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Technology Commercialization Programs
Technology-related entrepreneurship requires
financial assistance at various stages of development.
Recognizing this, the Wisconsin Department of Commerce has
tailored a variety of funding programs for businesses and investors.
Wisconsin
Entrepreneur's Network
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| Entrepreneurship is one of the key elements of the
"Grow Wisconsin" strategy.
While the Department of Commerce's Technology
Commercialization programs address the financial needs of
entrepreneurs, other forms of support are available through the Wisconsin Entrepreneurs' Network
(WEN).
Through local and regional centers, this statewide
network offers business planning and access to capital and
finance
assistance, provides assistance with intellectual property and
technology transfer issues and leveraging existing public resources, as
well as those available in the marketplace. It also helps
businesses with high growth potential reach the next level.
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Links
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Wisconsin
Angel
Network
Angel
Capital Resource Center
Kauffman
eVenturing
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Early Stage Investment Tax Credits
The Angel Investment and Venture Capital Tax Credit programs are
designed to encourage investment in small, high-technology businesses
that have high growth potential. Early-stage businesses
conducting pre-commercialization activities related to proprietary
technology may be designated as Qualified New Business
Ventures.
Angel investors, angel investment networks and venture capital seed
funds may qualify for Wisconsin tax credits by investing in these
designated companies.
Qualified New Business Venture Capital Gains (QNBV Cap Gains)
The QNBV Cap Gains certification is designed to encourage
investors with long-term capital gains to use the proceeds of those
gains to invest in Wisconsin companies developing new products or
processes or conducting research and development. Investors that
make investments in companies certified under this program can defer
Wisconsin Capital Gains Tax as prescribed under Revenue Statute 71.05
(24). This program will go into effect on January 1, 2011.
For more information about this program, click here. For a
list of businesses certified by Commerce under the Qualified New
Business Venture Capital Gains program, click here.
Technology Assistance Grants (TAG)
The TAG program provides grants for early-stage Wisconsin
high-technology companies to offset some of the costs of hiring
qualified, independent third parties to perform services that assist
businesses in securing private or federal funding. For more
information, click
here.
Technology Bridge Grants
These grants provide funding to small businesses that have received
Phase I R&D awards and are struggling to maintain operations
while
they await a Phase II or other follow-on funding decision. Funds may
only be applied to reasonable and necessary costs directly attributable
to maintaining the research and funding basic operations until the
applicant's follow-on funding or federal grant application is approved
or denied. Only those companies that can demonstrate severe financial
hardship will be considered for bridge grant funds. For more
information, click
here.
Technology Matching Grants
This program provides state dollars to enhance a small business's
federal R&D funding application (i.e., where match is required by
the federal agency solicitation to secure a
Phase II SBIR or Advanced Technology Program award). Applicants
approved under this program will not actually receive funding until
approval of their federal application. Phase I applications are not
eligible for funding under this program. For more information, click here.
Technology Venture Fund Loans
This fund provides low-interest loans to Wisconsin high-technology
companies to facilitate the search for angel or other seed capital
investment. For more information, click here.
Administrative Rule
Click here
to view the Administrative Rule (45KB,
doc) for overseeing Act 255.
For more information
contact:
Aaron Hagar
Technology Development Manager
608/267-0769
Aaron.Hagar@Wisconsin.gov
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