Topeka, Kan. – Applications are now being accepted for companies seeking investment through the Kansas Angel Investor Tax Credit (KAITC) program for 2019. The program offers Kansas income tax credits to qualified individuals who provide seed-capital financing for emerging Kansas businesses engaged in development, implementation and commercialization of innovative technologies, products and services.
The KAITC Program is administered by the Kansas Department of Commerce and designed to bring together accredited angel investors with qualified Kansas companies seeking seed and early stage investment. The purpose of the Kansas Angel Investor Tax Credit act is to facilitate:
Applications for certification will be accepted only for Kansas businesses in the seed and early stage rounds of financing.
Companies must meet the following criteria to be certified as a Qualified Kansas Business:
Certification of companies must meet mandates established by Kansas statute to allow accredited Angel Investors to receive the Kansas Angel Investor Tax Credit. This year, the application fee has been reduced from $750 to $500.
Applications for companies seeking investment are accepted from February 1st, 2019 through August 31st, 2019.
For media inquiries, contact Ryan Brinker.