QNBV Program Celebrates 10 Years, 178 Certified Companies in 2014

In this issue of InVest, your source for news on deal flow and venture investment activities throughout the state, we’re taking a look at the operations and successes outlined in the 2014 Qualified New Business Venture Program (QNBV) report.

Since its implementation 10 years ago, the QNBV Program has helped create an environment in Wisconsin that is both conducive to new business development and attractive to global investors. Over the past decade, 298 companies received QNBV certification to help their business grow and bring their innovative ideas to market.

In 2014 alone, 21 new companies received QNBV certification, bringing the number of companies currently in the program to 178. Through the program, investors received $12.8 million in tax credits in 2014 in return for investing $51.1 million into promising young companies. Meanwhile, the companies were able to attract an additional $123.1 million in outside investment—a 14:1 return on WEDC’s investment.

Find additional investment news and resources in Wisconsin below.

REPORT HIGHLIGHTS: Read the full 2014 QNBV report

INVESTOR PROFILE

Wisconsin Investment Partners (WIP) is a network of angel investors who seek out early stage investments in startups, focusing on the technology and life science sectors. Notable early stage investments include Forward Health Group, Murfie, Showshoe and Hopster.

FUNDING SOURCE

Learn more about the SBIR Advance Matching Grant Program from David Linz of the UW-Extension, who provides insight into how the program fills the gaps left behind by federal SBIR or STTR funding and helps to accelerate product commercialization.

COMPANY PROFILE

Fasetto is a cloud storage, content sharing and messaging program that enables users to send files of any size. Coy Christmas shares what triggered his interest in developing this revolutionary technology, along with advice for entrepreneurs looking to bring their ideas to life.

To discover more about the innovation happening In Wisconsin^®, contact Aaron Hagar at 608.210.6825 or aaron.hagar@wedc.org.

This message was sent by: Wisconsin Economic Development Corporation 201 W. Washington Avenue Madison, WI 53703

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