Qrious is pleased to announce that it has been recognised by Inland Revenue (IRD) as an Approved Research Provider.
Having successfully demonstrated our ability to conduct Research and Development, Qrious can provide R&D services to clients with a tax incentive to partially cover costs.
Qrious CEO, Nathalie Morris says, "We're proud to join IRD's list of approved research providers, having demonstrated our capability to perform core R&D activities that help create new knowledge, drive new or improved processes or services, and help resolve technological and scientific uncertainties."
The New Zealand Government's Research and Development Tax Incentive aims to drive more business investment in research and development. New Zealand organisations that satisfy the Government conditions are able to access a 15% tax credit on up to $120 million of eligible expenditure, but, they must spend more than $50,000 on eligible R&D in a tax year to claim the incentive, unless they use an approved research provider.
Morris continues, "I'm thrilled that the knowledge and expertise of the Qrious team has been recognised by the IRD. We can now help even more businesses access the data and analytics, AI, and machine learning skillsets they need for R&D and driving innovation in New Zealand."
Qrious has been noted as having the following Australian and New Zealand Standard Research Classification (ANZSRC) areas of expertise across our three portfolios: Enable, Discover and Engage:
- Software Engineering
- Computer Vision
- Pattern Recognition and Data Mining
- Image Processing
- Natural Language Processing
- Neural, Evolutionary and Fuzzy Computation
- Simulation and Modelling
- Data Structures
- Decision Support and Group Support Systems
- Data Format not elsewhere classified
To learn more about how you can access the research and development tax incentive, click here.
