BrightStar Foundation announces new investments

Special to The Freeman

March 17, 2014

Tom Shannon is the president and CEO of BrightStar Wisconsin
Photo supplied

MILWAUKEE BrightStar Wisconsin Foundation Inc. on Monday said its investment committee has authorized funding for its first three early stage Wisconsin companies.

A nonprofit that strives to promote job creation and economic growth by investing in young Wisconsin companies, BrightStar was founded last year by eight business leaders and early-stage investors who pledged nearly $6 million to start the fund.

Tom Shannon is the president and CEO of the organization.

The companies receiving the BrightStar investment are: Engineered Propulsion Systems Inc., New Richmond; Stemina Biomarker Discovery Inc., Madison; and 425 Inc., Mount Pleasant.

The initial investments total more than $250,000.