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Technology Development Loan Program is sponsored by Wisconsin Economic Development Corporation (WEDC). This program provides direct financial assistance to startup and emerging growth companies in Wisconsin that are developing and commercializing innovative products and services at critical stages.
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Technology Development Loans Flexible lending options for new technology development Entrepreneurs often have no choice but to get creative when it comes to financing their new ventures. Concept development, prototype production, research, and market analysis all need to be done before traditional investors will consider funding a new company.
Recognizing the need to encourage new ideas in the state, WEDC offers lending options targeting the critical stages of new business development. WEDC’s loan funds are tailored to help innovative companies with promising economic futures clear the hurdles associated with bringing new technologies, products, and concepts to market. Click to view the current guidelines and loan information for this program.
Companies that provide high-tech or innovative solutions with national or global market potential are eligible for WEDC Technology Development Loans, which are tailored to the evolving needs businesses face as they move through their development cycle.
Among the criteria WEDC uses to make investment decisions are financial need, private investment leverage, management team experience, the potential to increase production, and the potential for long-term, positive economic impact in Wisconsin. WEDC financing is generally limited to 20% or less of an identified project or funding cycle. WEDC will require the balance of funding to be available prior to funding the loan.
WEDC will evaluate applications based on factors that include growth potential, timeline, funding, technology, market, execution, cash flow, secondary benefits, need, and business impact. The loan term is typically five to seven years with an interest rate of 6%. Additional terms may include conversion of up to 20% of the loan amount to equity.
Technology Investment Manager Companies and communities are finding success in Wisconsin. Innovation Investment Portfolio news, plus info and resources, delivered right to your inbox. news, plus info and resources, delivered right to your inbox.
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Based on current listing details, eligibility includes: Companies that provide high-tech or innovative solutions with national or global market potential in Wisconsin. Applicants should confirm final requirements in the official notice before submission.
Current published award information indicates Funding amounts vary based on project scope and sponsor guidance. Always verify allowable costs, matching requirements, and funding caps directly in the sponsor documentation.
The current target date is rolling deadlines or periodic funding windows. Build your timeline backwards from this date to cover registrations, approvals, attachments, and final submission checks.
Federal grant success rates typically range from 10-30%, varying by agency and program. Build a strong proposal with clear objectives, measurable outcomes, and a well-justified budget to improve your chances.
Requirements vary by sponsor, but typically include a project narrative, budget justification, organizational capability statement, and key personnel CVs. Check the official notice for the complete list of required attachments.
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Review timelines vary by funder. Federal agencies typically take 3-6 months from submission to award notification. Foundation grants may be faster, often 1-3 months. Check the program's timeline in the official solicitation for specific dates.
Many federal programs offer multi-year funding or allow competitive renewals. Check the official solicitation for continuation and renewal policies. Non-competing continuation applications are common for multi-year awards.
7 Rivers Small Business Revitalization Grant Program is a grant from the Wisconsin Economic Development Corporation (WEDC), administered by the 7 Rivers Alliance, that provides micro-grants of up to $10,000 directly to small businesses in Western Wisconsin, with a focus on rural communities. Funded through a $250,000 WEDC Small Business Development Grant, eligible uses include equipment and technology upgrades, building improvements, façade renovations, new signage, and startup working capital or rent assistance for up to three months. Applicants must participate in up to 20 hours of ongoing education, mentorship, or technical assistance, though businesses may substitute a 10% cash match in lieu of technical assistance. This program targets small businesses looking to stabilize, modernize, or launch operations in underserved rural communities across the 7 Rivers region of Wisconsin.
Small Business Development Grants (SBDG) - Wisconsin (7 Rivers Small Business Revitalization Grant Program) is sponsored by Wisconsin Economic Development Corporation (WEDC) via 7 Rivers Alliance, Inc.. The Small Business Development Grants (SBDG) - Wisconsin 7 Rivers Small Business Revitalization Grant Program is a grant from the Wisconsin Economic Development Corporation (WEDC) via 7 Rivers Alliance, Inc.