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Innovation Fund Tax Credit Program

Innovation Fund Tax Credit Program

Provides investors with Iowa tax credits for placing capital into certified innovation funds that back early-stage local companies.

Between cyclesIowa Economic Development AuthorityUnited StatesFocused on Iowa
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About

The Iowa Innovation Fund Tax Credit Program, administered by the Iowa Economic Development Authority, provides individual investors a 25% Iowa tax credit for equity investments made in certified Innovation Funds. These certified funds, in turn, deploy capital into early-stage Iowa businesses across sectors including advanced manufacturing, bioscience, and information technology. The total pool ava…

What this grant funds

Provides individual investors a 25% Iowa tax credit for equity investments in certified Innovation Funds that deploy capital into early-stage Iowa businesses, with $8 million available annually.

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.$8M
Funding analytics

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Eligibility criteria

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Application process

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What you have to submit

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Last verified: 24 Jul 2026Source: opportunityiowa.gov