Biodiesel Grants
Biodiesel grants on the consumer end, together with those
on the production end, are combining to greatly encourage
innovation and bio innovations in this area, more generally
known as biofuels.
For example, among government incentives for biodiesel, the
Canadian government’s four-year, CAN$200 million biofuels
capital grant program, the ecoAgriculture Biofuels Capital
Initiative (ecoABC), launched April 2007, was widely anticipated
and soon had numerous participants developing new technology
under its umbrella.
As with the SR&ED
for any industry, the biodiesel research and development must
involve technological uncertainty and advancement, from the
company’s perspective and within its business context, to
qualify for biodiesel tax credits. Therefore, while certain
processes such as conversion of a specific oilseed may have
been developed by Company A, if that technology is proprietary
and not generally available to the developing Company B, the
SR&ED program is neutral to the funding of that development.
This is consistent with the SR&ED program’s goal of increasing
and supporting the technological know-how of Company B that
has pursued that advance, and protecting the confidentiality
of taxpayer information that Canada Revenue Agency has committed
to. This is in contrast to the criteria of research grants
from other funding programs which generally require an advance
for Canadian industry as a whole.
TSGI Experience
TSGI, located in Calgary, Alberta, Canada has filed SR&ED
claims in a broad range of industries as well as grant applications
under a wide variety of programs.
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