The latest recipients of state grant funding for innovation commercialization include a Madison company developing a new potential treatment for Covid-19 and a Middleton health tech firm building software that would benefit cancer patients.

Those startups are among seven small businesses in Wisconsin — including two with headquarters in the Milwaukee area — that will receive a total of up to $600,000 from the state’s SBIR Advance program, according to a Monday announcement.

The program provides matching grants to companies that receive funding through the federal Small Business Innovation Research (SBIR) or Small Business Technology Transfer (STTR) programs. Recipients also receive business consulting support including Lean Startup training and business plan reviews.

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