Two Wisconsin startups certified as Qualified New Business Ventures

MADISON, WI. March 28, 2017 – Two Wisconsin 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.

Madison-based Re Mixers Inc., which has developed an innovative mixing nozzle for two-component adhesives, and Au Naturale Cosmetics Inc., a Green Bay developer and manufacturer of all-natural cosmetics, have each been certified to receive up to $125,000 in investor tax credits.

Re Mixers was founded in 2016 by two University of Wisconsin-Madison College of Engineering graduates, Eric Ronning and Brian Pekron. The company has developed a disposable mixing nozzle that reduces waste in the two-component industrial mixing process involving epoxy and hardener. The nozzle can increase the performance of two-part epoxies by up to 20 percent while reducing the amount of adhesive waste by half.

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- - Volume: 5 - WEEK: 13 Date: 3/30/2017 8:01:42 AM -