Posts Tagged ‘research and development’

Top 5 Innovations in January

January 12, 2016 – Planetary Resources and 3D Systems print first ever 3D object from asteroid materials. The U.S. Commercial Space Launch Competitiveness Act, passed in November 2015, give companies the right to mine asteroids and to run a private space startup company.

January 13, 1976 – Raymond Kurzweil revealed his invention to the public- a reading machine that scanned and analyzed printed material, then read it out-loud. This invention would improve accessibility of print, including books and magazines, to the blind.

January 3, 1957 – The Hamilton Watch Company announced their invention, the first battery-powered watch.

January 24, 1950 – The microwave oven was patented by Percy LeBaron Spencer. The development of this invention began, unintentionally, five years prior, when a chocolate bar had melted inside his pocket when he was working with microwave technology.

January 10, 1899 – David Misell received a patent for his invention of the first tubular, battery-powered flash light.

January 16, 1894 – The caulking gun was patented by Canadian Theodore Witte as a tool to better control the application of putty onto window sashes.

January 3, 1888 – Marvin Stone patented the first drinking straw as well as the spiral-winding process used to manufacture them.

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Top 10 Innovations in December

December 11, 2013 – Researchers at Rice University developed a stable, injectable, chemically crosslinking hydrogel to regrow bone.

December 20, 2011 – Researchers at the University of Illinois developed a self-healing circuit, wherein liquid metal would travel to the damaged area in order to repair the conductive pathway.

December 6, 2011 – At the University of Notre Dame, researchers developed a single-coat solar paint using quantum dots, or semiconducting nanoparticles, to generate energy.

December 1976 – The first electronic word processor, Electric Pencil, was released for use on personal microcomputers, specifically the MITS Altair.

December 9, 1986 – During what is now considered to be The Mother of All Demos, Dr. Douglas Engelbart delivered a presentation on computer technology, which included video conferencing. This demonstration has been credited for directly inspiring research and development in computer science technologies.

December 1, 1913 – Ford Motor Co. revealed that their assembly line process using driven conveyor belts accelerated the rate at which cars were transported down the line. This improved process has played a pivotal role in the history of car manufacturing.

December 19, 1871 – The first patent in the United States for corrugated paper was granted to Albert Jones. This development was to improve the packing process.

December 16, 1851 – A brass spinning system for manufacturing kettles was patented by H. W. Hayden.

December 6, 1850 – Hermann von Helmholtz revealed that he had created the ophthalmoscope, a ground-breaking invention that allowed the inner areas of the human eye to be assessed for eye health.

December 3, 1621 – Galileo revealed that he had finished building his telescope, which he developed after he learned about the telescope invented by Hans Lippershey.

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R&D Across Canada: 10 Quick Facts

1. The Scientific Research and Experimental Development (SR&ED) tax incentive program dates back to as early as 1944, when companies could deduct 100% of eligible expenditures and a third of capital expenditures incurred for scientific research from their taxable income.

2. The Canadian government provides over $20 billion in the form of direct and indirect funding programs each year for increasing innovation and national competitiveness.

3. Canadian expenditure on industrial R&D, expressed as a share of GDP, is relatively low compared to other countries and is predominantly concentrated in several traditionally R&D-intensive industries, including aerospace, pharmaceuticals, information and communication technologies, oil and gas extraction, and scientific research and development services.

4. While several industries are at par with other countries in industrial R&D intensity, such as computer and communications equipment manufacturing, these industries constitute a smaller portion of the Canadian economy, thereby dragging down Canada’s overall industrial R&D intensity compared to other countries, such as the U.S.

5. Despite relatively low industrial R&D expenditures, Canadian firms repeatedly report high levels of innovation compared to other countries.

6. Canada has the 12th highest rate of patents granted in the world and is responsible for 1.1% of patents filed in Europe, Japan, and the United States.

7. Ontario accounts for the largest share of R&D in the ICT sector. Aerospace R&D is concentrated in Quebec, R&D in the oil and gas industry is predominantly concentrated in Alberta, British Columbia, and Atlantic Canada, whereas the majority of pharmaceutical R&D is performed in British Columbia, Ontario, and Quebec.

8. Canadian companies are increasingly combining indirect funding from SR&ED with direct government funding programs, such as grants and loans, for business growth, continuing innovation, and workforce development.

9. Compared to other countries, Canadian industrial R&D is more labour intensive and less capital intensive.

10. Canada has several globally significant clusters of R&D-intensive firms as measured by number of patents granted. There are almost as many patents produced in the GTA as in Vancouver and Montreal combined. Furthermore, the number of patents per capita is highest in Ottawa and Waterloo.

Source: The state of Industrial R&D in Canada. Council of Canadian Academies, 2013

Newfoundland and Labrador Interactive Digital Media Tax Credit

Originally announced as part of the 2015 Provincial Budget released in April, the government of Newfoundland and Labrador has recently finalized and implemented a new interactive digital media tax credit to support businesses in the competitive digital media industry. The Newfoundland and Labrador Interactive Digital Media (IDM) Tax Credit will offer a 40% refundable rate on eligible labour and remuneration costs incurred while developing an eligible product between January 1, 2015 and December 31, 2019.

The credit will be available to taxable, interactive digital media development companies with a permanent establishment in NL who have registered with the NL Film Development Corporation. For a product of such a company to be eligible for the new tax credit, the product will have to meet the following qualifications:

  • The interactive product has the primary purpose to educate, inform, or entertain;
  • The interactive product presents information using at least two of text, sound, and images;
  • The interactive product is intended to be used by individuals for purposes other than interpersonal communication and is non-promotional; and
  • The interactive product must provide feedback to the user, allow the user to control what information is presented and when, and the product must adapt to the user’s needs (if appropriate).

Not all products that meet the above criteria are eligible, so please consult the NLIDM website for a complete explanation of eligibility.

If a product is eligible, the credit can be awarded up to a value of $40,000 per employee, with a maximum of $2,000,000 in labour and remuneration claimable. While employee labour is claimable up to 100% of development time, it should be noted that remuneration costs will only be claimable to a maximum of 65%. Unlike other provincial IDM programs, the NLIDM credit must be claimed in respect of the year that the expenses were incurred and this claim must be submitted to the Minister of Finance within six months of the end of the taxation year.

While the tax credit is currently managed by the Ministry of Finance, it will transition to the CRA beginning in May 2016. This means that digital companies in Newfoundland and Labrador should try to not only take advantage of this new program, but also look at Scientific Research and Experimental Development (SR&ED) tax credits, which are also filed with the CRA. With a 15% provincial SR&ED top-up available, companies that submit claims under both these programs can benefit from significant tax returns to continue innovative product development.

Upcoming FABTECH 2015 Event in Chicago

With only a few days left before FABTECH 2015 opens its doors, don’t miss an opportunity to participate in North America’s largest metal forming, fabricating, welding, and finishing event.  Since the show first launched in 1981 with 161 exhibitors, FABTECH has continued to grow as a world class platform for the exhibition of the latest manufacturing technologies and innovations; according to show co-manager, John Catalano, it is where “some of the best minds in manufacturing come to share their perspectives.”

This year, the four day FABTECH expo will be hosted from November 9-12, at McCormick Place in Chicago, IL and will feature an extensive lineup of distinguished keynote presentations, featured expert panel sessions, seminars, conferences, and educational sessions on cutting, finishing, forming & fabrication, management, job shop solutions, automation & robotics, stamping, and tube & pipe.  FABTECH will also feature several special programs including a Robotic Arc Welding competition, an AWS Professional Welders competition, and a Welding Wars competition.

FABTECH will also be hosting another conference, FABTECH Canada 2016, a premier event that brings Canadian buyers and sellers together to share knowledge and build relationships with key decision makers.  Since their expansion into Canada in 2012, FABTECH has been instrumental in supporting Canadian fabricating, metal forming, welding, finishing and associated industries. We will be posting further details about this event in 2016.

The FABTECH 2015 advance registration deadline for free admission is Friday, November 6.

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