Tony Hozeny, Department of Commerce, 608/267-9661
MADISON – Gov. Jim Doyle today announced that Visonex, LLC, Green Bay, Brown County, will receive $100,000 from the Department of Commerce (Commerce) Technology Venture Fund (TVF) program, $6,000 from the Commerce Business Employees Skills Training (BEST) program, and $3,000 from the Technology Assistance Grant (TAG) program. Department of Commerce Secretary Mary P. Burke today presented the award on behalf of the Governor in Green Bay.
“Through my Grow Wisconsin plan, we are supporting and assisting entrepreneurs as they develop new high-tech businesses to create more good paying jobs for our state,” Gov. Doyle said. “Companies like Visonex 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 this great Wisconsin company.”
Visonex, LLC provides a web-based disease management reporting service. The company will create nine jobs and retain 10 jobs. Visonex will use the funds to purchase equipment and for research and development costs. The total project cost is $620,500.
“Now that we have an established market presence and a solid industry reputation, these funds will assist us in adding key functionality to our application,” said. Visonex, LLC President John Opichka. “This will increase our market appeal to larger health care institutions.”
Businesses throughout Wisconsin can apply for funds through the BEST program for assistance in training employees. Interested businesses should contact their Commerce Area Development Manager to determine if one of Commerce’s programs can assist them. Contact information can be found at www.commerce.wi.gov/MT/MT-FAX-0901.html.
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 further assistance, contact Cheryl Gain, Commerce, at 608/261-7721.