The 4th industrial revolution is led by digital technology. Software publishing or the development of innovative solutions or systems using artificial intelligence are examples of technology that is eligible for subsidies and tax credits.
Software is constantly evolving as priorities change in software operations. We are currently seeing huge developments in new areas such as artificial intelligence, requiring technological improvements through ongoing research and development. Traditionally, the CRA only allowed software for sale, rental or license to qualify for grants and tax credits. However, new regulations and new market trends have created opportunities for more software companies to qualify.
A well-known software development company located in Montreal asked ABGI Canada for help in obtaining R&D cash advances and in securing R&D tax credits.
By working closely with the CEO and the Technical Director, we established a strong business plan and R&D roadmap. We questioned the hypotheses, analysed the target market, reviewed the cost of developing technologies and formalized all the tasks to be carried out with the partners to complete the research project.
With our support, the company was able to claim nearly $500k in innovation funding to accelerate its growth.