{"status":200,"message":"Success","data":{"id":"de2f844b-96bf-5a69-b211-af5dca01af74","title":"Venture Capital Investment Tax Credit (VCI)","identifiers":{"systemId":{"registry":{"code":"opp:opengrants:system","url":"https://opengrants.io/common-grants/registries/opp-opengrants-system.json"},"id":"0b90dafb-a730-405a-8b56-87d337b9fdeb"},"otherIds":{"opp:opengrants:program":{"registry":{"code":"opp:opengrants:program","url":"https://opengrants.io/common-grants/registries/opp-opengrants-program.json"},"id":"in:iedc-venture-capital-investment-tax-credit"}}},"status":{"value":"custom","customValue":"Confirm with agency","description":"Varies — check official page"},"description":"VCI gives individual and corporate investors a credit against Indiana tax liability for qualified debt or equity investments in certified early-stage Indiana companies and qualified investment funds. The credit is 25% of qualified investment capital in a business (30% for a W/MBE business) and 20% for a qualified fund. Since July 1, 2026, certain retail businesses selling products they developed or own can be certified, and investors can combine credits under $10,000 to reach the minimum for assignment.","funding":{"details":"25% of qualified investment (30% for W/MBE businesses), up to $1,000,000 lifetime per business ($1,500,000 for W/MBE); funds 20% up to $5,000,000 a year"},"funders":{"primary":{"id":"53264a87-6905-5bb6-bd3d-99e427426efe","name":"Indiana Economic Development Corporation","identifiers":{"otherIds":{"org:opengrants:funder":{"registry":{"code":"org:opengrants:funder","url":"https://opengrants.io/common-grants/registries/org-opengrants-funder.json"},"id":"db83f8ba-72af-427b-a533-679d6db8dc7f","allIds":[{"id":"db83f8ba-72af-427b-a533-679d6db8dc7f","status":"active"},{"id":"0d6bc5fe-5fcf-4707-9412-e9ec7560304a","status":"active"},{"id":"85dbc5f4-cb67-4699-8549-d4fc22ab0967","status":"active"},{"id":"0686ba47-a810-4267-958f-f42f00913179","status":"active"},{"id":"77e9acba-2ef0-4790-8c36-5003db173880","status":"active"}]},"org:us:in:agency":{"registry":{"code":"org:us:in:agency","url":"https://opengrants.io/common-grants/registries/org-us-in-agency.json"},"id":"IEDC"}}}}},"keyDates":{"otherDates":{"cycle":{"name":"Application cycle","eventType":"other","details":"Certification and investment applications are submitted to the IEDC; no application deadline is posted."}}},"acceptedApplicantTypes":[{"value":"for_profit_small_business","description":"Business"},{"value":"for_profit_not_small_business","description":"Business"},{"value":"individual","description":"Individual"}],"source":"https://www.iedc.in.gov/indiana-advantages/investments/venture-capital-investment-tax-credit","customFields":{"eligibilityCriteria":{"name":"eligibilityCriteria","fieldType":"object","value":{"details":"The business must first be certified by the IEDC as a Qualified Indiana Business (or the fund as a Qualified Indiana Investment Fund); the investor must then get IEDC approval of a capital investment application before investing and make the investment within two years of approval. Investors holding a majority ownership position before the investment are generally ineligible; senior-secured bank debt and debt repaid within 36 months do not qualify. Early-stage businesses apply to be certified as a Qualified Indiana Business (or funds as a Qualified Indiana Investment Fund); individual and corporate investors then apply for approval of their investment and claim the credit."},"description":"Who is eligible, in the funder's words","schema":"https://commongrants.org/custom-fields/eligibilityCriteria"},"additionalInfo":{"name":"additionalInfo","fieldType":"object","value":{"url":"https://www.iedc.in.gov/indiana-advantages/investments","description":"Indiana Economic Development Corporation grants page"},"description":"Where the agency publishes its programs","schema":"https://commongrants.org/custom-fields/additionalInfo"},"fundingInstrument":{"name":"fundingInstrument","fieldType":"string","value":"tax credit","description":"grant, loan, grant+loan, tax credit, rebate, in-kind or other","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"fundingSource":{"name":"fundingSource","fieldType":"string","value":"State","description":"State, Federal, Federal and State, or Other","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"lastSyncedAt":{"name":"lastSyncedAt","fieldType":"string","value":"2026-11-06T14:36:03Z","description":"When the OpenGrants record data behind this opportunity was last refreshed (UTC)","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"stateCode":{"name":"stateCode","fieldType":"string","value":"IN","description":"USPS code of the state whose agency offers this funding","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"agencyKey":{"name":"agencyKey","fieldType":"string","value":"iedc","description":"Portal key of the administering agency","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"agencyAbbrev":{"name":"agencyAbbrev","fieldType":"string","value":"IEDC","description":"Administering agency abbreviation","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"agencyUrl":{"name":"agencyUrl","fieldType":"string","value":"https://www.iedc.in.gov/","description":"Administering agency website","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"categories":{"name":"categories","fieldType":"array","value":["Housing, Community and Economic Development","Science, Technology, and Research & Development"],"description":"Portal categories","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"applicantTypes":{"name":"applicantTypes","fieldType":"array","value":["Business","Individual"],"description":"Portal applicant types","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"applicantTypesNotes":{"name":"applicantTypesNotes","fieldType":"string","value":"Early-stage businesses apply to be certified as a Qualified Indiana Business (or funds as a Qualified Indiana Investment Fund); individual and corporate investors then apply for approval of their investment and claim the credit.","description":"Notes on who may apply","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"purpose":{"name":"purpose","fieldType":"string","value":"Indiana income tax credit for investors who put capital into qualified early-stage Indiana businesses and funds.","description":"One-line purpose","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"geography":{"name":"geography","fieldType":"string","value":"Indiana","description":"Geographic limits within the state","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"fundingSourceNotes":{"name":"fundingSourceNotes","fieldType":"string","value":"State income tax credit; statutory cap of $20,000,000 a year in total credits, with $7,500,000 a year for qualified investment funds.","description":"Notes on the source of funds","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"estimatedAmounts":{"name":"estimatedAmounts","fieldType":"string","value":"25% of qualified investment (30% for W/MBE businesses), up to $1,000,000 lifetime per business ($1,500,000 for W/MBE); funds 20% up to $5,000,000 a year","description":"Estimated award amounts, as published","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"howToApply":{"name":"howToApply","fieldType":"string","value":"Direct application: businesses, funds and investors create an Access Indiana account and submit the Qualified Indiana Business, fund and capital investment applications to the IEDC; no application fee is currently charged.","description":"How to apply","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"electronicSubmission":{"name":"electronicSubmission","fieldType":"string","value":true,"description":"Where applications are submitted (url: … or email: …)","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"statutoryAuthority":{"name":"statutoryAuthority","fieldType":"string","value":"IC 6-3.1-24","description":"Statute or rule authorizing the program","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"cycle":{"name":"cycle","fieldType":"string","value":"Certification and investment applications are submitted to the IEDC; no application deadline is posted.","description":"Application cycle pattern","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"nextDeadlineDisplay":{"name":"nextDeadlineDisplay","fieldType":"string","value":"Varies — check official page","description":"What the portal shows as the next deadline","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"deadlineSource":{"name":"deadlineSource","fieldType":"string","value":"record-live","description":"editorial, record or cycle","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"stringsAttached":{"name":"stringsAttached","fieldType":"string","value":"Investors must be approved before they invest, credits are non-refundable with a five-year carryforward and no carryback, and the annual statewide cap limits total credits.","description":"The catch: match, reporting, restrictions","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"applicantTip":{"name":"applicantTip","fieldType":"string","value":"Founders: get Qualified Indiana Business certification first, since investors cannot file their investment applications until you are certified.","description":"A non-obvious, actionable tip","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"programSlug":{"name":"programSlug","fieldType":"string","value":"iedc-venture-capital-investment-tax-credit","description":"Stable program slug within the portal","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"programUrl":{"name":"programUrl","fieldType":"string","value":"https://opengrants.io/grants-in-indiana/#p-iedc-venture-capital-investment-tax-credit","description":"Program card on the portal page","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"opengrantsListingUrl":{"name":"opengrantsListingUrl","fieldType":"string","value":"https://www.iedc.in.gov/indiana-advantages/investments/venture-capital-investment-tax-credit","description":"Listing URL on the bound OpenGrants record","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"bindingMode":{"name":"bindingMode","fieldType":"string","value":"record","description":"record, upstream, pending-import or none","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"verifiedOn":{"name":"verifiedOn","fieldType":"string","value":"2026-11-04","description":"Date the official page was last checked","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"},"cardStatus":{"name":"cardStatus","fieldType":"string","value":"published","description":"published, needs_review or retired","schema":"https://opengrants.io/common-grants/schemas/state-portal-v1.json"}},"createdAt":"2026-11-05T07:33:25.608357+00:00","lastModifiedAt":"2026-11-06T21:28:19Z","competitions":[],"awards":[]}}