

The current applicants will be applying for V-Quad Entrepreneurs Technical Assistance Program (ETAP) grants. If selected, they will be eligible for a maximum award of $25,000 each in vouchers to receive technical assistance from a research university in the state. MDA – who is supported by the U.S. Department of Energy State Energy Program – will award a total of $100,000 in the ETAP.

The teams will be paired with a relevant research university, based on their proposed projects, to tackle specific technical challenges and uncertainties. They will have nine months from the award date to complete these proposed projects.

Examples of eligible projects include the use of clean energy and energy-efficient products and services, agricultural products and services, as well as robotics, artificial intelligence, virtual reality, unmanned aerial and terrestrial vehicles and genomics applied within the energy and agriculture sectors.

Are you developing new technology for an existing 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.

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