Blog
Notes on funding, IP, and the economics of deep-tech R&D.
2026-06-21
Refundable vs Non-Refundable R&D Credits: Why It Decides Your Runway
For a pre-revenue deep-tech company, the difference between a refundable and a non-refundable R&D credit is the difference between cash this year and a benefit you may not see for years. Here's why it matters.
2026-06-21
The R&D Test Everyone Gets Wrong: Technical Risk, Not Market Risk
The most common reason deep-tech R&D claims get challenged isn't fraud — it's confusing technical uncertainty with commercial uncertainty. The distinction is simple, and it decides what you can claim.