Resource Details

Business, Economic Development, Start-Up & Entrepreneur, Technology

Technology Development Loan Program

Entrepreneurs often have no choice but to get creative when it comes to financing their new ventures. Concept development, prototype production, research and market analysis all need to be done before traditional investors will consider funding a new company. Recognizing the need to encourage new ideas in the state, the Wisconsin Economic Development Corporation (WEDC) offers lending options targeting the critical stages of new business development. WEDC’s loan funds are tailored to help innovative companies with promising economic futures clear the hurdles associated with bringing new technologies, products and concepts to market.

The program provides direct financial assistance to startup and emerging growth companies in Wisconsin that are developing and commercializing innovative products and services at critical stages in their development. The TDL program is intended to provide capital to those companies that have the potential to add to Wisconsin’s economic base over the long-term by attracting and training a high-wage, high-skill workforce and establishing a unique competitive advantage. The funds can be used as working capital and require leverage from outside funding for the business development project or funding round under consideration. The program goal is to support technology-based startup and emerging growth companies in the state of Wisconsin.

Eligibility

Companies that provide high-tech or innovative solutions with national or global market potential are eligible for WEDC Technology Development Loans.

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