As one of the startups selected for the Midwest Energy Research Consortium (M-WERC), Blue Line Battery will receive a $20,000 grant and an additional $20,000 investment at the end of the program. Blue Line Battery, based in Whitewater, engineers and manufactures industrial lithium ion battery systems for motive power and stationary energy storage.
Scanalytics, an affiliate of the Whitewater University Innovation Center, is working to raise $1 million in debt funding. The series A round will be used to fund Scanalytics growth into new applications. According to a new SEC filing, Scanalytics has already raised $533,000 from three investors.
Polco was one of four companies to receive a $25,000 investment offer from an Entrepreneurs' Organization-Houston investment group. Investors offered a total of $550,000 to veteran-owned companies at the 4th annual Veterans Business Battle.
Scanalytics Inc., a Milwaukee company and affiliate of the Whitewater Innovation Center, has received a $200,000 loan from the WEDC.
In the latest round of the Capital Catalyst Program, three Wisconsin communities were awarded $700,000 to support their local startups: Milwaukee, Oshkosh and Whitewater.