Functional Biosciences, Inc Honored as One of the 2011 “Wisconsin Companies to Watch”
(Madison) – Functional Biosciences, Inc. has been recognized as one of the thirty-three 2011 “Wisconsin Companies to Watch,” an awards program presented by the Wisconsin Entrepreneurs’ Network (WEN) with support from the Wisconsin SBDC Network and the Division of Entrepreneurship and Economic Development (DEED) at the University of Wisconsin-Extension in association with the Edward Lowe Foundation.
“I’m pleased to recognize the winners of the Companies To Watch Award,” said Department of Commerce Secretary Paul Jadin. “These companies are poised for future growth and will help drive investment and job creation in Wisconsin.”
"CTW acknowledges companies at the crucial stage of growth where financial potential, concept and management have been established, and attracting talented workers, solid vendor relationships and access to peer learning are key components of future growth," added Gayle Kugler. The Edward Lowe Foundation's studies have shown second-stage companies are the ones who generate jobs and economic growth in their communities.
Companies making it to the Wisconsin Companies to Watch list are a remarkable group of second-stage companies. Defined as having 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants, these companies form the backbone of Wisconsin’s economy. Representing all regions of the state and a diverse range of industries, companies like Functional Biosciences are known for their exceptional entrepreneurial leadership, creation of innovation or use of innovation in creative ways, and their sustainable competitive advantage.
During 2006-2008, Wisconsin's resident companies averaged more than 34,000 second-stage establishments, according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed more than 822,000 workers (that's more than 36 percent of the jobs created by companies headquartered in the state).
Winners were selected by judges from the banking, economic development, entrepreneurial and angel communities.
About Functional Biosciences, Inc: Functional Biosciences, Inc. established 2003, provides high quality DNA sequencing services to researchers across the globe. Using a patented microfluidic system Functional Biosciences is able to greatly reduce the DNA sequencing reaction volume directly leading to lower costs. For more information about Functional Biosciences’ services visit www.functionalbio.com.
About Wisconsin Companies to Watch: Wisconsin Companies to Watch is presented by the Wisconsin Entrepreneurs’ Network (WEN) with support from the Wisconsin SBDC Network and the Division of Entrepreneurship and Economic Development (DEED) at the University of Wisconsin-Extension in association with the Edward Lowe Foundation.
Support for Wisconsin Companies to Watch is generously provided by the Wisconsin SBDC Network, Reinhart Boerner Van Deuren SC, Kenosha Area Business Association, Madison Gas and Electric and Thrive. Additional services are provided by Wisconsin Economic Development Association and BioForward.