State qualifies two more technology companies for Act 255 investor credits

Madison, Wis. - The Wisconsin Department of Commerce has qualified early-stage technology companies in Madison and Milwaukee for investor tax credits under the angel investor and venture fund tax credit programs.

The Madison business is Perscitus Biosciences, which was founded in 2006 to develop a molecule that has shown an ability to protect healthy human cells against the harmful effects of chemotherapy and radiation, and a protein assay that allows researchers to accelerate the identification of unknown binding proteins.

In addition, HTSS, LLC of Milwaukee is developing a patent-pending monitoring technology that uses electromyography and software to analyze muscle activity in an attempt to reduce injuries during exercise. The company was founded in 2007.

The tax credit program provides incentives to make investments in these and other qualified companies. People that invest in the businesses are able to claim tax credits under legislation enacted in 2004.