Governor's Business Plan Contest
Entry deadline for the 2010 contest is Jan. 31 at 5 p.m.
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See the latest updates on business and investing in Wisconsin.
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WAN Members
Investor-members Appletree Capital Badger AgVest Baird Venture Partners
Brady Corporation Capital Midwest Capvest Venture Fund Central WI Business Angels Continuum Investment Partners DaneVest Daycholah Capital Golden Angels Network Kegonsa Partners Lake Superior Angel Network Marshfield Investment Partners Mason Wells MDC Venture Debt Fund NEW Capital Fund Peak Ridge Capital Origin Investment Group Pennies from Heaven Phenomenelle Angels Fund Promega Corporation Silicon Pastures St. Croix Valley Angel Network Stateline Angels Successful Entrepreneur Investors Triathlon Medical Ventures Venture Investors Wisconsin Investment Partners Women Angels, LLC Informal networks: 1
Advisory Committee Sec. Lorrie Keating Heinemann (Chair) Dept. of Financial Institutions Sec. Dick Leinenkugel Dept. of Commerce Tim Keane Golden Angels Network Richard Leazer Wisconsin Investment Partners John Neis Venture Investors Tom Still Wisconsin Technology Council David Ward NorthStar Economics
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| In Wisconsin we have learned that success in increasing our pool of risk capital rests, in no small part, on our neighbors investing early stage investment dollars separately or with others in Wisconsin. The I-Q Corridor, the Wisconsin Technology Council's brand for the region encompassing much of Illinois, Minnesota and Wisconsin, will enhance its entrepreneurial economy and global competitiveness by working together. An example of this collaboration will take place 5 to 8 p.m. Thursday, Jan. 28 in eight cities around the region. Called the I-Q Corridor Investors' Forum, investors will be linking up together via video conferencing technologies to review investment presentations by three entrepreneurs. If you are an accredited investor and near one of the Forum's locations, please join us. Follow this link to more information on the program and details on the locations. |
2010 Governor's Business Plan Contest entry deadline Jan. 31, 5 p.m.
The Wisconsin Governor's Business Plan Contest is an opportunity for high-tech start-ups to gain exposure and compete for a grand prize valued at $50,000. The 2010 competition, produced by the Wisconsin Technology Council along with several partners, is accepting entries now through 5 p.m. on Sunday, Jan. 31. During the six-month competition, contestants will receive mentoring and comments on their business plans from judges. The contest is designed to not only benefit the winner. In the past, finalists have raised $11 million in private equity and some have been acquired after gaining exposure through the contest. For more information on entering or to become a sponsor, watch a video introduction by clicking here or visit www.govsbizplancontest.com. |
Term sheets, valuations and negotiations
Tim Keane, founder of the Golden Angels Network, recently posted at his blog, Startups and angels: Along the way to success, some advice and thoughts for entrepreneurs negotiating funding rounds. Tim, a successful entrepreneur and investor, gives insight on what investors are thinking as they negotiate with entrepreneurs. The post includes a useful spreadsheet designed to help entrepreneurs understand key points to term sheet negotiations. Follow this link to the post. |
Tech leaders survey results
Technology industry executives who responded to the fourth-quarter WisBusiness.com Tech Leaders Survey continued to temper how they rated the condition of the state's economy - even as they ranked the prospects for their own companies as good. Those same executives weighed in on the national health-care debate through three questions tied to Capitol Hill discussions of how to reform the current system. Nearly 80 (77.9) percent of the executives who responded to the survey said that health care was a big (38.7 percent) or somewhat of a concern (39.2) when they and their company consider hiring new employees. Almost 16 (15.8) percent said health care was not much of a concern when considering new hiring. More than six (6.25) percent said health care wasn't a concern at all when considering hiring new employees. Read the full results of the poll by following this link. |
Power of Angel Investing seminar in Milwaukee
The Angel Capital Educational Foundation's Power of Angel Investing seminar will be coming to Milwaukee, WI on Friday, February 26. This well-known event has been presented in most major US cities to high acclaim. The program is designed for accredited investors interested in learning about best practices in angel investing. This is also a good opportunity for investors to network. Presented by The Marquette University Golden Angels, the event will be led by Bob Okabe of RPX Group, a well-known leader in angel investing strategies. Follow this link to more information. |
Upcoming Events
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In Closing
The Wisconsin Technology Council and Wisconsin Angel Network have suggested an I-Q Corridor investment tax credit. This could be possible if Illinois and Minnesota passed legislation similar to Wisconsin's law, which provides early stage investors in qualified start-ups a 25 percent tax credit. Illinois is currently drafting its legislation while Minnesota's legislation is in committee and appears to be at risk. Read more on the latest in Minnesota by clicking here. By linking the I-Q Corridor together with a tax credit available for all investors, no matter what state they may reside in, we will attract capital to the region and benefit our economies.
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Joe Kremer, director Wisconsin Angel Network
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