The RVO assesses WBSO applications based on several criteria: Innovation Level: The project must demonstrate a high degree of technological innovation and advancement. Technical Challenges: The project should involve substantial technical challenges and uncertainties that require investigation or experimentation. Feasibility: The feasibility of achieving the project objectives within the proposed timeline and budget. Systematic Approach: The project must have a clear methodology, and the R&D activities must be documented in detail. Documentation Quality: High-quality and complete documentation is crucial for a successful application.

Discover the criteria used by the RVO to assess WBSO applications, including innovation level, technical challenges, feasibility, systematic approach, and documentation quality.

Criteria for Assessing WBSO Applications

After the RVO completes its assessment of your WBSO application, you will receive a decision: Approval: If your application is approved, you will receive an S&O declaration outlining the approved project and the associated tax benefits. Rejection: If your application is rejected, the RVO will provide reasons for the rejection and guidance on how to improve your application for resubmission. Appeal Process: If you disagree with the decision, you have the right to appeal, and instructions will be provided on how to proceed. Proper preparation and adherence to guidelines can greatly enhance your chances of receiving a positive decision.

Learn about what happens after the assessment of your WBSO application, including receiving the decision, potential approval or rejection, and the appeal process.

Receiving the Decision on Your WBSO Application

Once you have submitted your WBSO application, the following steps occur: Acknowledgment: You will receive an acknowledgment from the RVO confirming the receipt of your application. Initial Review: The RVO will conduct an initial review to ensure all required information and documentation are provided. If your application is incomplete, you will be given one opportunity to provide the missing information. Detailed Evaluation: A detailed evaluation of the technical and financial aspects of your project will be conducted. Advisors with knowledge of your field will assess whether your project qualifies as R&D under the WBSO criteria. Approval & Benefits Period: If your application is approved, the WBSO benefits will be applied for the duration specified in the decision letter. Audit Risk: The RVO may audit your project to ensure compliance with WBSO rules.

Learn about the steps involved in the assessment and approval process of your WBSO application, including acknowledgment, initial review, and detailed evaluation.

Assessment and Approval