Madison Biotechs Get Commerce Grants
Published: Apr 07, 2005
Governor Doyle announced Tuesday that two Dane county businesses will receive funding for their technology development projects through the Department of Commerce Technology Assistance Grant program. BioSystem Development LLC of Middleton, will receive $11,250 to assist in its development of improved methods of protein analysis. The company will use this award to finish a patent-filing project. "Since we are not a university spin-off, we have not had the benefit of WARF to complete our patent filings, and it has been challenging to raise seed round investment money without having our intellectual property situation well under control," said Scott Fulton, a BioSystem representative. The second grant recipient, Quintessence Biosciences of Madison will receive $15,000. The company develops protein-based therapeutics to treat disease. The company will use the funding to hire professional grant researchers and writers.