Angel Investment Credit

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Learn about the potential Illinois Senate Bill to provide tax credits to Venture Capital Firms and Angel Investors who invest in Illinois emerging technology and startup companies.

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Angel Investment Credit Presented by: David Szostak – Owner / Principal Consultant May 4, 2010

SB 1522 (SB 3654) Emerging Technology Industries Act Started in 2009 $10 million grant-matching program for emerging technology enterprises $15 million investment tax credit for Venture Capital (VC) or Angel Investors 13 Senate / 40 House Sponsors Passed the Senate

SB 3710 Angel Investment Credit Started in 2010 No matching-grant program for businesses $10 million investment tax credit for VC or Angel Investors New life, no guarantees, other potential opportunities

Proponents/Opponents Proponents Northwestern University IL Biotechnology Industry Organization IL Chamber of Commerce Chicagoland Chamber of Commerce Opponents Taxpayers’ Federation of IL

Qualified Investor is… Individual – At least $25,000 IL corporation – A least $250,000 IL VC firm

Qualified IL VC Firm is… Invests in privately held companies for emerging technology 2 principals with at least 5 years of VC experience 1 year of experience in investing in emerging technology

Amount of Tax Credit Equal to 25% of the qualified investment $50,000 for individual $250,000 for corporation or VC firm Max credit amount may not exceed $500,000 Credits may be carried forward for 5 years

Summary Provide early-stage financing to high-growth companies ,[object Object],Qualified applicants (investors and businesses) are determined by the Department of Commerce and Economic Opportunity (DCEO)

Summary Provide early-stage financing to high-growth companies Potential $40 million for qualified businesses Qualified applicants (investors and businesses) are determined by the Department of Commerce and Economic Opportunity (DCEO) Create New Jobs!

Next Steps… Be Active Contact President & CEO of iBIO, David Miller President of the Senate, John Cullerton Speaker of the House, Michael Madigan ,[object Object],Please check Illinois General Assembly, www.ilga.gov

Contact Us To learn more about Diamond Strategies LLC marketing and consulting services, please contact us at: info@diamond-strategies.com 773.849.9333 www.diamond-strategies.com

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Angel Investment Credit

1. Angel Investment Credit Presented by: David Szostak – Owner / Principal Consultant May 4, 2010

2. SB 1522 (SB 3654) Emerging Technology Industries Act Started in 2009 $10 million grant-matching program for emerging technology enterprises $15 million investment tax credit for Venture Capital (VC) or Angel Investors 13 Senate / 40 House Sponsors Passed the Senate

3. SB 1522 (SB 3654) Emerging Technology Industries Act Started in 2009 $10 million grant-matching program for emerging technology enterprises $15 million investment tax credit for Venture Capital (VC) or Angel Investors 13 Senate / 40 House Sponsors Passed the Senate Create New Jobs!

4. SB 3710 Angel Investment Credit Started in 2010 No matching-grant program for businesses $10 million investment tax credit for VC or Angel Investors New life, no guarantees, other potential opportunities

5. Proponents/Opponents Proponents Northwestern University IL Biotechnology Industry Organization IL Chamber of Commerce Chicagoland Chamber of Commerce Opponents Taxpayers’ Federation of IL

6. Qualified Investor is… Individual – At least $25,000 IL corporation – A least $250,000 IL VC firm

7. Qualified IL VC Firm is… Invests in privately held companies for emerging technology 2 principals with at least 5 years of VC experience 1 year of experience in investing in emerging technology

8. Amount of Tax Credit Equal to 25% of the qualified investment $50,000 for individual $250,000 for corporation or VC firm Max credit amount may not exceed $500,000 Credits may be carried forward for 5 years

10. Summary Provide early-stage financing to high-growth companies Potential $40 million for qualified businesses Qualified applicants (investors and businesses) are determined by the Department of Commerce and Economic Opportunity (DCEO) Create New Jobs!

11.

12. Contact Us To learn more about Diamond Strategies LLC marketing and consulting services, please contact us at: info@diamond-strategies.com 773.849.9333 www.diamond-strategies.com

13. Thank You

Angel Investment Credit

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