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Five technology companies qualify for investor tax credits

Madison, Wis. - The Department of Commerce (Commerce) has qualified five small businesses for investor tax credits under the new Angel Investor and Venture Fund Tax Credit Programs.

"By encouraging investors through tax credits to make these crucial investments, we are helping to turn these great ideas into viable, job-creating businesses," Gov. Jim Doyle said.

The Angel Investor and Venture Fund Tax Credit Programs offer Wisconsin income tax credits to angel investors and investors in seed-stage venture capital funds. These programs are designed to increase the supply of both qualified angel investors and investors in qualified venture capital funds. The tax credits are available only for investments made in technology businesses qualified by Commerce.

The following five companies qualify for investor tax credits:

POINTONE Systems, LLC, Wauwatosa, Milwaukee County. Established in 2001, POINTONE provides physicians with the tools and information to consistently apply best practice guidelines. For more information about the company, visit www.pointonesystems.com.
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Keelate Laboratories LLC, Porterfield, Marinette County, was established in 2005 to develop new methods to administer topical pharmaceuticals.

US Trail Maps, Wausau, Marathon County. Established in 2005 to provide interactive mapping products for off-road trails in this nation. For more information, visit www.ustrailmaps.com

Renovar, Inc., Madison, Dane County. Established in 1999 to diagnose, monitor and treat kidney transplants. For more information, visit www.renovarinc.com.

Semba, Inc., Stoughton, Dane County. Founded in 2005 to produce a liquid separation device for drug discovery and development.

For further information on the Angel Investor and Venture Fund Tax Credit Programs, contact John Stricker, Department of Commerce, at 608-261-7710.

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