Angel and Early Stage Seed Investment Tax Credits
The Angel Investment and Venture Capital Tax Credit programs are designed to encourage investment in small, high-technology businesses that have high growth potential. Early-stage businesses conducting pre-commercialization activities related to proprietary technology may be designated as Qualified New Business Ventures. Angel investors, angel investment networks and venture capital seed funds may qualify for Wisconsin tax credits by investing in these designated companies.
Click here to learn more about Angel Investment Tax Credits (Wisconsin Statute 238.15).
Click here to access to the Interim Act 255 Report.
For more information about Angel Investment and Early Stage Seed Investment Tax Credits, contact: Chris Schiffner, 608-267-2425 Chris.Schiffner@Wisconsin.gov.
Qualified New Business Venture Certification
Administered by WEDC, the QNBV program provides tax credits to eligible investors who make cash equity investments in qualified early-stage businesses. If all eligibility requirements are met, investors receive a tax credit equal to 25 percent of the value of the investment made in the company. The investments incented by this program provide the capital necessary for emerging growth companies to develop new products and technologies, move products to market and provide high quality jobs in Wisconsin. A company eligible for certification must meet the following criteria:
- It is headquartered in Wisconsin.
- At least 51% of the employees are based in this state.
- It has fewer than 100 employees.
- It has been in operation for not more than 10 consecutive years.
- It has the potential for increasing jobs in this state, or increasing capital investment in this state.
- It is engaged in, or has committed to engage in, innovation in this state.
- It is not primarily engaged in real estate development; insurance; banking; lending; lobbying; political consulting; professional services provided by attorneys, accountants, business consultants, physicians or health care consultants; wholesale or retail trade; leisure; hospitality; transportation; or construction, except construction of power production plants that derive energy from a renewable resource.
- At the time it is first certified, it has not received aggregate private equity investment in cash of more than $10 million.
Click here for the list of businesses certified for the Qualified New Business Venture.
Click here for a list of qualified venture funds.
For initial inquiries or to obtain an application:
Aaron Hagar
608-267-0769 Aaron.Hagar@wedc.org
*Interested parties should be prepared to submit documents including but not limited to a business plan or a detailed project summary.
