Qualified New Business Venture (QNBV) Program
Open continuously
No deadline — apply whenever you are ready.
Startups seek QNBV certification; their investors (angels, angel networks, Qualified Venture Funds) get a 25% tax credit on qualified equity investments
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Major bid — written case, budget, possibly partners.
Who can apply
- Under 10 years old
- Up to 100 employees
- small enterprises
- Sectors: deeptech, health, ai, manufacturing, agri
- Stage: pre-seed, seed and Series A
- Locally registered entity required
Must be headquartered in Wisconsin with at least 51% of employees and payroll in the state, fewer than 100 employees, operating 10 consecutive years or less, demonstrating significant potential for job or capital investment growth, and not having received more than $10 million in aggregate private equity or venture capital. Excluded industries: real estate development, insurance, banking, lending, lobbying, political consulting, professional services, wholesale/retail trade, leisure, hospitality, transportation and most construction.
How to apply
- Apply to WEDC for QNBV certification
- If certified, raise qualified equity investment from eligible investors
- Report the investments to WEDC so investor credits can be verified
What you will need
- Business plan
- Financial statements and cap table
- Evidence of Wisconsin headquarters and payroll
Related reading: How grant deadlines actually work · The EU SME definition (Recommendation 2003/361)
Source. https://wedc.org/programs/qualified-new-business-venture/
"For investors (angel investors, angel investment networks, or Qualified Venture Funds (QVFs), it offers a 25% tax credit on qualified equity investments."
Last checked against the official page on 5 October 2026
Source: wedc.org
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