HiveKeepers is an innovative Agri-tech start-up on a mission to solve a global problem: honey fraud and adulteration. Founder Simon and his team poured their resources into developing a groundbreaking system involving unique harvest cassettes and a benchtop machine, allowing consumers to experience fresh, authentic honey.
Like many innovative businesses, bringing this big idea to life required significant R&D investment and a sharp focus on their core mission.
HiveKeepers faced a challenge common to many founders. The R&D Tax Incentive represented a critical source of cash flow, but the application process itself was a significant hurdle.
Simon was juggling multiple business priorities and simply didn't have the time to dedicate to a complex, high-stakes application.
He needed a financial partner who could expertly navigate the process and translate his team's technical work into a successful claim. His goal was clear:
"I need someone to take all that knowledge from me... and turn that into something which has an extremely high likelihood of success."
To solve this, MiracleMint implemented a hands-free approach to the R&D claim process. We began with a discovery call to understand HiveKeepers' specific needs and build a foundation for his R&D Tax Incentive claim.
The core of our solution was a single, highly efficient 90-minute deep-dive session. During this meeting, our R&D specialists asked detailed questions to thoroughly understand the nuances of HiveKeepers' technology and innovation.
With this information, our team handled the rest. Accurately positioning their R&D project to meet AusIndustry’s guidelines while maximising the best R&D tax benefit, all without the never ending back-and-forth.
"The contact time... was actually really quite tight and short... And that makes a lot of difference for a founder who's already spinning lots of plates."
Our partnership delivered tangible and significant benefits for HiveKeepers, allowing them to turn their R&D expenditure into a meaningful financial return.
A Successful $100,000 Claim on R&D Expenditure: The engagement resulted in a successful claim, securing a vital cash flow injection of up to 43.5% of their R&D expenditure that could be reinvested directly into growing the business.
Founder Time Reclaimed: The entire process required only 1.5 hours of Simon's time, freeing him to focus on his product, team, and customers instead of wrestling with tax forms.
A Trusted Partnership: The rapid, delay-free turnaround and expert handling of the claim gave Simon immense confidence, leading him to declare the partnership a "no-brainer" for any future claims.
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