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NY QETC Capital Tax Credit

NY QETC Capital Tax Credit

Funds qualifying New York ventures with tax-based capital support for economic development and growth-stage expansion.

Between cyclesNY Department of Taxation and FinanceUnited StatesEligible in New York
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About

The New York Qualified Emerging Technology Company (QETC) Capital Tax Credit is a New York State income tax credit available to investors who make qualified investments in certified New York QETCs — early-stage technology companies operating in emerging technology and life sciences sectors. Unlike most R&D credits that reward the company conducting research, the QETC Capital Tax Credit rewards inv…

What this grant funds

New York State tax credit for investors who make qualified capital investments in certified Qualified Emerging Technology Companies in biotech, medtech, AI, and hardware sectors.

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: 24 Jul 2026Source: www.tax.ny.gov