Maryland Biotechnology Investment Incentive Tax Credit (BIITC)
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.
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.
Maryland Department of Commerce
public · regional
Deadline: cutoff — 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.
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.
Quick — mostly identity and bank details.
Who can apply
- Under 12 years old
- Up to 50 employees
- micro enterprises
- Sectors: health
- Stage: pre_seed, seed, series_a
- Locally registered entity required
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
- The company applies to Maryland Commerce for Qualified Maryland Biotechnology Company (QMBC) certification
- The investor submits the credit application at the moment the annual window opens
- If approved, the investment is made within 30 days and the credit certificate is issued
Source. https://commerce.maryland.gov/fund/programs-for-businesses/biotechnology-investment-incentive-tax-credit — checked 2026-08-14 · not human-checked