In 2016, WEDC’s Qualified New Business Venture (QNBV) Program helped 84 startups throughout the state draw more than $71.7 million in qualified investment, with the help of $17.9 million in tax credits. A total of 211 companies are certified through the program, which is helping to create a thriving startup ecosystem in Wisconsin. The total amount of funding received by QNBV companies, including qualified investment and all other sources, reached a record total of $281.7 million in 2016.
Three industries in particular saw the largest share of funding in 2016: QNBV-certified companies in information technology, biotechnology and health technology garnered $105.5 million, $81.7 million and $44.7 million respectively.
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