Two Milwaukee startup companies have received Qualified New Business Venture (QNBV) certification from the Wisconsin Economic Development Corporation (WEDC).
QNBV status allows investors in qualified startup and early-stage companies to receive a 25 percent state tax credit on the amount they invest in the business. The program, one of several WEDC initiatives aimed at supporting startups, helps early-stage companies secure new investment and accelerates their potential for growth and job creation in Wisconsin.
Access HealthNet Holdings Inc., a health care technology startup, is eligible for up to $500,000 in tax credits. Mikroflot Technologies LLC, which has developed an innovative method for treating wastewater, has been certified for up to $312,500 in credits.
Founded in 2014 by a team of health care specialists, Access HealthNet works with self-insured employers and health care providers to create bundled health care procedures that are offered for a flat rate via a free-market technology platform. The company, which is rapidly expanding and just relocated to a new office on West Michigan Street in downtown Milwaukee, expects to create up to 50 jobs this year.