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Venture Debt
Pre-Seed Fund
Seed Fund
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Angel Investor Tax Credit Program

Angel Investor Tax Credit Program

Seed capital and support for your earliest ventures

What it is

Angel investors are people who invest in startups in exchange for equity. Vital to the entrepreneurial scene, they provide entrepreneurs with much-needed yet hard-to-raise seed capital. Oftentimes, they’re entrepreneurs themselves, or industry experts with a personal interest in helping you succeed.

CI administers Connecticut’s Angel Investor Tax Credit Program, which encourages angel investments by giving angels a credit against Connecticut’s state income tax when they invest at least $25,000 in qualifying businesses.

Does my business qualify?

To qualify for the Angel Investor Tax Credit Program, your business must:

  • Be engaged in bioscience, advanced materials, photonics, information technology or clean tech
  • Have gross revenues of under $1 million in its most recent income year
  • Have fewer than 25 employees (includes shareholders, members or partners active in company operations), at least 75% of whom are Connecticut residents
  • Have operated in Connecticut for less than seven consecutive years
  • Have received less than $2 million in eligible investments from angel investors

If your application is accepted, your business will be listed on our Angel Investor Tax Credit Program page, along with other qualified businesses, so that angels looking to invest can find your startup.

Find additional information here or contact CI’s Tamyra Davis.

Tamyra Davis