OCTOBER 2019
 
 

Investment in Wisconsin startups reaches new record

In 2018, WEDC’s Qualified New Business Venture (QNBV) Program helped 71 startups throughout the state draw more than $64 million in qualified investment, incentivized by $16 million in tax credits. A total of 238 companies are currently certified to receive investment through the program, which helps startups access funding by providing tax credits for investors. The total amount of funding received by QNBV companies, including qualified investment and all other sources, reached a record total of $334.6 million in 2018.

For the first time, this year’s report breaks out health information technology as a growing specialty field, separate from health technology and information technology. Companies in this category constituted 10% of all companies certified through the program in 2018.

 
 
2018-qnbv.png
 
 
 
 
 
 
 
WARF Ventures logo
 
INVESTOR PROFILE:
WARF Ventures

The organization works to advance UW-Madison and Morgridge Institute for Research technologies by investing in select startups with a connection to UW faculty, students or alumni.
 
 
EmOpti Logo
 
COMPANY PROFILE:
EmOpti

The Brookfield-based company provides innovative technolgy to health systems to speed up patient flow in acute care facilities.
 
 
Northwest Side Community Development Corporation Milwaukee logo
 
FUNDING SOURCE:
Northwest Side Community Development Corporation

Founded in 1983, the nonprofit has a mission of improving the business environment on Milwaukee's northwest side through community economic development.
 
 
 
 

CHECK OUT OUR LAUNCH BLOG

 

Find these posts and more on our Launch blog:

WEDC now accepting Entrepreneurship Support grant applications
UW Health's Isthmus Project accelerator
Wisconsin's blockchain companies demonstrate the technology's problem-solving potential

 
GO TO THE LAUNCH BLOG
 
 
 
 
 
 

To discover more about the innovation happening In Wisconsin®, contact Aaron Hagar at 608.210.6825 or by email.

 
 
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