2010 was an amazing year for startup action and activism in Minnesota. The community is coming together in recognition that the innovation economy can’t be grown through luck or grand schemes – but from real digging in the Minnesota soil. This means a macro/micro focus – improving the overall ecosystem for new technology and business launch and engaging directly with startups. Here are just a few 2010 highlights (in no particular order) that are keeping Minnesota on the front burner:
(a) Tax Credits – Angel Investor/R&D
The 10-year wait is over – Minnesota got an angel tax credit. And none too soon. With our friendly neighbors friendlying up to our local tech community with siren songs of support and subsidies, the Gov and Legislature hunkered down and got us not just a robust angel tax credit – but a generously expanded R&D tax credit (10% of the first $2 million in R&D expenses over base expense). And the R&D tax credit is fully refundable, which is great benefit for early-stage companies.
To read the full, original article click on this link: MOJO Minnesota » 2010: A Minnesota Startup/Innovation Highlights Reel
