VC tax credit rarely used by startups: Less than 17 percent of incentives tapped

Last year, Indiana approved tax credits worth nearly $16.3 million to encourage speculation on local high-tech startups. Investors left most of the credits-$13.5 million worth-on the table. The highly touted Indiana Venture Capital Investment tax credit program debuted in January 2004. It allows investors in approved startups to write 20 percent of their outlay off their state taxes. Indiana certified 42 young companies last year as eligible for its venture capital credit. According to the Indiana Economic Development Corp., investors...

 

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