25 Feb Stratatech gets $500,000 in funding
MADISON – Governor Jim Doyle today announced that Stratatech Corporation in Madison will receive a $500,000 loan from the Department of Commerce.
“It’s important we continue to invest in developing technology that will help Wisconsin compete at the high end of the global economy,” Governor Doyle said. “I am pleased we could help further the opportunities of leading companies like Stratatech Corporation that are striving to improve technology in the medical field.”
Stratatech Corporation, founded in 1999, is a regenerative medicine company that develops cell-based, tissue-engineered products for wound care. The company will use the funds to develop and finalize clinical trial activities. Total project cost is $11,250,000.