Keystone Innovation Zone
Sellable tax credits for early-stage companies.
About the Keystone Innovation Zone Program
An initiative of the PA Department of Community and Economic Development, the Keystone Innovation Zone (KIZ) tax credits offer early-stage tech and life sciences companies up to $100,000 annually in sellable tax credits from a statewide pool of up to $15 million. Thanks to the KIZ program, young companies are reinvesting in the people and ideas that are putting Philadelphia on the map as an innovation leader. As the fiscal agent and coordinator of the University City KIZ, the Science Center can help your company tap into this resource.
Less Than 8 Years Old
Companies participating in the program must be for-profit and in operation for less than eight years. The “birthday” of a company is considered the date of issuance of its EIN number.
Located in the Geographical Boundaries of a KIZ
The Science Center oversees the University City Keystone Innovation Zone, but in total, there are 28 zones across the commonwealth. Companies must operate out of the geographical boundaries of one of these zones to qualify.
Developing IP in Emerging Technology Sectors
Companies must have their own intellectual property (not just utilizing technology) in an emerging technology sector.
Complete Semi-Annual Reports
All participating companies must complete reports on a semi-annual basis. These reports are separate from the KIZ Tax Credit application but a requirement to be considered for the tax credit.