Advertisement

Share
Advertisement



Dept. of Commerce: Governor Doyle Announces Funding for Technology Development Projects
7/28/2005

Contact:
Tony Hozeny, Department of Commerce, 608/267-9661

MADISON - Governor Jim Doyle today announced that three Wisconsin businesses will receive funding for technology development projects from the Department of Commerce (Commerce) Technology Assistance Grant (TAG) and Technology Venture Fund (TVF) Programs.

"Through my Grow Wisconsin initiative, we are supporting and assisting entrepreneurs turn ideas into high-tech businesses that create good paying jobs for our state," Governor Doyle said. "These types of companies help continue to move Wisconsin's economy to the high end, and I am pleased that we could assist with the growth and development of three companies that have great potential."

The projects are as follows:

* Functional Biosciences, Inc. is a Madison company established in 2003 to provide DNA sequencing. It will receive a $250,000 TVF loan for work necessary to commercialize its proprietary DNA sequencing services. The total project cost is $1.6 million. For more information on the company, visit www.functionalbio.com.

* * The NeuronFarm, LLC is a Madison company established in 2001 to develop web-based applications to improve reading comprehension. It will receive a $15,000 TAG to hire professional services to assist in their efforts to obtain early-stage funding. For more information on the company, visit www.neuronfarm.com.

* * ConjuGon, Inc. is a Madison company established in 2001 to develop a new way to kill harmful bacteria. It will receive a $15,000 TAG to hire professional grant research and writing assistance. For more information on the company, visit www.conjugon.com.

The TVF program provides low-interest loans to Wisconsin high-tech companies with fewer than 100 employees that are seeking angel or other seed capital investment to facilitate the capital search. The TAG Program provides grants of up to $15,000 to early-stage Wisconsin high-tech companies to offset costs of hiring qualified independent parties to perform professional services.

For more information about Technology Development programs, contact John Stricker, Commerce, at 608/261-7710.


Printer-friendly version      Send this article to a friend      Share