Wisconsin Governor Doyle Announces $250,000 to Integrated Genomics, Inc.

Company Relocating Lab and Commercial Operations From Chicago to Madison

June 02, 2009 -- MADISON – Wisconsin Governor Jim Doyle today announced that Integrated Genomics, Inc. will receive a $200,000 loan and $50,000 grant from the Technology Venture Fund. The company plans to relocate its laboratory and commercial operations from Chicago to Madison. This project could create up to 18 new positions.

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“Integrated Genomics, Inc. is exactly the type of company our state should be investing in – companies that are developing innovative solutions in the biotechnology industry,” Governor Doyle said. “I am pleased to welcome Integrated Genomics, Inc. to Madison and to support the company’s efforts in advancing and benefiting the field of microbial genetics.”

“Madison, Wisconsin has the scientific talent pool that a microbial metabolic engineering company requires to be successful,” said Jonathan M. Sheridan, president and CEO of Integrated Genomics, Inc. “Wisconsin has also shown the ability to draw and help develop a rich and thriving biotech community through efforts of the state, local government and not for profit organizations.”

Integrated Genomics, Inc. was founded in Chicago, IL in 1997 and is now a leader in the field of microbial genetics. The company is working on enhancing its current product line and expanding its microbial metabolic engineering services. Integrated Genomics, Inc. plans to use the funds to relocate the laboratory to Madison and purchase equipment.

For more information on Commerce programs and services, contact the Commerce Area development manager at http://commerce.wi.gov/BD/BD-AreaDevManagers.html

Source: Wisconsin Governor