Innovation is the cornerstone to being successful in today’s technology and knowledge-based global economy. Wisconsin is already home to a world-class academic R&D sector that conducts more than $1.2 billion per year in academic research and development, according to National Science Foundation figures. Also, the state consistently ranks among the nation’s leaders in the number of patents issued. WEDC is committed to enhancing this R&D foundation by increasing both R&D and investment opportunities that support innovative products, processes and services.
The Wisconsin Economic Development Corporation (WEDC) understands that R&D plays a key role in Wisconsin’s economy and our mission is to guide companies to the resources and investment opportunities that will ensure success.
The Entrepreneurship and Innovation division achieves its goals by making early stage investments in entrepreneurs and technology-based companies and by investing in partners who provide entrepreneurship support services. Such support includes investment tax credits and technology development financing.
The Entrepreneurship & Innovation division implements programs that link Wisconsin’s economic development assets and supports initiatives that stimulate start-up companies and angel investment. The division will also invest in companies commercializing innovative products or services, with focus on companies conducting R&D activities, facing prolonged development times or facing significant regulatory barriers.
The Entrepreneurship & Innovation division provides resources to assist with a wide variety of business activities including:
- Proof of concept
- Product development
- Regulatory compliance
- Initial production
- Purchasing critical infrastructure
- Raising investment capital
- Other working capital needs
For initial inquiries, please contact: Aaron Hagar 608-210-6825 Aaron.Hagar@wedc.org
Chris Schiffner 608-210-6826 Chris.Schiffner@wedc.org
For information on licensing, how to start a business and numerous other subjects, please contact the WISCONSIN BUSINESS ANSWERLINE:
Monday to Friday, 8:30 AM to 4:30 PM
Or use this secure online form: https://secure.wisconsinsbdc.org/busanswer/