Venture Debt Program
Our Venture Debt Fund provides high-tech companies with the critical funding they need to reach profitability, in addition to offering qualifying emerging companies the liquidity needed to reach cash flow breakeven and beyond. While providing loans at competitive rates, the Fund also is complementary to early-stage equity sources of capital. MDC and our participating partners have committed more than $13 million to over 46 companies in Dane County through our Fund. For the past 10 years, over 76% of the 1,400 jobs created have provided a quality wage to employees (most of which at two times the current minimum wage).
Our Advisory Board has a deep technical knowledge in the high-tech industry and includes representatives from Venture Investors, the State of Wisconsin Investment Board, 30 Ventures, BioForward Wisconsin, and HealthX Ventures. Our Loan Committee is made up of our Fund Committee investors, which includes MGE, WHEDA and community bankers in the Dane County region.
MDC's Venture Debt Fund has assisted with these companies:
Health Innovations Technologies
Networked Insights Inc.
Idle Free Systems Inc.
Semba Biosciences Inc
Soft Switching Technologies
Gentel Biosciences Inc.
Extract Systems LLC
BioSystem Development LLC
Percipenz Technologies/Forte Research