The state of Wisconsin has qualified seven businesses to receive tax credits under the Qualified New Business Venture program.
QNBV status makes investors in the company eligible for a 25% tax credit on the amount they invest in the business.
The seven newly eligible companies are as follows:
• SnowShoeFoods of Madison, a maker of Smartphone applications that provide loyalty programs and coupons for grocery stores and consumers.
• One Event Technologies of Mount Horeb, developer of a fire detection and monitoring system that can detect hazards more quickly.
• Enhancement Medical of Wauwatosa, an aesthetic medical company that plans to commercialize facial filler products in the U.S. and abroad.
• Invenra of Madison, which is developing peptide therapeutic compounds.
• Caseus Energy of Stratford, which is developing technology to convert sugar in residual sources such as whey into renewable fuel products.
• Pinpoint Software of Onalaska, a software developer that has created Date Check Pro – expiration date management software that allows for the tracking of inventory and expiration dates for grocers.
• NCD Technologies of Madison, which is commercializing nano-cystalline diamond coating technology, initially for a micro-tools market that includes semiconductors, imaging and video equipment, and industrial medical software.
