Researching, developing and exploiting technology in the shape of new products, processes, applications, materials, or services is essential for the development of enterprises and their future.
Instead of investing in their own research, companies usually use scientific institutions for research and development purposes. The EU also supports investment in innovative projects and the use of new technologies or procedures.
Slovakia offers opportunities for many innovative projects which could be interesting for companies and the development of activities for technology transfer. Various Slovak institutions, among them the Slovak Academy of Sciences, work closely with the business sector on commercial use of technology transfers.
The issue is not only to find the correct solution or a partner offering the right technology, but also how to execute a technology transfer to a company from the owner or holder of technology, as well as the choice of a proper model to exploit the research commercially. This can involve anything from licensing to setting up a special purpose vehicle, for example a research spin-off entity. It is essential to prepare clear rules on the acquisition, development, and exploitation of technology in the shape of new products, processes, applications, materials, or services.
Under current tax legislation a useful synergy is available in using scientific institutions such as the Slovak Academy of Sciences for research and development purposes. Expenses for research and development can be treated as income tax depreciation up to 200%.
If you are intrigued at this opportunity ‒ contact us. We can discuss possibilities and ways to execute a technology transfer in Slovakia.