Currently, Cardious is looking for qualified investors to invest $1.5MM  to support the next phase of product development resulting in human implantation.

Cardious has recently qualified to participate in Minnesota’s Angel Tax Credit program. This program provides a 25% tax credit or a direct grant in lieu of credit to investors or investment funds that put money into a Minnesota based startup or emerging company (like Cardious) focused on high technology or new proprietary technology.

  • If you live in Minnesota the program provides a 25-percent individual income tax credit.  If you do not generate enough tax liability the difference will be provided as a cash payment.
  • If you are not a Minnesota resident, or even a resident of the United States, the entire credit will be given as a cash rebate equivalent to 25% of your investment.
  • The program allows a maximum credit or grant of $125,000 per year per individual ($500,000 investment) or $250,000 for those married and filing jointly ($1,000,000 investment).
  • The program has allocated $11 million dollars in tax credits for the rest of this year.  So far, about 30 companies have qualified to participate.  It is a first come/ first serve process until the funds are distributed.

Also, an investment in Cardious qualifies for the federal Small Business Jobs and Credit Act recently signed into law on September 27.  This “stimulus” program allows private investors who invest in Cardious by December 31, 2010 to shelter 100% of their capital gains (up to10x return) from all federal tax, even if Alternative Minimum Tax is in play.

If you are an accredited investor as defined by the Securities Act of 1933, Rule 501, Regulation D and wish to learn more about Cardious, please contact us as noted below.

Contact information:

President, Jim Pokorney


phone: (651) 789 0550