One of the biggest hurdles to embracing technological change—including the IoT and beyond—is figuring out how to pay for it: 31 percent of surveyed manufacturers rank budget and resources as their biggest challenges to applying IoT capabilities.
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Topics: R&D tax credits, manufacturing, Tax, Uncategorized
Imagine this: Company X is a plastics manufacturer attempting to develop new products that can be used in medicine. The company has grown in recent years, generating approximately $40 million in revenue last year, and has invested heavily in developing biodegradable plastics that can be used for the treatment of bone and bodily injuries and in various other medical procedures, as well as accelerating its 3D printing capabilities to achieve greater scale.
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Topics: R&D tax credits, government contracts, manufacturing, Uncategorized