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IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.

Governor Doyle Announces Funding For Stratatech Corporation

For Immediate Release: February 24, 2009
Contact: Tony Hozeny, Department of Commerce, 608-267-9661

MADISON - Governor Jim Doyle today announced that Stratatech Corporation in Madison will receive a $500,000 loan from the Department of Commerce.

"It's important we continue to invest in developing technology that will help Wisconsin compete at the high end of the global economy," Governor Doyle said. "I am pleased we could help further the opportunities of leading companies like Stratatech Corporation that are striving to improve technology in the medical field."

Stratatech Corporation, founded in 1999, is a regenerative medicine company that develops cell-based, tissue-engineered products for wound care. The company will use the funds to develop and finalize clinical trial activities. Total project cost is $11,250,000.

For more information on Commerce programs and services, contact the Commerce area development manager at www.commerce.wi.gov/BD/BD-AreaDevManagers.html.

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