Contact: Tony Hozeny, Department of Commerce, 608-267-9661
MADISON—Governor Jim Doyle announced today that Lucigen Corporation, Middleton, Dane County, will receive a $200,000 Technology Venture Fund loan from the Department of Commerce (Commerce) to develop a DNA sequencing technology.
“My administration is committed to furthering the development of life sciences,” Governor Doyle said. “Wisconsin is a worldwide leader in this field. I am pleased we could help a company that is striving to advance DNA sequencing.”
Lucigen Corporation was founded in 1998 to develop products and technologies for advancing life science research. The company is in the process of developing a technology that will reduce the time and cost to determine the DNA sequence of a living organism. Total project cost is $1.9 million.
This project builds on Governor Doyle’s efforts to position Wisconsin for future growth. Since taking office in 2003, Governor Doyle has worked aggressively to create and retain jobs in Wisconsin. Governor Doyle’s budget last year created some of the strongest economic development tools in the nation to help businesses create jobs and get people back to work. Wisconsin now has powerful new tax credits to help manufacturers create and retain jobs, new tools to help investors create start-ups, and new incentives to spur research and development.
Earlier this week, Governor Doyle signed the CORE Jobs Act to build on the Governor’s Accelerate Wisconsin plan by creating and expanding a number of tax credit programs for angel and venture capital investments. The bill also strengthens successful programs for manufacturing, research and development, and worker training. In addition, the Governor signed two bills to expand the successful Enterprise Zone program to help create and retain jobs.
For more information on Commerce programs and services, contact the Commerce area development manager at http://commerce.wi.gov/BD/BD-AreaDevManagers.html
