AM Investment Strategies
AMS Spring 2023

3D Printing – University Business Incubators and R&D Tax Credits

Formnext

Share this Article

Throughout the US, universities are creating 3D printing incubators to enable students and faculty members to create 3D printing based-businesses. Both engineering and business students are able to integrate their knowledge in developing advanced ideas within these business incubators. 3D printers enable student entrepreneurs to visualize, experiment, design and create a prototype based on their business ideas.

The university 3D incubator participating companies are entitled to a Federal and State R&D tax credits to further assist the commercialization of their ideas.

The Research & Development Tax Credit

  • New or improved products, processes, or software
  • Technological in nature
  • Elimination of uncertainty
  • Process of experimentation

Eligible costs include employee wages, cost of supplies, cost of testing, contract research expenses, and costs associated with developing a patent. On December 18, 2015 President Obama signed the bill making the R&D Tax Credit permanent. Beginning in 2016, the R&D credit can be used to offset Alternative Minimum Tax and startup businesses can utilize the credit against $250,000 per year in payroll taxes.

Some of the largest Universities with 3D business incubators include:

Universities with 3D Printing Business Incubators State
Auburn University Alabama
Case Western Reserve University Ohio
Fairfield University Connecticut
Florida Institute of Technology Florida
Florida Polytechnic University Innovation Labs Florida
Hampton University Virginia
National Institute of Aerospace Virginia
North Carolina State University North Carolina
Ohio University Ohio
The University City Science Pennsylvania
University of Louisville Kentucky
University of South Florida Florida
University of St. Francis Illinois
University of Texas Texas
University of Utah Utah
Youngstown State University Ohio

Among this growing list of schools, Youngstown State University’s Business incubator (YBI) is a leader in the 3D incubator race. YBI works to facilitate innovation through collaborative partnerships with large companies in the 3D printing industry. YBI provides two high-end 3D printers that enable research and innovation. The University has developed close relationships with large 3D printing companies, and is researching how technology improvements can contribute to their state-of-the-art additive manufacturing program.

Other schools such as the Florida Institute of Technology have developed a 3D printing incubators to encourage the interaction between highly innovative engineering students with business students. Florida State University (FSU) has contributed funding to the development of an incubator for the promotion of entrepreneurship among students. Entrepreneurial students across the FSU campus are able to utilize rent-free office space to run their start-up business ventures, supported by the developments in 3D printing.

University 3D printing incubators should make sure that the businesses they support utilize R&D Tax Credit Incentives.

 


Charles R. Goulding and Tricia Genova of R&D Tax Savers discuss 3D printing in university incubator settings as it relates to tax credits.

 

Share this Article


Recent News

3D Printing News Briefs, October 1st, 2022: Flight-Ready Parts, Rapid Prototyping, & More

3D Printing News Unpeeled: 3D Printed MEMS, ASML and iCLIP



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing News Unpeeled: Boeing, Bauer, DBSchenker, Glidewell and Twikit

DB Schenker is to start a digital warehouse solution that lets you 3D print locally while they identify the right 3D printed parts, qualify them and qualify them. AM4AM is...

3D Printing News Briefs, September 29, 2022: Crowdfunding a 3D Printed House & More

We’re kicking things off with business in today’s 3D Printing News Briefs, as a Dallas construction startup is looking to raise $2 million to 3D print homes. LÖMI joined the...

3D Printing News Unpeeled: General Atomics, SLA on Textile, Dyze Design

General Atomics works with Conflux to 3D print  Fuel Oil Heat Exchanger (FOHE) for the MQ-9B. The company also says that it saves $2 million on tooling and $300,000 in...

3D Printing News Unpeeled: Formlabs, Hasbro, AddUp and Collins

Today we learn of Hasbro and Formlabs teaming up to make 3D printed selfie action figures. AddUp and Sogeclair will work with Collins Aerospace to make actuation components for aerospace....