News
Minnesota angel investment tax credit off to a strong start
It’s been a tough slog for early stage capital, lately.
Affinity Capital Management and Triathlon Medical Ventures have suspended efforts to raise a $10 million seed fund in Minnesota. And the $1 billion fund biotech investor Steve Burill promised to raise for the Elk Run BioBusiness Park two years ago has yet to materialize. (Burrill has reportedly lowered his goal to $250 million, which is still a lot of money.)
But alas, there is some good news (for a change)! The state Department of Employment and Economic Development (DEED) has awarded $573,000 in tax credits during the first full month of Minnesota’s shiny new angel investment tax program.
Full Story: http://www.medcitynews.com/2010/08/minnesota-angel-investment-tax-credit-off-to-a-strong-start/
MATR Supporters (view all)
Sorry, we couldn't find any posts. Please try a different search.