Patent Rights Group Inc. (PRG) and R&D Funding Management Inc. (RDFM) announced today a new business partnership to enable Canadian companies to monetize their patent rights and simultaneously secure government tax credits and grants.
This partnership enables Canadian companies to monetize innovation by licensing and defending their patent rights and to secure cash incentives by accessing Canada’s Scientific Research and Experimental Development (SR&ED) program, Industrial Research Assistance (IRAP) Program, and Ontario’s Interactive Digital Media Tax Credit (OIDMTC) program, among others.
“Many companies leave huge sums of money on the table without even realizing it,” said Brian Hartman, Founder and Principal of RDFM, “Finally Canadian companies can rely on our partnership to maximize their refund claims and to monetize their patents simultaneously.”
“Our partnership is a natural alignment for our combined client base,” says Tony Canapini, CEO of PRG, “We know that companies that qualify for tax credits by developing new innovation also want to protect their investment by filing patents and defending or licensing their rights.”
Companies that prefer to pay only after success is achieved, will be attracted to this partnership. The fee structures of PRG and RDFM are predominately contingency based, and include other creative pricing and financing options to suit specific circumstances if needed.
All Canadian companies researching or developing new methods and products are now able to leverage the combined expertise of this partnership and experience working with a wide array of dedicated scientists, engineers, legal experts, and consultants. Clients of PRG and RDFM will gain new insights about their intellectual property while leaving the details surrounding their refund claims and licensing or defending their patents to these successful and competent industry leaders.