# Blog

Notes on funding, IP, and the economics of deep-tech R&D.

- 2026-06-21 — [Refundable vs Non-Refundable R&D Credits: Why It Decides Your Runway](/blog/refundable-vs-non-refundable-rd-credits) — For a pre-revenue deep-tech company, the difference between a refundable and a non-refundable R&D credit is the difference between cash this year and a benefit you may not see for years. Here's why it matters.
- 2026-06-21 — [The R&D Test Everyone Gets Wrong: Technical Risk, Not Market Risk](/blog/technical-risk-not-market-risk) — The most common reason deep-tech R&D claims get challenged isn't fraud — it's confusing technical uncertainty with commercial uncertainty. The distinction is simple, and it decides what you can claim.