Maltento

Background

Maltento is a Cape Town-based BioTech company specialising in regenerative nutrition. Maltento was working on a number of production and product innovations connected to the development of a novel biotechnological process to convert by-products from the brewing industry into sustainable natural nutritional ingredients derived from insects

01 The Challenge

Although Maltento had received some investment to assist with the significant R&D projects ahead, they still required further financial assistance to meet their goals. Maltento were aware that they might be entitled to R&D grants and incentives but were unsure of how to maximise their opportunity.

02 The Solution

Catalyst Solutions found that Maltento’s R&D efforts were eligible for an R&D tax incentive and the Support Program for Industrial Innovation (SPII) Grant. Government offers incentives for companies conducting innovation in South Africa through cash grants and tax incentives.

The Catalyst team managed the entire application process to ensure Maltento received the maximum government funding available. From identification of opportunities, to handling the application process and due diligence, as well as the audits and claiming.

R5 million (SPII) Grant Payout

Catalyst conducted all the paperwork and calculations required for the DTIC due diligence and audit process. The application was approved several months later and Maltento was approved for R5 million in grant funding over a two year period.

150% Tax Deduction

Catalyst Solutions also submitted an R&D tax incentive application for this same project. Ultimately, the application was approved by the Minister of Science & Innovation and unlocked a 150% tax deduction for Maltento on their R&D costs.