The Wisconsin Economic Development Corporation has certified Re Mixers as a Qualified New Business Venture (QNBV), the organization announced recently.

QNBV allows investors in Re Mixers to receive 25 percent state tax credit on the amount they invest in the business. The industrial adhesive company has been certified to receive up to $125,000 in investor tax credits.

“The QNBV process was instrumental in helping us find the right early-stage investor,” Re Mixers Co-Founder Eric Ronning said in a statement.

In 2016, Re Mixers placed second in the Governor’s Business Plan Contest and is currently seeking additional investment to commercialize the mixer.