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Find similar grantsTechnology Development Loan (TDL) Program is sponsored by Wisconsin Economic Development Corporation (WEDC). The TDL program helps young companies in Wisconsin bring new technologies, products, and concepts to market. This could be relevant for a startup developing AI-powered composting solutions.
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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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According to the current listing, eligibility includes: Early-stage Wisconsin companies providing high-tech or innovative solutions with national/global market potential, demonstrated financial need, experienced management teams, and potential for positive economic impact in Wisconsin. Confirm the full requirements in the official notice before applying.
Technology Development Loan (TDL) Program is funded by Wisconsin Economic Development Corporation (WEDC). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Wisconsin. If your organization operates elsewhere, check the official notice for location requirements.
Applications go through the funder's official portal — the Apply Now link on this page goes there directly.
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