The Ideadvance Seed Fund has identified seven projects that could receive a total of as much as $200,000. The $2 million Ideadvance fund was established in 2014 by the UW System and the Wisconsin Economic Development Corp amd provides grant recipients up to $25,000 for the first stage of determining the marketability of an idea or technology, and up to $50,000 for developing a business model. Faculty, staff, students and companies licensing technology from all UW campuses but UW-Madison may participate.