Indiana Venture Capital Investment (VCI) Tax Credit
Status not published
This funder does not publish a call calendar. Check their page before planning around it.
Investors receive 25% of qualified investment capital (maximum $1 million lifetime per business), rising to 30% (maximum $1.5 million) for certified women- or minority-owned businesses. Investment funds receive 20% (maximum $5 million annually, $7.5 million total annual cap). The maximum annual amount of tax credits that may be awarded is $20,000,000.
Indiana Economic Development Corporation (IEDC)
public · regional
Deadline: rolling
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Moderate — a form and supporting documents.
Who can apply
- small enterprises
- Sectors: deeptech, health, ai, manufacturing, agri
- Stage: pre_seed, seed, series_a
- Locally registered entity required
The business must be certified as a Qualified Indiana Business by IEDC. From 1 July 2026 this includes retail businesses selling unique patented products they developed. Investors with an existing majority ownership stake are generally ineligible; those acquiring majority ownership receive credit only on investments up to 50% ownership. The credit is transferable in some circumstances.
How to apply
- Establish an Access Indiana account
- The business obtains Qualified Indiana Business (QIB) certification from IEDC
- The investor submits a capital investment application for IEDC approval
- The investment must occur within two years of approval
- Submit documentation for investment certification
What you will need
- QIB certification application
- Investor capital investment application
- Proof of investment
Source. https://iedc.in.gov/indiana-advantages/investments/venture-capital-investment-tax-credit/overview — checked 2026-08-14
"The maximum annual amount of tax credits that may be awarded at twenty million dollars ($20,000,000)."