Home > Business models, Economic Development, Government, Startup, University, Venture capital > Minnesota Passes Angel Tax Credit for High-tech Newcos

Minnesota Passes Angel Tax Credit for High-tech Newcos

The Minnesota “Small Business Tax Investment Credit,” which was just signed into law, is expected to contribute more than $50 million in tax credits over five years.

“The law will reward “angel” investors with a 25-cent tax credit for every dollar invested. Under the law’s definition, these investors are backers of specific [high-tech] businesses that are less than 10 years old.”

From the U. of Minn tech-transfer perspective:

“It will make it easier to finance startup companies that are formed to commercialize University technology,” said Doug Johnson, director of the University’s Venture Center within the Office for Technology Commercialization.”

Minnesota Approves Investment Tax Credit [read more]
University of Minnesota – Open for Business [read more]

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