GalChimia renews the Crédit d’Impôt Recherche (CIR) accreditation

20.05.2020

GalChimia has renewed the Crédit d’Impôt Recherche (CIR) accreditation from the French Government, which certifies the company as a provider of R&D services in France. The evaluation is related to the company's participation in the SHIKIFACTORY100 European project, aimed at the production of compounds of high added value in the chemical, food and cosmetic industries. The Galician company has doubled the surface and staff of its R&D&I center at the Barcelona Science Park, which was opened two years ago to accelerate its growth and internationalization strategy. 

 

Carme Pampín and Jacobo Cruces, GalChimia co-founders with Julie Masse (center), Chief Growth Officer (Photo: Barcelona Science Park).

GalChimia was granted, for the third time, the French Crédit de Impôt Recherche (CIR) accreditation as a provider of R&D services in France for 2020, 2021 and 2022. The evaluation was based on its participation in the European project entitled SHIKIFACTORY100, aims at the production of compounds of high added value in the chemical, food and cosmetic industries by exploiting well-established microbial transformations. Six world-leading research organizations, four biotechnology companies and one large industrial company have joined efforts in this project that combines chemical and biological syntheses.

Regarded today as one of the best tax incentives for research in Europe, the CIR Certificate 'Credit Impôt Recherche' (or French R&D tax accreditation) is a tax relief measure that allows French companies to declare the costs of innovative research and a significant reduction in your tax bill.

The CIR acts as a real growth lever for any company that chooses to invest in basic research, applied research, and experimental development. CIR provisions encourage private investment in R&D, stimulate the creation of companies and attract research centers of foreign companies.

The accredited companies become part of a public list of R&D providers, which allows French businessmen to deduct 30% of their technological services, which increases the commercial interest and competitive position of these providers.

"We are very pleased that the French government is relying on GalChimia's capabilities to develop cutting-edge, high-quality R&D projects based on state-of-the-art technology in the field of synthetic organic chemistry, which provide great value added for the pharmaceutical, agrochemical, food and cosmetic industries, "says Julie Masse, Chief Growth Officer of GalChimia.