SOFTWARE & IT

To encourage innovation, the federal and state governments have programs in place that help finance R&E. Explore eligible activities and expenditures for this industry below!

Get your 30-minute NO OBLIGATION consultation.

The software and IT industry has a vital role in innovation due to its interconnectivity across various industry technologies such as connected vehicles, health tech, fintech and blockchain. New technologies like AI and Machine learning have even become their own fields. Many technologies stemming from the industry are extremely versatile in use, including big data and IoT. The global IT industry presents promising growth for current and future innovations, with a 5-year CAGR of 11% by 2025 and 10.7% for the software industry. Contact a Funding Expert to learn how to get your grant application started.

ELIGIBLE ACTIVITIES & EXPENDITURES

Development of prototypes
Experimentation to improve the efficiency, performance, or sustainability of a product or process
Conducting feasibility study of proposed product or process
Development of new, more sustainable materials
Testing of sustainable materials as replacements in products or processes of production
Development of technologies that will result in clean air, clean soil, or clean water
Development or testing for renewable energy sources
Improvements to renewable energy sources for improved efficiency or performance
Improvement of raw material extraction practices to be more sustainable

Not yet sure if you are eligible? Ensure you are maximizing grants and incentives in the software and IT industry. Get
your 30-minute no-obligation call and talk with a funding expert