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

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, September 26, 2020: Nanoscribe, Azul 3D, Arburg

3D Printing Functionally Graded Materials Gets an F



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

3D Printing Design for Automotive to Be Supported by Lehvoss & FENA

3D printing materials provider Lehvoss North America, part of the LEHVOSS Group of chemical companies operating under parent company Lehmann&Voss&Co., announced that it is partnering up with Forward Engineering North...

TOffeeAM raises £1 million for AI Topology Optimization Tool for 3D Printing

TOffeeAM, launched from Imperial College’s Techcelerate program, recently secured £1 million in seed funding. The funding was primarily led by IQ Capital, together with Entrepreneur First, the Royal Academy of...

3D Printing Webinar & Virtual Event Roundup, June 5, 2020

In this week’s webinar and virtual event roundup, we’ve got three webinars to share with you, one of which has already taken place but can be viewed by interested parties...

MELD Manufacturing Reaches Major Milestone with Metal 3D Printed Components

Virginia-based company MELD Manufacturing Corporation was launched in the spring of 2018 as a subsidiary of Aeroprobe Corporation, which produces instruments that provide and measure real-time air and flow data. Aeroprobe...


Shop

View our broad assortment of in house and third party products.