Wisconsin Gov. Jim Doyle announced that Flex Biomedical secured $985,000 in venture capital funding, including a $150,000 loan from the state's Department of Commerce Technology Venture Fund, to help it transfer its operations to Madison. The company will use the loan to buy new equipment and support research and development programs. "Wisconsin is fast becoming a player in the biotech and medical device sectors. We look forward to growing our operations here," CEO Sal Braico said.