Page 129 - Innovation Delaware 2019

Damian DeStefano, Division of Small Business Director
99 Kings Highway Dover, DE 19901 302-739-4271
www.delbiz.com
Have a great high-tech business idea? Find investors looking to help fund your dream.
Want to invest in young companies full of potential and receive a significant tax break? Connect with businesses that could offer the perfect chance to do both.
The Delaware Angel Investor Tax Credit is the state’s newest way to help grow companies, investment portfolios and, most importantly, Delaware’s economy.
The program provides early stage companies with a potential source of capital to help secure their success.
To qualify a company must*:
• Be headquartered in Delaware
• Use proprietary technology to add value to a product, process or service in a qualified area, or research or develop a proprietary product or process in a qualified field
• Be in operation for less than 10 years
• Have fewer than 25 employees
• Use the investment for qualified expenditures
*See complete list of requirements at www.delbiz.com
Investors can receive a refundable state tax credit worth 25 percent of their investment (minimum - $10,000 for individuals, $30,000 for funds) in qualified companies in fields including: Biotech, Fintech, Information technology, Renewable Energy.
The innovative program is garnering national attention. The Milken Institute gave Delaware the #7 ranking on its recent State Technology and Science Index, specifically noting the new tax credit.
To learn more about and to apply for the program, administered by the Division of Small Business, an agency of the Department of State, visit www.delbiz.com.
LEADERS IN INNOVATION
INNOVATION DELAWARE 127
Delaware Angel Investor Tax Credit
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