Wisconsin Department of Commerce Newsletter
Commerce Unveils Technology Commercialization Programs
Technology-based economic development is one of the key elements of Governor Jim Doyle's "Grow Wisconsin" initiative. Wisconsin has new tax credit, grant, and loan programs to assist high-potential technology businesses.
Technological entrepreneurship requires financial assistance at various stages of product development. Recognizing this, the Wisconsin Department of Commerce has tailored a variety of funding programs for businesses and investors. Recent legislation, Act 255, established the following programs:
These new programs complement two existing Department of Commerce programs:
The Wisconsin Entrepreneurs' Network (WEN) is a collaborative effort between the Department of Commerce, University of Wisconsin-Extension, Wisconsin Technical College System, WiSys Technology Foundation and the Department of Agriculture, Trade and Consumer Protection. It includes 25 strategically located intake centers, four regional technology transfer centers and 26 agricultural counselors.
Beginning in spring of 2005, (WEN) will work statewide with entrepreneurs and businesses in all industries and stages of development.
WEN will provide business planning and access to capital and finance assistance, as well as assistance with intellectual property and technology transfer issues. It will leverage existing public resources and those available in the marketplace and help high-potential companies take their businesses to the next level. The network is expected to assist more than 10,000 clients during its first year, helping to contribute more than $500 million to the state's economy.
For information about the Angel Investor and the Venture Capital Seed Fund Tax Credit programs, contact:
For information about Technology Assistance Grants, Technology Bridge Grants, Federal Matching Grants, Technology Venture Fund Loans, Technology Development Fund or Technology Development Loans, contact:
For information about the Wisconsin Entrepreneurs' Network, contact:
Read the Act 255 Emergency Rules (70KB doc).
The newsletter is issued electronically every other month.
Please send comments or questions to Barbro McGinn, editor.