Just such a delay doomed MatriLab Inc., a Milwaukee biotech company formed to commercialize a wound-healing gel based on technology licensed from the University of Wisconsin-Madison.
Backed initially by the Wisconsin Alumni Research Foundation, which works to commercialize UW technologies, MatriLab won the governorâ??s business plan contest in 2006. It went belly up in 2007, five years after a patent application was filed for the gel, because no new investors would come aboard as the application languished.