SPECIALTY FINANCE

R&D Tax Credit

Turn Your Unused R&D Tax Credits Into Capital

Turn Your Unused R&D Tax Credits Into Capital

Cenet Capital purchases transferable state R&D tax credits outright, converting credits you can't use into cash currently operating in New Jersey and Pennsylvania, with other transfer-eligible states reviewed case by case.

What We Do

Two States. One Direct Buyer for Your R&D Tax Credits.

Two States. One Direct Buyer for Your R&D Tax Credits.

PA R&D Credit · Awarded

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You

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Pennsylvania

PA R&D Tax Credit

We buy awarded Pennsylvania R&D tax credits directly as the principal, not a broker, and manage the state sale approval paperwork through close.

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New Jersey

NJ R&D Tax Credits

We buy unused New Jersey R&D tax credits sold through the NJEDA Technology Business Tax Certificate Transfer Program, from application to funding.

Primary Focus

The R&D Tax Credits We Buy.

Transfer-eligible R&D credits in other states are reviewed on a case-by-case basis.

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PA R&D Tax Credit

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NJ R&D Tax Credits

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Multi-Year Awards

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Other States

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PA R&D Tax Credit

Awarded Pennsylvania research and development tax credits, purchased once the state approves the sale.

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NJ R&D Tax Credits

Unused New Jersey R&D credits sold through the NJEDA Technology Business Tax Certificate Transfer Program.

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Multi-Year Awards

Credits awarded across several tax years, reviewed and priced together in a single purchase.

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Other States

Transferable R&D credits in other states, reviewed case by case against each state’s transfer rules.

Who Qualifies

Built for companies earning credits faster than they can use them. 

Pre-revenue and early-stage companies in software, biotech, life sciences, and advanced manufacturing often earn state R&D credits years before they owe enough tax to use them. If you hold awarded Pennsylvania or New Jersey R&D credits you can’t absorb, Cenet can buy them and turn them into working capital now.

Process

From Award to Funding

Submit

Share your award or certificate details — no obligation.

Review

We confirm the award, amount, and transfer rules.

Offer

We send a firm price for a direct purchase of your credits.

Close & Fund

We handle the state sale approval and fund at closing.

COMMON QUERIES

Answers on eligibility, pricing, timing, and how state approval works when you sell R&D tax credits to Cenet.

Everything you need to know about selling your R&D Tax Credits.

Which R&D tax credits do you buy?

We buy awarded Pennsylvania R&D tax credits and unused New Jersey R&D tax credits sold through the NJEDA Technology Business Tax Certificate Transfer Program. Credits from other states that allow transfers are reviewed case by case.

How much do you pay for R&D tax credits?

Who can sell R&D tax credits?

How long does a sale take?

Do you handle the state paperwork?

Which R&D tax credits do you buy?

We buy awarded Pennsylvania R&D tax credits and unused New Jersey R&D tax credits sold through the NJEDA Technology Business Tax Certificate Transfer Program. Credits from other states that allow transfers are reviewed case by case.

How much do you pay for R&D tax credits?

Who can sell R&D tax credits?

How long does a sale take?

Do you handle the state paperwork?

  • Yesterdays Paper

A curated repository of technical frameworks, model benchmarks, and strategic guides for leaders navigating the integration of custom neural architectures.

  • Yesterdays Paper

A curated repository of technical frameworks, model benchmarks, and strategic guides for leaders navigating the integration of custom neural architectures.

Cenet Capital was founded in on a simple premise: public markets price in consensus faster than they price in research. A small team built a trading book around that idea concentrated, thesis-driven, willing to be early.

Follow Us:

Cenet Capital was founded in on a simple premise: public markets price in consensus faster than they price in research. A small team built a trading book around that idea concentrated, thesis-driven, willing to be early.

Follow Us:

Cenet Capital was founded in on a simple premise: public markets price in consensus faster than they price in research. A small team built a trading book around that idea concentrated, thesis-driven, willing to be early.

Follow Us: