Client Background
3DIMO specialises in globally traceable animal identification enabled by biometric identification, IR imagery, and artificial intelligence. They are undertaking a project to develop an animal husbandry monitoring system known as the “Thola system” which aims to significantly improve the current methods of monitoring, detecting and preventing the spread of disease within livestock. The implementation of AI and Machine Learning intelligence along with biometric identification into drone-based IR cameras in the monitoring of live, moving targets in the livestock farming sector is unprecedented.
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 3DIMO R&D eff orts were eligible for the R&D Tax Incentive. As such, they worked closely with the 3DIMO team to analyse all available opportunities in order to bolster their return on investment. Approval for 3DIMO’s R&D Tax Incentive application was received only 2 months after the submission of the project.
150% Tax Deduction for Thola System
Catalyst Solutions submitted an R&D Tax Incentive application for the Thola System. Ultimately, the project was approved by the Minister of Science & Innovation and unlocked a 150% tax deduction for 3DIMO on their R&D costs.
