Connecticut Angel Investor Tax Credit Program (CI)

A program that allows Angel Investors and business to take a credit against Connecticut State income tax for certain investments made in qualifying businesses.

What's the value to me?

If you are in the industries of bioscience; advanced materials; photonics; information technology or clean technology and are looking to be registered on a list that allows for angel investors to take a tax credit on an investment in your company.

Description & Overview

A program that allows Angel Investors to take a credit against Connecticut State income tax for certain investments made in qualifying businesses. Connecticut Innovations, Inc. administers this program on behalf of the State of Connecticut.

Services

Investments must be at least $25,000 in order to be considered under the program and the income tax credit equals 25% of the cash investment, up to a maximum credit of $250,000.

Criteria

  • Its principal place of business being in Connecticut
  • Must be engaged in one of the following business areas: bioscience; advanced materials; photonics; information technology or clean technology.gross revenues under $1 million in its most recent income year
  • Must have fewer than 25 employees (includes shareholders, members, or partners active in company operations), at least 75% of whom are Connecticut residents
  • Must have operated in Connecticut for less than seven consecutive years Must have received less than $2 million in eligible investments from angel investors.

Phases:

Business Model Discovery / Validation
Launch

Related Capital / Funding