Angel Investor Tax Credit Program - Connecticut Innovations Connecticut Innovations

Snapshot

Companies that meet the requirement of a Qualified Connecticut Business can be listed on a program website, making it easy for angel investors to find them.

What You Get

CI lists companies that meet the requirements of a Qualified Connecticut Business on its website to make it easy for angel investors to find them. Angels receive a state tax credit when they invest at least $25,000 in qualifying businesses. If you invest in a Qualified Connecticut Business startup, you will receive a tax credit (see chart below for investment and tax credit amounts).

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

Seed capital can be difficult to raise. Angels meet that need: They are willing to invest in startups in exchange for an equity share of the business.

CI administers the state’s Angel Investor Tax Credit Program, which gives angels a credit against Connecticut’s state income tax when they invest at least $25,000 in qualifying businesses. If you qualify, your business will be listed on our website so that angels looking to invest can find your startup. 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.