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Need A Tax Break? Fund A Start-Up Idea
Inc.:
A network of Oregon public universities is hoping to tap a new pipeline for entrepreneurial funding through a program that rewards donors with considerable tax breaks.
A 60 percent tax credit is available to Oregon taxpayers who contribute to the newly formed University Venture Development Fund, designed to help the state’s eight public universities push research discoveries into the commercial marketplace.
The state will provide the universities with up to a total of $14 million in tax-credit eligible gifts, to be repaid to the state through royalties and licensing fees.
Northwest Technology Ventures and Bend Research are two of the early donors.
More information on the fund and tax break, including frequently asked questions, can be found here.
Photo by MSDesigns.
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Fred333 on October 25th, 2007 7:57 am
Seems like more and more states are going to program like this to keep the internet/ web industry in there state.
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