The Minnesota Angel Tax Credit provides a 25% credit to investors or investment funds that make equity investments in startup companies focused on high technology, new proprietary technology, or a new proprietary product, process or service in specified fields. The maximum credit is $125,000 per person, per year ($250,000 if filing jointly). The credit is refundable. Residents of other states and foreign countries are eligible. 

SubioMed Inc. has been certified for participation in the 2022 Minnesota Angel Tax Credit program.


Total cost to the investor is $550 ($350 to apply for Certification and $100 to submit Annual Reports in 2023 and 2024).

For 2022, $5 million in credits is available, $2.5 million of which is reserved for minority- and women-owned businesses, as well as businesses located in Greater Minnesota ("targeted businesses"), until 9/30/22, at which time any unused reserved credits become available for investment in any qualified business.

As of May 5, 2022, $186,000 in general credits and $552,000 in targeted credits remain available for allocation.


We encourage potential investors to learn more by visiting Angel Tax Credit Investors at


To participate in 2022, investors will need to:

For additional information on the Minnesota Angel Tax Credit, please visit the State of Minnesota's Employment and Economic Development website click here and/or contact us directly.

Brian Bowen

Executive Vice President