WEDC: Gov. Walker certifies Qualified New Business Ventures
Contact: David Volz, 608-266-2125
MADISON - Governor Scott Walker announced that two companies, Asthmapolis and Door 6, Inc., both of Madison, have received the Qualified New Business Venture certification from the former Department of Commerce.
The QNBV status makes investors in the companies eligible for a 25-percent tax credit on the amount they invest in the businesses.
"It’s important to encourage investors to provide capital to burgeoning Wisconsin companies," Governor Walker said. "Those investments will help these companies progress toward greater prosperity and job creation for Wisconsin workers in high-tech fields."
Asthmapolis was founded in August 2010 to develop asthma management solutions to include medication sensors, mobile phone apps and advanced analytics to minimize symptoms and reduce risks of asthma attacks. In 2009 four hundred units of the prototype devise were produced and have been leased out for use in clinical and epidemiological studies by academic research teams and public health agencies.
Door 6 is a mobile game development studio founded in June 2009. The company markets the mobile game “Vacuum” on Android, and has targeted its next product release, “Atmosphere”, for the iOS App Store and Android Market in the fourth quarter of 2011.
For additional information about the Qualified New Business Venture program, please visit http://www.commerce.wi.gov/bd/BD-Act255-QNBV.html.
The WEDC is Wisconsin's lead economic development agency. Created in statute as a public authority, the WEDC is responsible for economic development activities previously administered by the Department of Commerce, a state agency eliminated on July 1, 2011.