Minnesota R&D Tax Credit Program

Companies that engage in certain research and development (R&D) activities in Minnesota may qualify for the Credit for Increasing Research Activities.

The R&D credit is equal to 10 percent of qualifying expenses up to $2 million, and 2.5 percent for expenses above that level. Qualifying expenses are the same as for the federal R&D credit – defined in Section 41 of the Internal Revenue Code – but must be for research done in Minnesota.

Examples include R&D-related wages, supplies and research contracted outside your business. Contributions to qualified nonprofit organizations that make grants to early-stage technology businesses in Minnesota also may qualify.

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AURI

The Agricultural Utilization Research Institute (AURI) helps develop new uses for agricultural products through science and technology, partnering with businesses and entrepreneurs to bring ideas to reality.

They generate economic impact in Minnesota communities by helping businesses take advantage of innovative opportunities in four focus areasbiobased products, renewable energy, coproducts and food. They provide a broad range of services to expand markets, develop new uses and improve processes. AURI provides hands-on scientific technical assistance, and a targeted network of resources to develop value-added uses for crops and coproducts. They provide applied research services and product development assistance to create new ag-based products, process refinements and to help move them to market.

With unique facilities and professional staff, AURI is a one-of-a-kind resource that provides assistance to Minnesota businesses looking to create more value for the state’s agricultural products.

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MN Small Business Innovation Research and Small Business Technology Transfer Programs

MN-SBIR assists Minnesota seed, early stage, emerging and existing small businesses to compete and win federal research funding from the $2.5 billion Small Business Innovation Research and Small Business Technology Transfer Programs. Research funding is awarded as a grant or a contract depending on the federal agency. Up to $1M or more of non-dilutive funding depending on the agency.

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First Green Partners

First Green Partners is an early-stage investment firm focused on building companies that leverage advances in science and technology applied to agriculture. We pursue opportunities in precision agriculture, crop breeding technologies, environmentally sustainable ag chemicals and fertilizers (especially microbial applications), novel process technologies, and food safety.

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