July 21, 2015

Spotlight on Madison Region QNBV Companies

Middleton-based Lucigen has grown from one employee to its current 53 employees since its founding in 1998, with many employees initially coming to Wisconsin to attend the state’s educational institutions. The company has raised more than $2.6 million in eligible investments over the last decade. “Thanks largely to the QNBV Program, Lucigen has been able to secure the investor funding needed to advance development of the ClariLight molecular diagnostic assay platform,” says CEO Ralph Kauten.

PerBlue was created by two UW-Madison students who decided to turn their passion for video games into a business. The two friends developed a mobile role playing game (RPG) that would utilize smartphones’ GPS. Mobile gaming -- unexplored frontier back in 2008 -- is now a $20 billion global market. PerBlue now has 25 full time employees, and its games have been played by more than 10 million people around the world. The company has raised three rounds of funding so far, and QNBV certification was instrumental in enabling that, says COO Forrest Woolworth. “We’ve been able to reach more investors, and they’ve been able to justify writing larger checks because of the tax advantages offered by the QNBV Program,” he says.