Stem cell science, streamlined
In developing and marketing its innovative CultureTrax product—software that organizes and stores data to streamline the information collection process for stem cell scientists—Madison-based Cellara benefited from the support of the BioForward industry organization, as well as resources offered by the WEDC: Cellara received a Technology Development Loan and is certified as a Qualified New Business Venture, which can help young companies attract investment due to the tax credits the investors receive through the program.
Resources for startup success
Cellara CEO Scott Fulton says the company’s Wisconsin location has been a major factor in its success due to the resources the state possesses. “It can’t be overstated: if you don’t take advantage of these state resources, you’re crazy,” says Fulton. “There are also tremendous resources for grant-writing, with the Center for Technology Commercialization and UW-Extension. Another benefit is the substantial network of service providers available, such as tax attorneys, accountants and legal help. There are world-class resources available in Wisconsin.”