WEDC helping farm-related tech startups in Wisconsin

The 2022 Wisconsin Farm Technology Days will run from July 12-14 in Clark County, highlighting Wisconsin companies in the farm technology industry. The Wisconsin Economic Development Corporation (WEDC) has helped many such businesses emerge over the years with its Qualified New Business Venture (QNBV) program.

QNBV is intended to encourage equity investment in technology-based businesses, including farming-related ones, in the state of Wisconsin. By giving eligible angel and venture fund investors a Wisconsin income tax credit equal to 25 percent of the value of their investments, the program helps tech-based startups develop products, enter markets and create high-quality jobs as they emerge in their industries.

“Farming is such an integral part of our state and regional economy, so helping industry-changing products in their early stages is a key mission of ours,” said Missy Hughes, secretary and CEO of WEDC, the state’s leading economic development organization. “WEDC is proud to have supported so many companies in this field, and we can’t wait to see them continue to grow and thrive.”

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Note: Field Prophet is a UW—Madison startup and recipient of a D2P SEED grant. Co-founders Damon Smith and Roger Schmidt  have engaged with Innovate Network member organizations/entrepreneurial programs.