R&D tax credits are a great help to startups. Here in the UK we have a R&D tax credit incentive that rewards companies during the development phase by paying cash tax credits equivalent to 33% of the qualifying spend.

So a company with £100,000 spent on dev team salaries could see a payment from the tax authorities of £33,000 - within just 30 days of filing.

It's a good system and a big financial help to startups and fast growing companies.

Good luck with your venture!