More Minnesota Tech Startups Raising More Angel Money


Minnesota Angel InvestorsAs the amount of 2011 tax credits ($12m) available through the Minnesota Angel Investor Tax Credit (AITC) program came to a halt last month, DEED was quick to update a final list of which companies had received what for the year.

The program, created in May, 2010, offers qualified angels (and funds) — whether from Minnesota or not — with a 25% refundable tax credit on investments made towards certified local startups.

At the half, roughly 17 tech companies had seen some $5.5m in investment capital through the program, with approximately .75 cents on every dollar going into ‘high tech’ ventures (IT, SaaS, web, mobile, telecom, etc.) at the time.

With this new data made available,  many startups have gained under AITC since we last looked: