The Wisconsin startup and tech sector has gotten off to a good start in the month of September, as business news website Xconomy has highlighted. Several companies closed deals last week that will bring a significant influx of capital. Among the most notable cases:
- Imbed Biosciences of Madison has raised $683,000 in a debt and equity funding round.
- Forte Research Systems, a developer of software for clinical research, received a $550,000 state loan to nearly double its staff over the next three years.
- US Health Center, which develops software to help companies boost their employees' wellness, has raised $150,000 in the early stages of its own funding round.
- Gateway Technical College and Vetransfer, a startup accelerator for veterans, were two of 50 programs nationwide that received a $50,000 grant from the Small Business Administration.
- Virent received an undisclosed investment from The Coca-Cola Company for the production of plant-based packaging.
For Wisconsin, recent times have brought slow but steady growth to startups and tech businesses. It is gradually becoming more realistic for these companies to be able to thrive in the Midwest and attract venture capital and later stages of funding without having to move operations to more traditional technological hotbeds on the East or West Coasts. The state's tech sector is therefore growing more competitive, and companies that are able to stay on top of the latest trends will have an advantage over the competition.
One of those trends that experts agree will dominate the next few years across all business sectors is data analysis. Customized FileMaker database development can be a very useful service for companies to gather information and have it easily accessible at all times. With proper analysis, a manager can observe market trends and draw conclusions that will help develop future business strategies.