MINNEAPOLIS, March 1, 2011 /PRNewswire/ -- QuickCheck Health Inc. has been certified for participation in the 2011 Minnesota Angel Tax credit program. The program provides incentives to investors or investment funds that put money into startup and emerging companies focused on high technology or new proprietary technology. According to the Minnesota Department of Economic Development, the Angel Tax Credit:
- Provides a 25-percent individual income tax credit for qualified investors
- Is refundable. Non-Minnesota residents, including residents of foreign countries, are eligible for the credit.
- Allows a maximum credit of $125,000 per year per individual
- Allows a maximum credit of $250,000 for those married and filing jointly
For more information on the program please visit www.positivelyminnesota.com
"Minnesota's angel tax credit program provides a significant benefit to investors in development stage companies like QuickCheck Health," says Travis Murphy, QuickCheck Health's Chief Financial Officer. "The tax credit is a bit like a dividend to the investor allowing immediate return while the company works to create stock value appreciation for the long term."
About QuickCheck Health Inc.
QuickCheck Health is a privately held, innovative health care company founded in 2010. QCH's "Retail Clinic in a Box" concept is aimed at providing at-home health care at a much lower cost than traditional care alternatives like clinics, urgent care and retail clinics while reaching a broader range of people needing health services. QCH is developing rapid, over the counter test kits which are designed to be used at home. After using the test, consumers will be able to get their test results online immediately and will be offered the opportunity to launch an online clinic visit. A clinician will review the consumer's health and situation. If appropriate a prescription is then sent to the patient's local pharmacy. While still under development, the target price for the home test is $10-$15 with an optional $35 online clinic visit. Test at home, treat online, that's QuickCheck Health.
SOURCE QuickCheck Health Inc.