177: Lloyd Lobo Reveals How to Quickly Secure R&D Tax Credits for Funding Business Innovation with Boast.AI


This Episode is Sponsored By:


Every U.S. Dollar in Research & Development (R&D) tax credit yields $20 in new economic activity. With that kind of return, why don’t more small businesses take advantage of these tax credits? Answering that question is what led Lloyed Lobo on his fintech journey.

With a background in software engineering, Lloyed was already familiar with technology companies and enjoyed a successful career leading sales and marketing teams as well as being a serial entrepreneur. One venture was Boast Capital – a consulting firm focused on securing R&D tax credits for businesses. That’s when the answer to the unclaimed tax credit question became clear – the reason more than $200 billion USD goes unclaimed globally each year to fund innovation is because of the slow, archaic application-to-funding process. This led to the development of Boast.AI, a software designed to automate the tax credit application process so companies can get more money faster and with reduced audit risk.

In this episode, Lloyed not only shares how you can use Boast.AI to fund your small business’ innovation, but he also gives insights on how he and his team built this successful tech startup. Discover the business infrastructure they designed to support rapid growth not only in their customer base but also in their employee base – an increase from 30 to 100 in just five months! As a bonus, you’ll also learn Lloyed’s four stages for building a startup as well as the ingredients for his scale recipe: customer-centricity, community, and relentless prioritization.

If you want to know how you can claim R&D tax credits to fund your company’s growth and how to scale that growth sustainably, then you don’t want to miss this episode!

Special Guest: Lloyed Lobo, Co-Founder & President – Boast.AI

Location: San Francisco Bay Area, California

Air Date: November 28, 2021



  • Boast.AI: the website home to the financial technology company revolutionizing the preparation and defending of R&D tax credits.
  • Boast.AI’s blog: a collection of articles from Boast offering tips and tactics for business growth, funding, and R&D tax credits.
  • TractionConf.io:
  • Traction: “Boast.AI’s community of +100k innovators that brings leaders from the fastest growing companies to share learnings on building, growing, and scaling companies.”
  • Fiverr: a digital marketplace matching freelance service providers with potential customers.


  • Asana: a web-based project and task management tool designed to help teams better organize, track, and manage their work.
  • Trello: a web-based app to organize and prioritize work and projects with remote teams.
  • Jira: a suite of work management software products covering requirements and test case management to agile software development.
  • Slack: a communication app ideal for remote teams that offers the ability to organize work updates by topic, private groups, and direct messaging.
  • Zoom: a web-based tool that offers audio and video recording of webinars, conference calls, presentations, meetings, and more.  Also includes screen sharing for enhanced collaboration.
  • Google Hangouts: Google’s free phone app that enables users to communicate via video call, phone, or messaging.
  • Hubspot: CRM software products for marketing and sales.
  • Salesforce: a cloud-based, integrated Customer Relationship Management (CRM) software that brings companies and customers together.
  • Quickbooks: an accounting software by Intuit designed for small businesses offered as cloud-based or downloadable software.
  • Sage: an accounting software that also offers bookkeeping and financial management services for small businesses.
  • Gusto: a cloud-based payroll, benefits, and human resource management software for American businesses.
  • ADP: human resources and payroll management software for small businesses.



Subscribe to Traction, Boast.AI’s YouTube Channel


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  • Writer, Producer & Host: Alicia Butler Pierre
  • Podcast Editor: Olanrewaju Adeyemo
  • Video Editor: Gladys Jimenez
  • Transcription: Jodie Maquiran
  • Sponsors: ThinkSmart Whiteboard, CavnessHR


More About Guest, Lloyed Lobo:
Lloyed Lobo is the Co-Founder and President of Boast.AI, a fintech platform that automates access to billions in R&D tax credits and government funding to help innovative companies fuel their growth. Lloyed also runs Traction, Boast.AI’s community of +100k innovators that brings leaders from the fastest growing companies to share learnings on building, growing, and scaling companies via weekly webinars, regular meetups, and conferences. Lloyed has been covered in Forbes, TechCrunch, Fox Business, and VentureBeat, and has been featured on reputed podcasts such as Entrepreneurs on Fire, Leveling Up, and Rocketship.fm.


More About Host, Alicia Butler Pierre:
Alicia Butler Pierre is the Founder & CEO of Equilibria, Inc. Her career in operations began over 20 years ago while working as an engineer in various chemical plants and oil refineries. She invented the Kasennu™ framework for business infrastructure and authored, Behind the Façade: How to Structure Company Operations for Sustainable Success.  It is the world’s first published book on business infrastructure for small businesses. Alicia hosts the weekly Business Infrastructure podcast with a global audience across 53 countries.


More About Sponsor, ThinkSmart Whiteboard:
Thinksmart Whiteboard is a Windows App that turns your Tablet PC into a shared whiteboard. It allows you to create a whiteboard on your computer screen, then allows other people to write onto your whiteboard, even if they are in another location! Learn more.

More About Sponsor, CavnessHR:
CavnessHR delivers HR to companies with 49 or fewer people through a voice enabled AI platform along with access to a dedicated HR Business Partner. We do this while taking care of our own employees and customers, maintaining transparency, utilizing active listening, practicing empathy, and being valued members of our communities.


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