French companies can now resort to INESC TEC services and benefit from tax credit

The French Ministry of Higher Education, Research and Innovation approved the option for French companies to resort to R&D services provided by INESC TEC, and benefit from a tax credit for the incurred expenses while carrying out the research activities over the year.

In accordance with the provisions of article 244, table B of the general tax code, public bodies or similar can extract research expenses from the calculation of the research tax credit. This agreement between the French ministry and INESC TEC is valid for a period of three years: 2020, 2021 and 2022.

For INESC TEC, this support provided for in French law could improve cooperation with some French companies INESC TEC has been working with, like the investment bank Natixis, but also the encourage new relationships with other companies. “This agreement with the French ministry can help us establish strong partnerships and identify new business opportunities. It is a significant boost for INESC TEC’s internationalisation ambitions”, said Augustin Olivier, Business Developer at INESC TEC.