We'll conclude with our suggestions. First, we'd like to present the need for efforts aimed at reducing ambiguity in defining and qualifying clean technology. We address this first as we believe the other policy instrument suggestions we have are predicated on the necessity for existing and new innovations to be clearly categorized as clean technology in a scientific, objective, and non-biased manner. Government assistance in qualifying clean technology will also assist technology developers by providing additional legitimacy to our technology, something especially useful in foreign markets.
Second, we'd like to present the expansion of the current SR and ED program to include a special designation for a pre-qualified clean technology and then apply a nominal premium, perhaps 4% to 5%, to related SR and ED expenses. Not only would this provide incentive and assistance for the development of new clean technology initiatives, but it would effectively utilize an existing government policy instrument to promote and drive clean technology advancement.
We would like to ask this committee to consider the value of expanding the existing SR and ED program to include commercialization incentives. As we already know, SR and ED currently applies to investments related only to R and D. Tax incentives around investment in the commercialization of new clean technology would increase both the success and the speed of market adoption.