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Minnesota’s angel tax credit has helped loosen investors’ checkbooks to the tune of $30 million so far, including more than $10 million for medical-related startups.
The Minnesota Department of Employment and Economic Development has posted an updated list of credits issued under the state’s angel investor tax credit. Dated Jan. 20, it’s the first update since Nov. 8.
The numbers show a busy couple of months for the program’s administrators, with the number of deals benefiting from the credit climbing from 19 through early November to 66 as of late last week. Just over a third of those deals involved medical companies, adding up to $10,013,546.
Here’s the list of medical-related companies:
- Aneuclose ($23,200 invested, $5,800 credit)
- Applied Bioprocess Containers ($1.03 million invested, $257,500 credit)
- Aria CV ($410,000 invested, $102,500 credit)
- CoreSpine Technologies ($10,000 invested, $2,500 credit)
- Devicix ($1 million invested, $250,000 credit)
- Exsulin Corporation ($100,000 invested, $25,000 credit)
- IGF Oncology ($1 million invested, $250,000 credit)
- InterValve ($100,000 invested, $25,000 credit)
- Medspira ($472,277 invested, $118,069 credit)
- Metamodix ($362,500 invested, $90,625 credit)
- Nascent Surgical ($213,000 invested, $53,250 credit)
- NeuroCardiac Innovations ($60,000 invested, $15,000 credit)
- OnPoint Medical Diagnostics ($822,500 invested, $205,625 credit)
- OrthoCor Medical ($753,000 invested, $188,250 credit)
- Phraxis ($521,700 invested, $130,425 credit)
- Pursuit Vascular ($335,000 invested, $83,750 credit)
- QuickCheck Health ($100,000 invested, $25,000 credit)
- St. Teresa Medical ($671,856 invested, $167,964 credit)
- Standard Health ($143,500 invested, $35,875 credit)
- Steady State Imaging ($975,013 invested, $243,753 credit)
- Twin Star ECS ($235,000 invested, $58,750 credit)
- VivaQuant ($355,000 invested, $88,750 credit)
- Zipnosis ($250,000 invested, $62,500 credit)
- Zoltan Laboratories ($70,000 invested, $17,500 credit)
