Innovation Investment Tax Credit (IITC)

Innovation Investment Tax Credit (IITC) was Maryland Department of Commerce's tax-credit route for investors backing Qualified Maryland Technology Companies. It grew out of the earlier Cybersecurity Investment Incentive Tax Credit and was broadened in 2021 to cover the wider technology company base rather than cybersecurity alone. The program is now wound down: Commerce stopped taking applications after the final investor deadline on September 24, 2024, and no successor route is listed. The credit was designed to pull private capital into Maryland technology companies. Investors could claim 33 percent of an eligible investment up to $250,000, or 50 percent in rural counties up to $500,000, which made the rural version the more generous path. The route was open to individual investors in a Maryland operating environment, but it was never a grant program and never functioned like a competitive award. IITC mattered most as a state-backed lever for early investment in local technology businesses. Its rural uplift signaled an effort to push capital beyond the state's main metro markets, while its sunset leaves the program as a closed historical incentive rather than an active application channel.

Each grant below is a distinct funding opportunity with its own eligibility, scope, and deliverables.