The Wisconsin Rural Enterprise Fund (WREF) was formally organized as a community-based Venture Fund to provide a source of equity investment for newly formed start-up businesses that eventually would provide high-skill, high-wage paying jobs for the Region and all of Northwest Wisconsin. The concept of a rural-based fund for Northern Wisconsin was a new approach at the time.
Since its formation, WREF has attracted a total investment of $2,125,000.
The Development Association of Superior and Douglas County
River Falls Economic Development Corporation
The WREF has made Equity Investments of $35,000 to $200,000, totaling $2,052,880. All of the companies involved were either start-up or early-stage and the investments by WREF assisted the company to leverage other equity funds.
Examples of companies in the fund include:
Paradigm Diagnostics, Inc.
BioDrain Medical, Inc.
Digital Data Destruction, Inc.
Sportsman's Marketing, Inc.
Fresh Aire Screen Technology LLC
American Oats, Inc.
Real Time Translation, Inc.
Energy Print, Inc.
US Food and Pharmaceuticals
These companies among others the WREF assisted are evidence that new hi-tech firms can be created and be successful in rural Northwest Wisconsin.
Please see our list of Business Resources for general information and resources on business development.