Four emerging Madison Region companies approved for investment tax credits
The Wisconsin Economic Development Corporation today announced certification of five emerging Wisconsin companies for Early Stage Business Investment tax credits. WEDC certified:
- Kayo Technology, Inc, Madison;
- Wellbe, LLC, Madison;
- Wellintel, LLC, Shorewood;
- Mobileigniter, Inc., Madison;
- Nextt, Madison.
The Early Stage Business Investment program certifies companies as Qualified New Business Ventures, which makes investors in the company eligible for a 25 percent tax credit on the amount they invest in the business to assist the companies in raising early stage capital. Since the program’s inception in 2005, more than 215 companies have been certified through the program, leveraging $637 million in private investments.