With consumer food wants and demands shifting constantly in our evolving health-conscious society, providing new and innovative products is crucial to companies competing in the agri-food market. One of NorthBridge’s clients, a national food processing company, had been investigating and developing new products that did not exist in the public marketplace. The company was looking to grow their already diverse range of products, looking to not only capture increased market share, but also develop new processes and product lines which would allow them to better understand their own products and ingredients. Through working with NorthBridge for a period of years, the company was aware of the SR&ED tax credit program and how the support provided for labour, materials, overhead, and subcontractor costs would allow them to recapture some of the costs realized during these projects.
Our NorthBridge team of engineers and technical writers assisted the company in compiling comprehensive, detailed claims that outlined their innovation in the field of agri-foods and, through constant communication and engagements, their SR&ED tax credits were filed and accepted. Thanks to our work together, the company will be able to re-invest their capital in on-going experimental projects and continue to innovate, providing consumers with more health-conscious and delicious food choices.
