The Wisconsin Economic Development Corp. certified three area companies for Early Stage Investment tax credits, making them Qualified New Business Ventures (QNBV). They include: BadgerMax, Inc. of Waunakee, which has developed an isotonic energy drink; Winstruments, Inc. (operating under the name Subsidence) of Madison, which developed a proprietary hail and three-dimensional wind measurement device; and SOLOMO Technology, Inc., also of Madison, which is building a mobile personal identity management system and indoor location-based service enterprise software platform.
Investors in QNBV-certified companies are eligible for a 25% tax credit on the amount they invest in the businesses.
SOLOMO also was approved for a $125,000 Wisconsin Venture Debt Fund loan.
