Research & Development in the Manufacturing sector
The manufacturing sector is rapidly innovating to improve business processes that ultimately accelerate production ramp-up and time-to-market, enhance product innovation, and increase customer acceptance. In a world of interconnected manufacturing networks, innovation starts with investing in Research & Development.
Daily activities, like developing & implementing technologies to improve process efficiencies, designing or enhancing equipment, and implementing system-level technologies with an aim to increase competitive capability of manufacturers, could all qualify for the Research & Development (R&D) Tax Credit.
Examples of R&D activity in Manufacturing
- Design modifications
- Toolmaking
- Flat/blank layouts
- Shop redesign
- Proof of concept (POC)
- Trial production runs
- Quality approval (PPAP & ISIR)
- Packaging design improvements
- Metal and material fabrication
- Product flow improvements
- Process improvements (Kaizen, Lean, Six Sigma)
- CAPAs and change controls