Connecticut Innovations administers the Angel Investor Tax Credit Program, which allows angels an opportunity to receive a tax credit by investing in a Qualified Connecticut business.
Angel Investors
How to Qualify:
The program offers annual tax credits of $5 million for $20 million of investments (which is equal to a 25 percent tax credit against a Connecticut tax liability). The program runs from July 1 to June 30 of the fiscal year and expires on June 30, 2028.
The maximum investment to be made in one company cannot exceed $500,000. The maximum credit per angel investor shall not exceed $500,000 total. The credit shall be claimed in the taxable year in which such cash investment is made by the angel investor. The credit may be sold, assigned or otherwise transferred, in whole or in part.
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Step 1
Angel investor requests an application to reserve a Connecticut tax credit reservation number prior to making any cash investment into a QCB.
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Step 2
Angel investor completes the application and submits via the portal.
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Step 3
Upon approval, Connecticut Innovations sends an email to the angel investor and the QCB with the following:
1. Connecticut Angel Tax Credit Reservation Number
2. Link to the Connecticut Angel Tax Credit Voucher Request Application PortalReservation numbers are issued on a first-come, first-served basis, based on when an application is completed and accepted. The Connecticut Angel Tax Credit reservation number expires 90 days from the time it is issued.
There is an annual limit to the amount of Connecticut Angel Tax Credits to be issued in a fiscal year.
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Step 4
The angel investor and the Qualified Connecticut Business complete the Connecticut Angel Tax Credit Voucher Application after the investment in the QCB is made.
The application approval process takes 10 to 15 business days.
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Step 5
Connecticut Innovations will email the Connecticut Angel Tax Credit Voucher to the Angel Investor and the QCB.
Please note that the following are not eligible to invest:
- Venture capitalists
- Banks
- Savings and loan associations
- Trust company
- Insurance companies and similar entities whose business activities include venture capital investments
- People who control 50 percent or more of the qualified business receiving the investment
Investment / Tax Credit
$25,000 / $6,250
$50,000 / $12,500
$100,000 / $25,000
$250,000 / $62,500
$500,000 / $125,000
$1,000,000 / $250,000
$1,500,000 / $375,000
$2,000,000 / $500,000
Qualified Connecticut Business List
Affinity Esports Group, LLC
Contact:
Mark Kilpatrick
Mark Kilpatrick
mark@affinityesports.gg
203-290-1656
Business Activity: Gaming and Electronic Sports
Investment Sought: $350,000
Minimum Investment: $25,000
Maximum_investment: $350,000
Type of Qualified Security: General Partnership Interest
American Metal, LLC
Contact:
Christopher T. Bishop
Christopher T. Bishop
cbishop@americanmotorcar.com
866-566-6867
Business Activity: Handcrafted Luxury Items
Investment Sought: $80,000
Minimum Investment: $24,999
Maximum_investment: $80,000
Type of Qualified Security: Limited Partnership Interest
AMPA Biosciences, Inc.
Contact:
Hong Li
Hong Li
hong.li@ampabiosciences.com
203-645-5196
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Partnership InterestPrefererd Stock
Arcato Laboratories, Inc.
Contact:
Jeffrey Miller
Jeffrey Miller
jeff@arcatolabs.com
203-450-0163
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockEquity
Artelis Biopharma, LLC
Contact:
Rebecca Frey, Executive Chair
Rebecca Frey, Executive Chair
rfrey@artelis.bio
2034155722
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Preferred Stock
Arthronyx
Contact:
Cato Laurencin
Cato Laurencin
ti.laurencin@gmail.com
8605156421
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $250,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Partnership InterestPrefererd Stock
Aventail Therapeutics, Inc
Contact:
Samir Gautam
Samir Gautam
samir@aventailtx.com
203-928-9341
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Convertible Note
CapeHaven Holding Company, LLC
Contact:
Kevin Rakin
Kevin Rakin
Kevin.Rakin@HighCape.com
203-435-2255
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Prefererd Stock
Connecticut 1063, LLC
Contact:
Nancy Rizkallah, CFO
Nancy Rizkallah, CFO
nancy@swanston.org
312-404-3867
Business Activity: MLS Next Pro Sports Team
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,998
Type of Qualified Security: Prefererd Stock
Connecticut Sports Group, LLC
Contact:
Nancy Rizkallah, CFO
Nancy Rizkallah, CFO
nancy@swanston.org
3124043867
Business Activity: MLS Next Pro Sports Team
Investment Sought: $2,000,000
Minimum Investment: $24,999
Maximum_investment: $2,000,000
Type of Qualified Security: Prefererd Stock
CT Restore, LLC
Contact:
Felicia Sale
Felicia Sale
fsale@restore.com
917-371-5199
Business Activity: Other
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Limited Liability Partnership
Dragonfly Insurance Inc.
Contact:
Matthew Granade, CEO
Matthew Granade, CEO
matthew@dragonflyinsurance.co
203-722-4773
Business Activity: Information Technology
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: SAFE
Evergreen Interactive Programming Inc.
Contact:
Gabriel Corredor
Gabriel Corredor
gabriel.corredor@withevergreen.com
607-351-9177
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common Stock
Excellerant, Inc.
Contact:
John Carpenter
John Carpenter
John.carpenter@excellerant-mfg.com
860-870-5544
Business Activity: Information Technology
Investment Sought: $800,000
Minimum Investment: $25,000
Maximum_investment: $800,000
Type of Qualified Security: Common Stock
Gen7 Labs, Inc.
Contact:
Sam Park
Sam Park
sam.park@gen7labs.ai
8888312965
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: SAFE
Greenwich Brewing Company, LLC
Contact:
Kent Kolbig
Kent Kolbig
info@greenwichbrewco.com
203-648-2979
Business Activity: Food and Beverage Manufacturer
Investment Sought: $320,000
Minimum Investment: $25,000
Maximum_investment: $319,995
Type of Qualified Security: LLC Units
GridIron1880, LLC
Contact:
Rob Thompson
Rob Thompson
rob@gridiron1880.com
5188671117
Business Activity: Information Technology
Investment Sought: $110,000
Minimum Investment: $25,000
Maximum_investment: $110,000
Type of Qualified Security: Limited Partnership Interest
Growler Power, LLC
Contact:
Rob Zielonka
Rob Zielonka
rob.zielonka@growlerpower.com
413-219-3378
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible NoteSAFE
Kapis Biosciences, LLC
Contact:
St. John McGrath
St. John McGrath
dmcgrath@kapisbio.com
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,999
Type of Qualified Security: SAFE
Karsa Inc.
Contact:
Timothy Roy
Timothy Roy
TAR@Karsa.yoga
9178280066
Business Activity: Wellness Technology
Investment Sought: $1,100,000
Minimum Investment: $25,000
Maximum_investment: $1,100,000
Type of Qualified Security: Common StockPreferred Stock
Lending Automator, Inc.
Contact:
Stephen Kobelski
Stephen Kobelski
steve@lendingautomator.com
855-596-0900
Business Activity: Information Technology
Investment Sought: $600,000
Minimum Investment: $25,000
Maximum_investment: $600,000
Type of Qualified Security: Common StockPrefererd StockSAFE
Modern Reach LLC
Contact:
Olivia Bennett
Olivia Bennett
liv4bennett@gmail.com
914-632-0912
Business Activity: Marketing/Video/Podcasts
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: General Partnership Interest
Moxi on the Rocks
Contact:
Tomas Nenortas
Tomas Nenortas
tomas@moxiontherocks.com
860-543-2519
Business Activity: Liquor Industry
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Debt
Myoniks, Inc.
Contact:
Nishita Mirchandani
Nishita Mirchandani
nishita@myoniks.com
9145253795
Business Activity: Clean Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common Stock
Nateureka Labs, Inc.
Contact:
Zach Rome
Zach Rome
zdr@nateureka.com
2012143200
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: SAFE
NexGen Healthcare LLC
Contact:
Kayla Wooley
Kayla Wooley
kayla.wooley1@gmail.com
8609960497
Business Activity: Other
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Limited Partnership Interest
Nexys Inc.
Contact:
Michael Licamele
Michael Licamele
MLicamele@rfnc.com
2032575661
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: SAFE
OE Ventures, Inc
Contact:
Christopher Gunderson
Christopher Gunderson
cgunderson@amuletcg.com
9175756675
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockPrefererd Stock
Ommio Health, Inc
Contact:
Konstantine Drakonakis
Konstantine Drakonakis
kdrakonakis@pctrx.com
203-809-2376
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Preferred Stock
pAiback Corp.
Contact:
Jason Lucking
Jason Lucking
jason@pAiback.app
2035443691
Business Activity: Information Technology
Investment Sought: $300,000
Minimum Investment: $25,000
Maximum_investment: $300,000
Type of Qualified Security: Prefererd Stock
Personal Therapeutics, LLC
Contact:
Marc Pelletier
Marc Pelletier
marc.f.pelletier@gmail.com
216-633-6708
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $250,000
Maximum_investment: $1,999,998
Type of Qualified Security: Prefererd StockSAFE
PiroGon, Inc.
Contact:
Rigu Gupta
Rigu Gupta
rigu@pirogon.com
443-739-5714
Business Activity: Bioscience
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,999
Type of Qualified Security: Common Stock
Prestige Wash Studio South LLC
Contact:
Ethan Mercer
Ethan Mercer
ethanmercer353@gmail.com
475-236-5643
Business Activity: Car Wash
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: General Partnership Interest
Proteowise
Contact:
Erik Gunther
Erik Gunther
erikgunther@proteowise.com
203-430-4187
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Prefererd Stock
ReAbility, Inc
Contact:
Thatcher Duni
Thatcher Duni
thatcher@reabilitysolutionslicensing.com
2036234198
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockPrefererd Stock
ReadingXR LLC
Contact:
Ted Dinsmore
Ted Dinsmore
ted.dinsmore@spheregen.com
2032048100
Business Activity: Information Technology
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: Common Stock
Scalable Robotics
Contact:
Tom Fuhlbrigge
Tom Fuhlbrigge
tomf@scalablerobotics.ai
860-335-2220
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common Stock
Scalables
Contact:
Hur Koser
Hur Koser
hurkoser@scalables.com
2489713535
Business Activity: Biosciences
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockPrefererd Stock
Scrap Works, LLC
Contact:
Conor Horrigan
Conor Horrigan
conor@halffullcompanies.com
8607335831
Business Activity: Other
Investment Sought: $1,499,996
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Limited Partnership Interest
Service Insight, LLC
Contact:
Anthony Uzzo
Anthony Uzzo
anthony@serviceinsight.io
203-687-8670
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
SingleTimeMicroneedles, Inc.
Contact:
Jasdeep Singh, CEO
Jasdeep Singh, CEO
jasdeep.singh@stmpatch.com
8608470138
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockPrefererd Stock
Storry Road Pictures, LLC
Contact:
Russ McCarroll
Russ McCarroll
russmccarroll@gmail.com
9144148163
Business Activity: Type of Producer
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Membership in LLC
Stradefy Biosciences
Contact:
Brian Dixon
Brian Dixon
brian@elmvc.com
203-606-5600
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockPreferred Stock
Supersonic Limited
Contact:
Ryan O'Donnell
Ryan O'Donnell
rao@getcomp.work
8604786387
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Liability Partnership
Tessera Solutions Inc.
Contact:
Kevin Finn
Kevin Finn
kevin@mytessera.ai
8607093122
Business Activity: Information Technology
Investment Sought: $1,750,000
Minimum Investment: $250,000
Maximum_investment: $1,750,000
Type of Qualified Security: SAFE
The Corebev Group, Inc.
Contact:
Stelios Stavrianos
Stelios Stavrianos
stelios@corebev.com
203-979-0792
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: Common Stock
TM Based Nutrition, LLC
Contact:
Thea Marx
Thea Marx
tmarx@vispresurgery.com
8607580770
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Prefererd Stock
Urologic Design, LLC
Contact:
Henry Ritter
Henry Ritter
henry@urologicdesign.com
6177980613
Business Activity: Bioscience
Investment Sought: $1,250,000
Minimum Investment: $25,000
Maximum_investment: $1,250,000
Type of Qualified Security: Convertible Note
Vamos
Contact:
Nickolas Zurita
Nickolas Zurita
niko@govamos.io
2037889298
Business Activity: Information Technology
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Prefererd Stock
Victory Waves Co
Contact:
Thomas Goldenberg
Thomas Goldenberg
tom@victorywaves.com
203-507-1105
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockPrefererd Stock
contact us
Tamyra Cote
tamyra.cote@ctinnovations.com
additional resources