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Episode 32 - Guest: Thomas Gross - Founder & CEO of SOGEDEV
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France has a plethora of opportunities to make starting a business quite successful through its tax incentive programs and grants that many US companies may not be completely aware of. Thomas clearly helps us understand these programs and even walks us through a case study that helps clarify how it could be done.
There are different types of public aid to finance your research and development projects:
- The Research Tax Credit (CIR): Up to 30% of the expenses incurred, in the form of a corporate tax credit (IS) that can be reimbursed.
- The Innovation Tax Credit (CII): The CII allows companies to obtain a tax credit of 20% of the number of certain innovation expenses.
- The Young Innovative Company Status (JEI): Exemption from employers' contributions from URSSAF and IS.
- Bpifrance Aid: Zero-interest loan or subsidies of 25 to 60% of the R&D budget, Innovative Company label.
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