Angel Investor
Tax Credit Program

How to Qualify

You can participate in the Angel Investor Tax Credit Program if you meet the definition of an accredited investor, or a network of accredited investors. *Your investment of $25,000 to $2,000,000 qualifies you for a 25 percent credit on your state income tax. To be eligible, you must invest in a Qualified Connecticut Business (QCB).

Two – Step Approval Process:

  • First: Ask for a Tax Credit Reservation Number
    Reservation numbers are issued on a first-come, first-served basis, based upon when we receive your completed form. You will be notified of this approval by email. The process takes five to seven business days from the date we receive your application. Your reservation number will allow you to move forward with your investment transaction. It will expire 45 days from its issuance. Note: There is an annual limit to the amount of tax credits that CI can issue, so timeliness is crucial. Once you receive the number, you’re ready to invest.
  • Second: Register for an Angel Tax Credit Certificate
    All documents requested must be included with the form when it is submitted to CI. Once received, CI will process the request and issue the tax credit authorization document.

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

‘Merican Mule
Contact:
Dean Mahoney
dean@mericanmule.com
562-355-8550
Business Activity: Other
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Partnership InterestPreferred StockSAFE
Allyx Therapeutics, Inc.
Contact:
Stephen M. Strittmatter
stephen.strittmatter@yale.edu
203-530-7208
Business Activity: Bioscience
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Convertible Note
Arsome Health
Contact:
Clifford Schorer
cjs24@columbia.edu
917-601-0770
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Limited Partnership Interest
Astrocyte Pharmaceuticals Inc.
Contact:
William Korinek
korinek@astrocytepharma.com
617-444-8765
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Preferred Stock
Athena Therapeutics
Contact:
Ranjit Bindra
ranjit.bindra@athenatherapeutics.com
203-584-0924
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockConvertible Debt
Bactana Corp.
Contact:
John A. Kallassy, CEO
john@bactana.com
203-716-1230
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible DebtPreferred Stock
Beeotto, LLC
Contact:
Robert M. Errato
boberrato@gmail.com
203-494-5141
Business Activity: Other
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Class B Unit Owner LLC
Bofill Strauss
Contact:
Steven Bofill
sbofill@bofillstrauss.com
516-361-9751
Business Activity: Other
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Common StockPreferred Stock
Bonde Innovations, LLC
Contact:
Michael Theran
mtheran@corismacv.com
203-506-5025
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Business Networks Research, LLC
Contact:
Christopher Woods
chris@whoworkswith.me
203-216-6894
Business Activity: Information Technology
Investment Sought: $1,435,000
Minimum Investment: $25,000
Maximum_investment: $1,435,000
Type of Qualified Security: Limited Partnership Interest
Cleanse, LLC
Contact:
Chris Allen
chrisintheoffice@comcast.net
860-490-2667
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: General Partnership Interest
CoreChain Technologies, Inc.
Contact:
Chris Aguas, CEO
chris@corechainb2b.com
203-227-8015
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Convertible DebtPreferred Stock
Crunched, Inc.
Contact:
Christopher Reims
creims@crunched.io
617-960-0778
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible DebtPreferred Stock
Cytosolix, Inc.
Contact:
John C. Deacon
John@Cytosolix.com
510-691-9533
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockConvertible DebtPrefererd Stock
CytoVeris, Inc.
Contact:
Alan D. Kersey
akersey@cytoveris.com
860-657-6947
Business Activity: Biosciences
Investment Sought: $1,900,000
Minimum Investment: $25,000
Maximum_investment: $600,000
Type of Qualified Security: Preferred Stock
db Diagnostics, Inc.
Contact:
Steven B. Levine
slevine@dbdsys.com
203-404-3200
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Convertible Debt
DICOM Director, LLC
Contact:
David Pearlstone
David.pearlstone@dicomdirector.com
203-507-2651
Business Activity: Information Technology
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $350,000
Type of Qualified Security: Convertible Debt
Did U Remember To LLC
Contact:
Robert Unnold
runnold@DidURememberTo.com
203-359-8641
Business Activity: Information Technology
Investment Sought: $600,000
Minimum Investment: $25,000
Maximum_investment: $600,000
Type of Qualified Security: Limited Partnership Interest
Energea Global, LLC
Contact:
Marta Coehlo
marta@energea.com
860-316-7466
Business Activity: Clean Technology
Investment Sought: $1,999,000
Minimum Investment: $25,000
Maximum_investment: $1,999,000
Type of Qualified Security: Limited Partnership Interest
Enrich Therapeutics
Contact:
Dong Wang
investors@enrichtx.com
203-687-7537
Business Activity: Bioscience
Investment Sought: $75,000
Minimum Investment: $25,000
Maximum_investment: $75,000
Type of Qualified Security: Convertible Debt
Enviro Power, LLC
Contact:
Michael Cocuzza
mcocuzza@enviropower.com
860-206-2104
Business Activity: Clean Technology
Investment Sought: $400,000
Minimum Investment: $25,000
Maximum_investment: $100,000
Type of Qualified Security: Convertible Debt
EvolveImmune Therapeutics Holding Company LLC c/o Canaan Partners
Contact:
Stephen Bloch
Stephen.bloch@evolveimmune.com
203-858-7389
Business Activity: Bioscience
Investment Sought: $250,000,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Preferred Stock
Fintron Invest, LLC
Contact:
Wilder Rumpf
Wilder@fintroninvest.com
845-559-7092
Business Activity: Other
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Equity
Fitscript, LLC
Contact:
Matt Walton
matt.walton@fitscript.com
203-680-3535
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Convertible Debt
Fracxion Software LLC
Contact:
Frank Festini
frank@fracxion.com
203-256-8235
Business Activity: Information Technology
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common StockGeneral Partnership InterestLimited Partnership Interest
futuresThrive LTD
Contact:
Wendy Ward
wendybward@gmail.com
203-829-5676
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Preferred Stock
Gemshelf Inc.
Contact:
Colin Kennedy
colin@shelf.io
201-207-7205
Business Activity: Information Technology
Investment Sought: $875,000
Minimum Investment: $25,000
Maximum_investment: $875,000
Type of Qualified Security: Convertible DebtPrefererd Stock
Halda Therapeutics, LLC
Contact:
Scott Phillips
scott.phillips@haldathera.com
860-655-8653
Business Activity: Bioscience
Investment Sought: $650,000
Minimum Investment: $25,000
Maximum_investment: $650,000
Type of Qualified Security: Preferred Stock
Inkwell
Contact:
Manon DeFelice
manon@inkwell.co
781-608-3700
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Units
Kinaptic, LLC
Contact:
John Daniels
john.daniels@kinaptic.com
860-424-1228
Business Activity: Bioscience
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Limited Partnership Interest
LambdaVision Incorporated
Contact:
Nicole Wagner
nicole.wagner508@gmail.com
860-679-2558
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Common StockPreferred Stock
Landsdowne Labs LLC
Contact:
Melissa Fensterstock
melissa@landsdownelabs.com
201-370-7591
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Prefererd Stock
LobsterCraft Holdings, LLC
Contact:
Tom Gordon
gords@optonline.net
203-919-0910
Business Activity: Other
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
Lumeda, Inc.
Contact:
Trevor MacDougall
trevorm@lumedainc.com
860-982-9588
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Preferred Stock
Mitchell Woods Pharmaceuticals, LLC
Contact:
Mark Farber, CEO
markfarber@mitchellwoods.com
203-258-1035
Business Activity: Bioscience
Investment Sought: $1,150,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
My Gene Counsel, LLC
Contact:
Ellen Matloff, President
ellen@mygenecounsel.com
203-314-2532
Business Activity: Bioscience
Investment Sought: $1,200,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
NeuralFrame, Inc.
Contact:
Kevin Scanlon
Kevin.scanlon@neuralframe.com
203-826-2900
Business Activity: Bioscience
Investment Sought: $1,999,999
Minimum Investment: $25,000
Maximum_investment: $1,999,999
Type of Qualified Security: Preferred Stock
Nucleus 195, LLC
Contact:
Mehdi Sunderji
mehdi.sunderji@nucleus195.com
203-520-6148
Business Activity: Information Technology
Investment Sought: $1,170,000
Minimum Investment: $25,000
Maximum_investment: $1,170,000
Type of Qualified Security: Common Stock
OdinText
Contact:
Jennifer Cristo
Jennifer@odintext.com
888-891-3115
Business Activity: Other
Investment Sought: $1,300,000
Minimum Investment: $25,000
Maximum_investment: $1,300,000
Type of Qualified Security: Preferred Stock
OmniCyte, LLC
Contact:
Peter Leonardi, CEO
peter.leonardi@omnicyte.com
917-439-7479
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
Oui Therapeutics
Contact:
Seth Feuerstein
seth@ouitherapeutics.com
203-927-0971
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Convertible Preferred Note
Petmasters LLC
Contact:
Michael Caldwell
mcaldwell@petmasters.com
203-450-6597
Business Activity: Information Technology
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Stock
Phlatbed Inc.
Contact:
Alani Kuye
alani.kuye@phlatbed.com
203-424-1048
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: Common Stock
PiC20 Group, LLC (Trade name Ranger Ready Repellents)
Contact:
Chris L. Fuentes
Chris@PiC-20.com
203-409-1803
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: LLC Interest
Propria LLC
Contact:
Stephanie Jacoby
Stephanie.jacoby@PropriaBio.com
475-221-8634
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
ProteoWise
Contact:
Erik Gunther
erik.gunther@yale.edu
203-430-4187
Business Activity: Bioscience
Investment Sought: $1,380,000
Minimum Investment: $25,000
Maximum_investment: $1,380,000
Type of Qualified Security: Preferred Stock
Protos Biologics, Inc.
Contact:
Daniel Caron
dcaron@protosbio.com
203-623-2971
Business Activity: Bioscience
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
Quercus Molecular Design, LLC
Contact:
Lee Wright, CEO
lwright@quercusmoleculardesign.com
415-902-3256
Business Activity: Bioscience
Investment Sought: $250,000
Minimum Investment: $25,000
Maximum_investment: $250,000
Type of Qualified Security: Profit Interest Units
Quigler, Inc.
Contact:
Dan Nadav
DNadav@enviropowertec.com
203-570-5477
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $750,000
Type of Qualified Security: Prefererd Stock
Quiver Spirits, LLC
Contact:
Tomas Nenortas
quiver@quiverspirits.com
860-543-2519
Business Activity: Liquor Industry
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $450,000
Type of Qualified Security: Limited Partnership Units
Rallybio Holdings, LLC
Contact:
Jeff Fryer
jfryer@rallybio.com
203-859-3820
Business Activity: Bioscience
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Real Grader, Inc.
Contact:
Daniel Radu
dan@realgrader.com
203-247-3697
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible NoteSAFE
Realty Automation Labs
Contact:
Chris Penner
chris@solutionx.llc
203-500-3227
Business Activity: Information Technology
Investment Sought: $1,650,000
Minimum Investment: $25,000
Maximum_investment: $1,650,000
Type of Qualified Security: Common StockLimited Partnership InterestPreferred Stock
Revamp Consortium
Contact:
Olamide Adeniyi
Olamide.adeniyi@revampconsortium.com
832-446-8642
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockPreferred Stock
RevMedica, Inc.
Contact:
Thomas Wenchell
tom@revmedica.com
203-722-8381
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred Stock
Rewirement Media, LLC
Contact:
Mike Boissonneault
mikeboissy@rewirementmedia.com
860-919-8147
Business Activity: Information Technology
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
Rindle, LLC
Contact:
Brian Faust, CEO
brian@rindle.com
551-482-2037
Business Activity: Information Technology
Investment Sought: $1,917,867
Minimum Investment: $25,000
Maximum_investment: $1,917,867
Type of Qualified Security: Prefererd Stock
Sarah Easley dba Maison Marche
Contact:
Sarah Easley
sarah@saraheasley.com
917-562-7418
Business Activity: Other
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common Stock
Savkar, Inc.
Contact:
Amit Savkar
amit.savkar@uconn.edu
860-985-2239
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockPreferred StockSAFEConvertible Stock
SchoolSuite, LLC
Contact:
Hilary Mueller
hilary@schoolsuitesoftware.com
800-671-1905
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Limited Partnership Interest
Seir Hill, LLC
Contact:
Brian D. Miller
brian@seirhill.com
203-984-1091
Business Activity: Other
Investment Sought: $450,000
Minimum Investment: $25,000
Maximum_investment: $450,000
Type of Qualified Security: Common Stock
Service Insight, LLC
Contact:
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
Shop Tomorrows (Relovd, Inc.)
Contact:
Haley Lieberman
Haley@Relovd.com
917-734-2950
Business Activity: Information Technology
Investment Sought: $225,000
Minimum Investment: $25,000
Maximum_investment: $225,000
Type of Qualified Security: Convertible Note
Shoreline Biome
Contact:
Thomas Jarvie
thomas.jarvie@shorelinebiome.com
203-619-4083
Business Activity: Bioscience
Investment Sought: $1,000,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Prefererd Stock
Suretys LLC
Contact:
Josh Minsky
josh@suretys.com
347-405-1292
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Common StockPreferred Stock
Tastes Natural, LLC
Contact:
Henry Schaffer
hschaffer@tastesnatural.com
203-942-2688
Business Activity: Other
Investment Sought: $800,000
Minimum Investment: $25,000
Maximum_investment: $800,000
Type of Qualified Security: Convertible Note
TecKnow, LLC
Contact:
Mike Peroni
mike@tecknow.me
203-832-5669
Business Activity: Clean Technology
Investment Sought: $200,000
Minimum Investment: $25,000
Maximum_investment: $200,000
Type of Qualified Security: Common StockPreferred StockOptions/Warrants
The Feel Good Lab, LLC
Contact:
Kyle Fitzpatrick
kyle@thefeelgoodlab.com
310-795-9936
Business Activity: Bioscience
Investment Sought: $150,000
Minimum Investment: $25,000
Maximum_investment: $150,000
Type of Qualified Security: Limited Partnership Interest
The Hangout Spot, LLC
Contact:
Meghan Cave
Meghan.m.cave@gmail.com
203-273-0503
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: SAFE
Torigen Pharmaceuticals, Inc.
Contact:
Ashley Kalinauskas
a.kalinauskas@vetivax.com
860-519-9956
Business Activity: Bioscience
Investment Sought: $1,250,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Preferred StockConvertible Debt
Unisoft Medical Corporation
Contact:
Stacey duBell Mileti
smileti@unisoftmedical.com
860-307-8734
Business Activity: Bioscience
Investment Sought: $1,150,000
Minimum Investment: $50,000
Maximum_investment: $1,000,000
Type of Qualified Security: SAFE
Upright Oats
Contact:
Thu Ra
Thu.ra@yale.edu
319-300-4473
Business Activity: Other
Investment Sought: $500,000
Minimum Investment: $25,000
Maximum_investment: $500,000
Type of Qualified Security: SAFE
Wattifi
Contact:
Erik Bartone
Erik.bartone@wattifi.com
860-828-8700
Business Activity: Other
Investment Sought: $1,750,000
Minimum Investment: $25,000
Maximum_investment: $1,750,000
Type of Qualified Security: Common Stock
Westport Renewables, LLC
Contact:
Roop Bhullar
rbhullar@dwell.co
917-226-0316
Business Activity: Information Technology
Investment Sought: $2,000,000
Minimum Investment: $25,000
Maximum_investment: $2,000,000
Type of Qualified Security: Membership Units
Xborders
Contact:
Glen Levin
glevin@xborders.com
203-246-9656
Business Activity: Information Technology
Investment Sought: $1,200,000
Minimum Investment: $25,000
Maximum_investment: $1,200,000
Type of Qualified Security: Convertible Note
Zatoichi Co
Contact:
David Noble
avid@gunclear.io
336-772-3358
Business Activity: Information Technology
Investment Sought: $1,500,000
Minimum Investment: $25,000
Maximum_investment: $1,500,000
Type of Qualified Security: Common StockConvertible DebtPreferred Stock
Zorus, Inc.
Contact:
Najaf Raza, COO
nraza@zorustech.com
888-428-2343
Business Activity: Information Technology
Investment Sought: $750,000
Minimum Investment: $25,000
Maximum_investment: $1,000,000
Type of Qualified Security: Convertible Debt
application

Request Business Application

Submit to:
Connecticut Innovations, Inc.
470 James Street, Ste 8
New Haven, CT 06513
Attn: Stepheni Harpin