WEDC approves tax credits, loans for start-ups

The Wisconsin Economic Development Corporation announced approval of early stage tax credits for four emerging Wisconsin companies.

WEDC approved Qualified News Business Venture tax credits for Ebullient Technologies, Madison; WeMontage, Neenah; Zero Locus, Inc., Milwaukee; and Healthfinch, Inc., Madison.

The Qualified New Business Venture status makes investors in the company eligible for a 25 percent tax credit on the amount they invest in the business.

Milwaukee-based Zero Locus Inc. is developing software systems and algorithms to perform analytics on very large data sets. The company is working with gener8tor and American Family Insurance to address a specific concern within American Family lnsurance that can be solved using knowledge, methods, and tools that can be generalized to other problem areas in multiple industries.

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