Sparc Technologies receives USD$730,000 R&D tax refund
Sparc Technologies has secured AUD$1.12 million (around USD$730,000) in an R&D tax refund, under the Australian Government's R&D Tax Incentive, relating to the 2024 financial year.
It was stated that this financial boost comes as a recognition of Sparc’s commitment to advancing sustainable technologies in high-performance coatings and polymers. This refund will strengthen the company’s cash position thereby providing continued support for Sparc's investment in Sparc Hydrogen, ecosparc® field trials and its work developing graphene based additives for high performance coatings and polymers