Echoiq Ltd Receives $762k R&D Tax Incentive
Key points
- Echoiq Ltd received $762,662.01 in R&D tax incentives
- The claim covers the financial year ended 30 June 2025
- The refund recognizes expenditure on AI innovation and medical technology
- Incentive is part of the Australian Government's R&D Tax Incentive Scheme
Full summary
Echo IQ Limited (ASX: EIQ), an AI and medical technology company, has confirmed the receipt of $762,662.01 under the Australian Government's Research and Development (R&D) Tax Incentive Scheme. This refund covers the financial year ended 30 June 2025 and recognizes the company's expenditure on R&D activities related to artificial intelligence innovation and the development of decision-support solutions for detecting structural heart disease. The R&D Tax Incentive Scheme is designed to support eligible companies through refundable and non-refundable tax offsets, with companies having a turnover under $20 million eligible for a refundable offset of up to 43.5% of eligible R&D expenditure.
Outlook
Echoiq Ltd anticipates continued investment in R&D to further its AI and medical technology innovations.
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