Sparc Technologies: Receives $607,000 R&D tax incentive

Sparc Technologies Receives $607,000 R&D tax incentive

• Sparc Technologies (SPN) receives a research and development grant totalling $607,282
• The funding comes as part of the Australian Government’s research and development (R&D) incentive relating to the 2021 financial year
• Sparc says the funds support its efforts across the graphene, green hydrogen and sustainable battery projects
• The company will soon lodge an R&D claim for the 2022 financial year, which will reflect a substantial lift in research spend on the prior year
• SparcTechnologies is up 2.16 per cent, trading at 94.5 cents at 12:45 pm AEST