WEDC announces investments in entrepreneurs
Excerpted from inWisconsin.com
The Wisconsin Economic Development Corporation (WEDC) today announced approval of financial support for several emerging Wisconsin companies.
“Wisconsin is known for its innovation, so it’s important we provide the business climate for entrepreneurs to launch their ideas,” said Lisa Johnson, Vice President of Entrepreneurship and Innovation with WEDC. “On the heels of Global Entrepreneur Week, we want companies to know that the state is here, ready to help them start up and grow in Wisconsin.”
WEDC approved Technology Development Loans for: Aurora Spectral Technologies, LLC, Milwaukee ($160,000); SoLoMo Identity, Madison ($250,000); Super Vitamin D, Eau Claire ($250,000); Stablebody Technologies, Madison ($75,000); Modern Movement, Waunakee ($70,000); Murfie Inc., Madison ($500,000); Stealth Theraputics, Madison ($250,000) and PerBlue, Inc., Waunakee ($200,000). The Technology Development Loan is for Wisconsin companies to facilitate research and development and commercialization of innovative technology products.
WEDC approved Qualified New Business Venture tax credits for: Perfect Cross, Nashotah; Dynamis, LLC, Madison; Strategic Fishing Systems, LLC, Madison; Moxe Health, Madison; PeptiMed, Fitchburg; Pure Oxygen Labs, Middleton; Greenwhey Energy, Turtle Lake; Seven Marine, Germantown; and Nature Tech, Milwaukee. The Qualified New Business Venture status makes investors in the company eligible for a 25 percent tax credit on the amount they invest in the business.