Emyria has received a Research and Development (R&D) Tax Incentive refund of A$954,180 for the financial year 2019/2020.
Emyria Managing Director Dr Michael Winlo said: “Combined with the recent capital raising, the receipt of the R&D tax incentive refund further strengthens our capital position and enables us to accelerate our growth plans across our business to deliver significant shareholder value.”
The R&D Tax Incentive is an Australian Government program under which eligible companies can receive cash rebates of up to 43.5% of eligible expenditure on R&D activities.
