Vection Technologies: Receives $300k in fiscal credits
- Vection Technologies (VR1) has also received a $300,000 receipt in research and development (R&D) fiscal credits for its overseas spending
- These fiscal credits represent a significant milestone in Vection’s capital initiative strategy to secure a stronger cash position for future growth
- Now that approval has received, Vection can claim up to $300,000 in fiscal credits
- This strong cash position, above $1.5 million, will also ensure a robust framework for future growth
- Vection is now progressing with the finalisation of its European Commission Grant, and its Italian Government and Commercial loans
- Vection is up a slight 3.7 per cent and shares are trading for 2.8 cents each
