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  • There are thousands of programs with varying eligibility criteria, deadlines and application processes.
  • The program landscape changes over time as new programs are introduced, existing programs are stopped as funding is exhausted or eliminated altogether.
  • Unlike most tax credits, direct funding programs must be preapproved and therefore require appropriate planning and alignment with overall business strategy and critical project timing.
  • Program funds are often limited and competitive, making application timing and strategy critical.
  • Receiving direct funds can have an impact on a company’s SR&ED claim.