In 2009, the state’s R&D Tax Credit was revised, removing the requirement for a company to have positive net income for the previous three years to qualify for the credit. This credit lends support to emerging, innovative companies during research and development activities.
Funding sources in Georgia include:
GRA Venture Fund, LLC – a private investment fund established to provide investment capital to companies that have participated in GRA’s VentureLab commercialization program. VentureLab companies seek to commercialize technologies developed at one of the state’s six research universities.
Seed Capital Fund – managed by ATDC, the state-supported investment entity invests side by side with accredited investors in seed and early state life science companies based in Georgia. Since 2004, the fund has invested approximately $4.6 million into life science companies in Georgia, which have raised nearly $58 million in total capital.
Georgia Tech Edison Fund – seed funding for early-stage technology companies that have a close association with Georgia Tech.
The Georgia Centers of Innovation (COI) – the Research and Commercialization Grant Program is primarily focused on growing Georgia’s technology economy by utilizing the
significant resources of the state’s colleges and universities for applied research.
The Georgia Medical Center Authority (GMCA) – a statewide group that helps advance the bioscience industry by providing up to $300 million in revenue bonds for research, development and manufacturing.