Innovation Fund Tax Credit
The Innovation Fund Tax Credit from the Iowa Economic Development Authority encourages investments in certified funds supporting research-driven, innovative Iowa companies in advanced manufacturing, biosciences, and IT.
Funder: Iowa Economic Development Authority
Due Dates: September 1, 2026 (filing window opens) | December 31, 2026 (filing window closes)
Funding Amounts: 25% tax credit on eligible equity investments in certified Innovation Funds; subject to annual program allocation limits.
Summary: Stimulates venture capital investment in Iowa’s innovative businesses by providing tax credits to investors in certified Innovation Funds.
Description
The Innovation Fund Tax Credit program, administered by the Iowa Economic Development Authority (IEDA), is designed to encourage venture capital investment in Iowa’s innovative businesses. By offering a 25% tax credit to investors who make equity investments in certified Innovation Funds, the program aims to catalyze early-stage funding for businesses engaged in advanced manufacturing, biosciences, and information technology. These investments help strengthen Iowa’s entrepreneurial ecosystem, promote high-growth companies, and drive statewide economic growth.
