How much funding does Biotechnology Investment Incentive Tax Credit (BIITC) provide?

Funding amounts vary. Check the grant details for specifics.

When is the deadline for Biotechnology Investment Incentive Tax Credit (BIITC)?

The funder has not published a deadline for this grant.

Who is eligible for Biotechnology Investment Incentive Tax Credit (BIITC)?

Eligible applicants: For-profit businesses; Individuals. Geography: Maryland.

Biotechnology Investment Incentive Tax Credit (BIITC)

Maryland Department of Commerce

State Grants for Startups Small Business Grants

Funding Amount

Varies

Deadline

Deadline not published

Grant Type

State

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Eligible organizations

For-profit businesses
Individuals
For-Profit, Individuals

Geography

Maryland

Overview

Provides tax credits to investors who invest in qualified Maryland biotechnology companies, helping biotech startups attract private capital. BIITC provides refundable income tax credits to eligible investors in Qualified Maryland Biotechnology Companies (QMBC) equal to 33% or 50% of an eligible investment in a QMBC, up to $250,000 or $500,000 in tax credits.

Details

Agency: Maryland Department of Commerce
Application Due: Two different forms are due in August and September. See website for dates.
Financial Assistance: Tax Credit