MADISON, WIS. – Governor Jim Doyle today announced that the Department of
Commerce (Commerce) has qualified GenTel BioSurfaces, Inc. for investor tax
credits under the new Angel Investor and Venture Fund Tax Credit Programs
created by Act 255.
“This gives us quite a boost as we embark on our fundraising efforts”, said
Alex Vodenlich, President and CEO of GenTel Bio. “I believe we have an
exciting investment opportunity and I look forward to connecting with our
Wisconsin resident angel investors”.
The Angel Investor and Venture Fund Tax Credit Programs offer Wisconsin
income tax credits to angel investors and investors in seed-stage venture
capital funds. These programs are designed to increase the supply of both
qualified angel investors and investors in qualified venture capital funds.
The tax credits are available only for investments made in technology
businesses qualified by Commerce.
GenTel BioSurfaces, Inc. develops, manufactures, and sells high-quality
biochip products based on industry-transforming technologies. GenTel is
addressing critical issues in the biochip industry by reinventing the
technology on which biochips are based. These revolutionary technologies are
expected to enable biochips to become an essential tool for every life
scientist, drug discovery researcher, and physician.
More information about GenTel BioSurfaces, Inc. can be obtained at
www.gentelbio.com or by contacting: Alex D. Vodenlich, president and CEO at
608-217-5587; [email protected]