How Upgraded Helped Tekside Secure $136,548 in SR&ED and $18,000 in Tech Savings
When Tekside.io, a forward-thinking development firm, wanted to bolster its software innovation while managing expenses, Founder and CEO Geoff Linton turned to Upgraded. Through a strategic deep-dive into Tekside’s R&D projects and operational costs, Upgraded identified opportunities for Scientific Research and Experimental Development (SR&ED) credits, ultimately securing $136,548 in SR&ED funding—and uncovering an additional $18,000 in tech savings.
1. Understanding Tekside’s Ambitions and Pain Points
Tekside specializes in building custom software solutions and providing technical consulting services. Geoff envisioned expanding Tekside’s offerings and investing in high-impact product development. However, he needed an efficient way to capture the full value of Tekside’s R&D efforts while keeping operational costs in check.
Key Objectives
• Maximize government incentives for ongoing software innovation.
• Reduce overhead related to licensing, infrastructure, and development tools.
• Maintain a lean financial profile, allowing more resources to flow into R&D.
2. Navigating the SR&ED Process with Confidence
Upgraded began by examining Tekside’s project pipeline, focusing on elements likely to qualify for SR&ED credits. Working hand-in-hand with Geoff and his engineering leads, the Upgraded team applied a methodical approach:
1. Eligibility Assessment
• Identifying core R&D components in Tekside’s client projects and proprietary tools.
• Mapping out qualifying activities, from algorithm optimizations to experimentation with emerging technologies.
2. Clear Documentation & Compliance
• Creating technical narratives that captured the precise nature of Tekside’s innovation.
• Aligning R&D expenses with finance best practices, ensuring a clean audit trail.
3. Hands-On Application Support
• Working collaboratively with Tekside to compile, review, and refine the SR&ED submission.
• Communicating with government representatives, addressing any inquiries or clarifications promptly.
3. A $136,548 Windfall in SR&ED Credits
The outcome of this well-coordinated effort was a substantial SR&ED credit totaling $136,548. Tekside could then reinvest those funds directly into continued R&D, empowering Geoff to:
• Scale Innovation without overextending Tekside’s operating budget.
• Enhance Product Offerings and improve time-to-market on new software solutions.
• Strategically Plan for Growth by allocating additional capital to expand Tekside’s development team and infrastructure.
4. Uncovering $18,000 in Tech Savings
In tandem with the SR&ED initiative, Upgraded evaluated Tekside’s technology spend, pinpointing areas with potential for cost reduction:
• Software Licensing: Consolidating subscriptions and negotiating favorable terms.
• Cloud Infrastructure: Adjusting hosting packages to align capacity with usage patterns.
• Development Toolstack: Identifying overlapping tools and streamlining processes, saving both money and developer time.
By executing these key improvements, Tekside realized $18,000 in annual tech savings—funds that could be funneled back into innovation and operational agility.
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(A look behind the scenes at Tekside’s team refining product strategies and collaborating with Upgraded on SR&ED submissions.)
5. Fueling Growth and Future Prospects
With new-found capital and a streamlined tech infrastructure, Tekside is well-positioned to break new ground in software development. Geoff and his leadership team can now:
• Recruit Top Talent to further drive high-caliber product initiatives.
• Expand into New Markets and win projects that demand cutting-edge solutions.
• Maintain Agility in a constantly evolving tech landscape, thanks to strong financial footing.
“Upgraded not only helped us secure SR&ED credits, but also dug deep into our operations to find real, tangible savings. Their hands-on approach was a game-changer for Tekside.”
– Geoff Linton, Founder & CEO of Tekside
6. Ready to Explore Your Funding and Savings Potential?
Whether you’re aiming to capture SR&ED benefits, optimize operational costs, or accelerate product development, Upgraded is your trusted partner.
Join the ranks of innovators like Tekside who have harnessed Upgraded’s expertise to unlock $136,548 in SR&ED funding and unearth $18,000 in annual savings. Reach out to Upgraded and chart your path to smarter growth today.
