Research & Development Resources
CAMP and CCMR
Center for Advanced Materials Processing
The Center for Advanced Materials Processing (CAMP) at Clarkson University is dedicated to developing Clarkson's research and educational programs in high-technology materials processing and is focused on industrial concerns and meeting industrial needs. CAMP's mandate is to develop innovations in advanced materials processing and to transfer this technology to business and industry.
Cornell Center for Materials Research (CCMR)
For companies that lack the internal expertise to deal with an immediate materials-based issue or need to understand how future materials technology will impact their business, CITEC is pleased to partner with Cornell Center for Materials Research (CCMR). The small business programs of CCMR reach out to New York State-based companies to build valuable collaborations between industry and the broad materials expertise of CCMR faculty. Some of the tools available for small businesses include a day-long workshop on CCMR testing and analysis capabilities (Facilities 101) and the JumpStart program to ease the financial burden of starting a project with CCMR.
R&D Funding: SBIR / STTR Programs
The Small Business Innovation Research / Small Business Technology Transfer Program (SBIR / STTR) is a highly competitive federal R & D funding program that encourages small business to explore their technological potential and provides the incentive to profit from its commercialization. By enabling qualified small businesses to participate in the nation's R & D activities, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
Competitive Opportunity for Small Business
SBIR targets the entrepreneurial sector because that is where most innovation and innovators thrive. However, the risk and expense of conducting serious R & D efforts are often beyond the means of many small businesses. By reserving a specific percentage of federal R & D funds for small business, SBIR enables small business to compete on the same level as larger businesses. SBIR funds critical startup and development stages and encourages the commercialization of the technology, product, or service, which, in turn, stimulates the U.S. economy.
Let us put you in contact with the SBIR / STTR Innovation Specialist so you can learn more about this funding opportunity today! [contact us]
R&D Tax Credit Guidance
The R&D tax credit provides permanent benefits to drive down effective tax rates and generate cash flow. Federal incentives are available to companies that devote time and resources to developing new or improved products or manufacturing processes. Qualifying activities include concept development; design; engineering; software development; experimenting with new materials; designing tools, molds and fixtures; and prototyping and testing of products and manufacturing processes.
The R&D tax credit is a government-sponsored economic incentive backed by Congress and the administration. The most recent regulations make it easier for a wider range of companies to qualify for the R&D credit. In addition, with the introduction of the Alternative Simplified Credit (ASC) in 2007, many companies that evaluated the credit in the past and found little benefit may now be eligible for significant credits.
The R&D credit provides a reduction to past, current and future years’ federal tax liabilities, creating an immediate source of cash. The credit differs from a deduction in that it is an actual dollar-for-dollar offset against taxes owed or paid. The credit is a source of permanent tax savings and can be claimed for all open tax years. If the credits cannot be used in a particular year, they are carried back one year and then carried forward up to 20 years.
CITEC partners with the expert resources of SourcHOV | Tax to provide guidance on this complicated -- but often, quite rewarding -- R&D Tax Credit opportunity. Contact us to take the first step toward understanding your options: there is no cost, and no obligation!