Biotechnology and/or biomedical companies may be eligible for R&D tax credits for performing qualified research activities. For example, the following activities may be eligible for R&D tax credits:
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Technical research, design, development, and experimentation on medical and/or biological application solutions (e.g. biomining, ethanol extraction, fungicide applications , DNA sequencing, therapies, treatments, vaccinations)
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Development of biomining bacteria
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Development of fungicide protection of agricultural
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Development of resource extraction techniques (e.g. generation of alternative energy / biofuels)
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Discovery and development of new methods and/or protocols for medical product and/or process delivery
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Developing new therapeutic drugs, compounds, or molecules used in synthesis experiments
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Developing alternative energy biofuels, feed, or applications from plant derivatives
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Developing techniques to validate medical therapies
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Developing prototype batches of new products, biomedical devices, and/or therapies for testing and validation
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Developing new applications for existing drugs and/or therapies
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Developing multi-application synthetic microbes
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Developing biosimilars relating to advanced biologics, assays, product efficacy, and testing protocols
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Developing disease and/or insect resistant agriculture products
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Performing clinical trials and experimentation pursuant to government regulatory requirements prior to commercialization
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Developing technology for compliance with EPA requirements
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Designing packaging and/or storage materials pursuant to technical constraints (e.g. sterilization)
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Designing new and/or improved manufacturing processes to reduce waste and improve throughput production
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Designing prototype biomedical device(s) and/or evaluation of alternative application(s)
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Designing and/or developing biomedical software for enhanced diagnostics or treatment
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Reformulation of existing drug(s) to reduce side effects and/or dosage
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Designing and/or developing certain hardware and software systems for use in research and clinical development, and medical device equipment used for treating various diseases or medical issues
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Designing and/or developing a new product development facility or experimentation laboratory where new technology is evaluated or new manufacturing techniques are validated