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Illinois Angel Investment Credit

Illinois Department of Commerce and Economic Opportunity (DCEO)IL-ANGEL
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

Illinois

About This Program

Income tax credit of 25% for individual investors in certified Illinois innovative small businesses. The credit encourages investment in high-tech startups in life sciences, manufacturing, technology, and clean energy, with a $2 million maximum credit per taxpayer.

Key Requirements & Eligibility

  • 1Investment in an Illinois DCEO-certified innovative company
  • 2Company must be a for-profit, based in Illinois, with fewer than 100 employees
  • 3Credit: 25% of qualifying investment
  • 4Maximum credit: $2 million per taxpayer
  • 5Annual statewide cap: $10 million โ€” allocate early each fiscal year

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

Official Source
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Applicable Industries

TechnologyResearch & DevelopmentClean TechnologyHealthcare
Official Source