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Unclaimed
Discovery tool, not advice. Every figure is the published rule, not a decision on your case.
Tax credits

Maryland Biotechnology Investment Incentive Tax Credit (BIITC)

Status

Status not published

Investor applications open at the start of the state fiscal year, historically in early September, and the annual allocation is typically fully subscribed within days.

Open now
Amount
$250,000

A refundable credit to investors equal to 33% of an eligible investment in a Qualified Maryland Biotechnology Company (50% for companies in Allegany, Dorchester, Garrett or Somerset counties), capped per investor per company per year.

Funder

Maryland Department of Commerce

public · regional

Deadline: Fixed cut-off dates — Investor applications open at the start of the state fiscal year, historically in early September, and the annual allocation is typically fully subscribed within days.

Your odds
Not published

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.

Effort
quick

Quick — mostly identity and bank details.

Who can apply

QMBC must be headquartered and based in Maryland, have fewer than 50 full-time employees, have been in active business no longer than 12 years (extendable in some cases), and be primarily engaged in the research, development or commercialisation of innovative and proprietary biotechnology.

How to apply

  1. The company applies to Maryland Commerce for Qualified Maryland Biotechnology Company (QMBC) certification
  2. The investor submits the credit application at the moment the annual window opens
  3. If approved, the investment is made within 30 days and the credit certificate is issued

Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)

Apply on the funder's site

Source. https://commerce.maryland.gov/fund/programs-for-businesses/biotechnology-investment-incentive-tax-credit · not human-checked

Verified on 14 August 2026

Source: commerce.maryland.gov

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Paid, separate from Unclaimed

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