Coming improvements in Wisconsin’s successful program to provide tax credits to investors in qualified early stage deals will be the topic of a panel discussion at the Tuesday, Nov. 23 luncheon meeting of the Wisconsin Innovation Network in Madison.
The luncheon will be held at the Sheraton Hotel on Madison’s John Nolen Drive. Registration and networking begin at 11:30 a.m., lunch at noon and the presentation at 12:30 p.m. The cost is $25 for WIN members, $35 for non-members and included with WIN corporate memberships. Register at www.wisconsintechnologycouncil.com.
“Wisconsin’s investment tax credits: What’s working and what happens next?” will feature: Zach Brandon, deputy secretary of the Wisconsin Department of Commerce; Joe Hildebrandt of Phenomenelle Angels and DaneVest Tech Fund; and Joe Kremer, director of the Wisconsin Angel Network. Tom Still, president of the Wisconsin Technology Council will moderate.
Wisconsin’s investor tax credits law, “Accelerate Wisconsin” or Act 255, has been cited as a national model. Changes that will take effect effective Jan. 1, 2011, include a tripling of the total pools of credits, a doubling of the amount investors can invest in a company and still receive credits, and other improvements.
The enactment of the Act 255 credits nearly six years ago and the creation of the Wisconsin Angel Network have combined to spur increases in the number of angel networks (from six to 23), the number of reported angel deals (up five-fold) and the amount invested in early stage deals ($22.1 million in 2009).
To read the Tech Council’s 2010-2011 recommendations for further improving access to capital, download a copy of their white papers here.
WIN is the membership arm of the Tech Council, the independent, non-profit science and technology adviser to the governor and the Legislature. It has chapters in Milwaukee, Madison, Northeast Wisconsin, Central Wisconsin, the Lake Superior region and Western Wisconsin.