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NY Life Sciences R&D Credit

NY Life Sciences R&D Credit

Funds New York life sciences companies with tax credits that support innovation with high patient impact potential.

Between cyclesEmpire State DevelopmentUnited StatesEligible in New York
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About

The New York Life Sciences R&D Credit is a state-level tax incentive designed to reduce the effective cost of research and development activities for qualifying life sciences companies operating in New York. Administered jointly by Empire State Development (ESD) and the New York State Department of Taxation and Finance (DTF), the program targets new or early-stage life sciences companies — biotech…

What this grant funds

New York State tax credit for new life sciences companies conducting qualifying R&D in New York, administered jointly by Empire State Development and the NY Department of Taxation and Finance.

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.—
Funding analytics

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Industries

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Eligibility criteria

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Last verified: 22 Jul 2026Source: esd.ny.gov