Entellect Limited (ASX:ESN) expects to receive a cash reimbursement of $238,036 from the Australian Taxation Office as part of the Government’s Research and Development Tax Incentive Program.
This relates to its activities conducted in the 2013 financial year and expects to receive a further reimbursement for the 2014 financial year as part of the same program.
The refund will be used for further development of its product.
Entellect owns 80% of KneoWORLD, which is a publishing house whose business revolves around selling educational games through its KNeoWORLD Games Portal in the education by entertainment games sector.
