Minnesota Angel Tax Credit

Minnesota's Angel Tax Credit is a refundable 25 percent state tax credit for investors and investment funds that put equity into qualifying Minnesota startups. It runs under the Department of Employment and Economic Development and is processed through the Department of Revenue, but it is currently unfunded for 2026. The credit reaches $125,000 per person each year, or $250,000 for a joint return, and it can be claimed by investors from other states or from abroad. Eligible investments must back startups working on high technology, new proprietary technology, or a new proprietary product, process, or service in the specified fields. The credit is fully refundable, the startup itself does not claim it, and tax credit certificates for 2024 investments were issued on February 19, 2025. This is an investor-side route, not a startup grant, so the practical task is qualifying the equity round and obtaining DEED certification. The program remains in statute and can resume if new funding is appropriated, but no 2026 application window is open today. Because the credit is refundable, it can matter even when the investor has limited Minnesota tax liability.

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