Wisconsin's decision to give tax credits to investors in early-stage companies has shown results in its first calendar year, especially for individual investors.
Angel investors have so far applied for $1.8 million of the $3 million in available tax credits for 2005, state Department of Commerce figures show. But of the $3.5 million in tax credits available to venture capitalists, almost ......Full article >>>
255 just made it possible to attract larger dollars," he said.
Like NeoClone, most of the qualifying companies so far are Madison-based, perhaps because of greater awareness.
"We've found that the companies in Milwaukee are certainly very interested in being listed as soon as an investor is interested in them being listed," said Pehr Anderson, managing director of the Silicon P......Full article >>>
erce. There are 39 now, the majority in Madison, and department spokesperson Tony Hozeny said the goal for processing a new application is two weeks. Unused tax credits in a year will roll over, he said.
The act provides $35 million in venture credits and $30 million in angel credits over 10 years. Beginning January 1, 2006, the credits will only apply to investments in companies that the......Full article >>>
Source:wistechnology.com By Jason Stitt 12/07/05Related biology technology :1
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