Angel Tax Credit

This program is fully subscribed. New applications will commence on July 1, 2021.

For Investors

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.

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).

For Companies

Connecticut Innovations administers the Angel Investor Tax Credit Program, which provides companies with another way to incentivize angels to invest in their companies.

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 cap is $20 million in investments for fiscal year ending June 30.

Interested applicants must complete and execute the Qualified Connecticut Business Application. The application along with all documents requested under Part E of the application and the nonrefundable application fee of $250 must be submitted to Connecticut Innovations, Inc.

Request Qualified Connecticut Business Application here.