Home > Sectors > Biomedical Need a primer on SR&ED?

Industry Challenges

The biomedical sector is one of the most scientifically exacting fields of technology commercialization. Success in this arena requires the intricate management of many highly specialized stakeholders including research specialists, regulators, medical practitioners, insurance interests, financiers, manufacturers and distributors. It’s a complex process to coordinate that isn’t made easier by the demands of the SR&ED program.

Although much of the development in this field qualifies for SR&ED tax credits, biomed firms often fail to recover all the tax credits they are entitled to through sub-optimal financial and legal configurations. That’s where TSGI comes in.

Biomedical-optimized SR&ED Claim Preparation

TSGI has developed a suite of strategies to streamline the SR&ED process as it pertains to the biomedical industry. As dedicated tax professionals, our clients have found that our systems improve their financial position and keep their high-performance research team focused on their primary objectives: validating and commercializing their technology. TSGI will help you to:

1. Maximize entitlements:
TSGI’s holistic approach optimizes your SR&ED benefits over the whole span of your multi-year development

2. Optimize time use:
Our technical experts understand your science so you won’t waste time

3. Professionalize claim management:
Having a professionally qualified, third party SR&ED provider boosts your chances of success and is crucial for obtaining SR&ED-backed loans.

We Know Your Business

Our team has successfully applied our integrated approach to a wide range of biomedical projects, such as:

  • Medical devices
  • Multinational clinical trials
  • Pharmaceuticals testing
  • Veterinary sciences
  • Specialized medical software
  • Medical image processing systems

Keep your team focused on taking your technology to the next level.  Call TSGI to find out how our strategies can optimize your SR&ED program.

Client Experiences

  Chief Operations Officer, Medical Software Industry

TSGI Undoes Past SR&ED Mistakes

Our company’s first experience with the SR&ED program was that it was time consuming and unpredictable. As a result, we hired TSGI to manage our claims and the outcome has been excellent. Their expert knowledge of the program completely turned our claim around and resulted in a 150% increase in ITCs for a prior year. Even more significantly, they have made it easy for our management and technical personnel to understand their roles and to work proactively to maximize our benefits from this program. We are extremely pleased to recommend TSGI to any company that conducts R&D.

View more Biomedical client feedback on our Testimonials page.