Biotechnology Investment Incentive Tax Credit (BIITC)
Provides income tax credits to investors backing early-stage biotechnology companies headquartered in Maryland.
About
The Biotechnology Investment Incentive Tax Credit, or BIITC, sits under the Maryland Department of Commerce and helps early-stage biotechnology companies attract private capital. The state does not hand the credit to the company itself; instead, it gives an income tax credit to qualifying investors who back a Qualified Maryland Biotechnology Company, or QMBC. The program is built for Maryland-base…
Biotech
Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.