Wisconsin Economic Development Corporation, Division of Entrepreneurship & Innovation
About
The Wisconsin Economic Development Corporation (WEDC) is committed to creating and maintaining a business climate that allows you to maximize your potential. Working with more than 600 statewide partners, including regional economic development organizations, academic institutions and industry groups, we’re enhancing our communities, supporting business development, advancing industry innovation, tapping global markets and developing a talented workforce to help Wisconsin realize its full economic potential.
It is the goal of the Division of Entrepreneurship & Innovation to assist in these primary categories:
• Support the development of new and emerging entrepreneurial and high-growth businesses throughout the state.
• Increase the amount of seed, early-stage and expansion capital in Wisconsin.
• Support the research and development of novel technologies that have the potential to increase a company’s ability to compete and grow, and help drive Wisconsin’s economy.
• Improve the viability and success of startups and emerging growth companies through substantive technical assistance.
In order to accomplish these goals the Division of E&I has two programs the directly assist high-tech early stage businesses.
The Qualified New Business Venture (QNBV) program is an investment tax credit program to provide incentives for angel and early stage venture capital funds to invest in Wisconsin’s high tech businesses. The QNBV program provides these incentives in the form of a Wisconsin Income Tax Credit for investing in QNBV certified companies.
The Technology Development Loan Program provides direct financial assistance to startup and emerging growth companies in Wisconsin that are developing and commercializing innovative products and services at critical stages in their development. The TDL program is intended to provide capital to those companies that have the potential to add to Wisconsin’s economic base over the long term by attracting and training a high-wage, high skill workforce and establishing a unique competitive advantage. The funds can be used as working capital and require leverage from outside funding for the business development project or funding round under consideration. Funding levels are dependent on the stage of growth, capital need, financial leverage, economic potential, risk evaluation, and other factors deemed by WEDC to impact the funding request under consideration.
Services Provided
Economic and Site Development
- Tax Credits
- Economic Development (Specialty)
Financial Resources and Assistance
- Angel Investment
- Crowdfunding
- Loans (Specialty)
- Debt Funding
- Equity Funding
- Government Funding
- Tax Credits (Specialty)
- Technology Grants
- Grant Funding
- Matching Funds
Manufacturing, High Tech, Life Sciences Development
- Commercialization
- High Tech Development
- Industrial Technology Research
- Life Sciences Development
- Manufacturing Development
- Science/Bioscience Seminars
- Technology Transfer
- Augmented / Virtual Reality and Holographics
Marketing and Sales
- Award Recognition
Nonprofit and Social Enterprise
- Funds Development
Public Policy and Government Relations
- State Business Issues
- Small Business Policy
Regulatory Compliance
- Registration, Licenses and Permits
Starting a Business
- Business Research Resources
Tax Services
- Tax Credits (Specialty)
Chris Schiffner
201 W. Washington Avenue
Madison, WI 53703
(608) 210-6826
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