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Biotechnology Investment Incentive Tax Credit (BIITC)

Biotechnology Investment Incentive Tax Credit (BIITC)

Offers investors in Maryland biotech firms a tax credit based on qualifying equity investment amounts.

Between cyclesMaryland Department of CommerceUnited StatesEligible in Maryland
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About

The Biotechnology Investment Incentive Tax Credit (BIITC), administered by the Maryland Department of Commerce, provides Maryland income tax credits to individuals and entities that invest in Qualified Maryland Biotechnology Companies (QMBCs). The standard credit rate is 33% of eligible investment, with a maximum of $250,000 in tax credits per investor. Higher rates apply in designated areas: 50% …

What this grant funds

Maryland income tax credits of 33–75% of eligible investment for individuals and entities investing a minimum of $25,000 in certified early-stage, Maryland-headquartered biotechnology companies.

Key facts
CycleiHow often this grant runs — e.g. annually, on a rolling basis, or a one-off call.Annual
Next deadlineiThe next date applications are due. Rolling means you can apply any time.—
Decision timeiTypical time from the deadline to the funder's decision.—
Project durationiHow long the funded work is expected to run.—
Award typeiThe form of funding — grant, equity, loan, tax credit, etc.Tax credit
Match fundingiThe share of project costs you must cover yourself. 0% = fully funded.0%
Funding pooliThe total budget available across all awards in this round.—
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Eligibility criteria

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Application process

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Last verified: 22 Jul 2026Source: commerce.maryland.gov