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Category: Business/Technology

Suit haunts local bar owners

Capital Times

If lawsuits in state and federal courts against Madison taverns that sought to end some drink specials magically came to an end over the holiday season, tavern owners would still be out almost a half-million dollars in legal fees.

Campus area taverns had agreed to end the specials after they were pressured by the city and the University of Wisconsin-Madison. But there is no chance that the legal actions, brought by the Minneapolis law firm of Lommen, Nelson, Cole & Stageberg on behalf of three UW students are going to end soon on either of two fronts.

Fighting fruitcake abuse (Monroe Times)

St. Paul Pioneer Press

Courtenay Sheffield, a University of Wisconsin-Madison marketing student, is leading a Swiss Colony campaign to stop fruitcake abuse and instead promote fruitcake whenever possible. Swiss Colony has even set up a Web site, ilovefruitcake.com.

Milio’s donates $100,000 to UW Children’s Hospital

Capital Times

Milio’s Sandwiches, the franchise formerly known as Big Mike’s Super Subs, is donating $100,000 to University of Wisconsin Children’s Hospital.

“Big Mike” Liautaud, founder and owner of company, presented a commitment check of $100,000 to the hospital today – along with a “sleigh full” of sandwiches for hospital staff – with a special holiday helper: Harlem Globetrotter guard Anthony Blake.

….In addition, for 2006, ’07 and ’08, Milio’s will partner with the hospital to raise funds and heighten awareness of the hospital and its programs.

SWIB to add $50 million to state venture funds

Capital Times

The State of Wisconsin Investment Board has given preliminary approval to allocating up to $50 million to two new venture capital funds proposed by state firms Mason Wells and Venture Investors.

The Mason Wells Biomedical Fund II and Venture Investors Early Stage Fund IV are planned to focus on seed and early stage financing of life science opportunities coming out of Wisconsin universities and medical research facilities, said Monica Jaehnig, Wisconsin private equity portfolio manager. But the investments will not be limited to state firms.

UW logo wear deal endorsed

Capital Times

Students and anti-sweatshop activists celebrated University of Wisconsin-Madison Chancellor John Wiley’s embrace of much of their plan to reduce sweatshop labor.

But they said they would proceed carefully to make sure the university and its 150 clothing licensees proceed in good faith to help the workers who make UW logo apparel receive better pay and working conditions.

His Goal: Attracting Young Professionals

Wisconsin State Journal

Henry Sanders Jr. is a free man again, so to speak.
After two years of seemingly nonstop work as vice president of the Greater Madison Chamber of Commerce, he stepped down earlier this month, just as the chamber prepares for its fight against the proposed paid sick-leave law.

Biotech executives see obstacles

Milwaukee Journal Sentinel

Three top executives of Milwaukee-area start-ups said Monday that southeastern Wisconsin has the potential but nowhere near the critical mass of companies needed for a vibrant biotech effort.

An educated work force, the relatively new master of science in biotechnology program at the University of Wisconsin-Madison geared toward producing managers, and a desire to develop a biotech industry are all helping efforts in the region and the state, said Frank Langley, chief executive officer at PointOne Systems LLC in Wauwatosa.

College grows entrepreneurs (Seattle Times)

Seattle Times

ST. PAUL, Minn. � The University of St. Thomas is trying to give the creator of the next Microsoft or Best Buy a leg up on competitors with its new Schulze School of Entrepreneurship.

The university’s $22 million school in downtown Minneapolis not only aims to lecture to students about entrepreneurship, but also to give them virtually all the tools they’ll need to start a business.

Stillwaters runs dry on State Street

Capital Times

A landmark downtown Madison tavern has closed its doors after nearly 30 years in business. Stillwaters, which has anchored the high profile intersection of State Street and East Johnson since the 1970s, has not renewed its lease at 250 State St. and will not reopen.

….(Marsh) Shapiro, who owns the two Nitty Gritty taverns in Madison, said he didn’t think the city smoking ban had anything to do with the closing.

“I’d like to say that’s the reason but I don’t think it had much to do with it,” Shapiro said.

But Shapiro said all downtown tavern owners are feeling the pressure over the class action lawsuit filed by UW-Madison students over the end of campus area drink specials. The case is still pending.

Crash kills UW scientist

Capital Times

A senior scientist at the Waisman Center on the UW campus was killed Friday morning when his car skidded out of control on a slippery rural road and was struck by a pickup truck.

Killed was Vladimir Budker, 64, who lived on Sunrise Ridge Trail in the town of Springfield. Along with his work at the Waisman Center, Budker was a co-founder of the Mirus Bio Corp., a gene therapy firm that has been exploring ways to combat such diseases as muscular dystrophy and anemia.

Businesses that sell locally less confident

Wisconsin State Journal

Dane County businesses that depend on local customers to buy their products are not as confident about adding to sales, profits and employees in 2006 as are companies that sell to a broader base, according to a new report.
The Dane County Economic Survey, released Wednesday, shows that 68.5 percent of companies with clients nationwide expect their earnings to rise next year. But among businesses that operate mainly in the Madison area, 51.8 percent are expecting higher profits in 2006.

Picking up new research

Milwaukee Journal Sentinel

Critical mass is important in building collaborations such as the one about which InvivoSciences is in preliminary discussions with Madison-based Gilson Inc.

Gilson is a privately held business started by a University of Wisconsin-Madison professor in 1953 that makes lab equipment like the Gilson Pipetman, a range of pipettes, or glass tubes that lab workers use to suction fluids.

County businesses optimistic

Wisconsin State Journal

Nearly half of Dane County’s businesses say they are earning more money this year than in 2004, and 57 percent say they expect profits to rise again in 2006.
But projections for the coming year are down from the levels of a year ago, according to the third annual Dane County Economic Survey, scheduled for release today. That’s due, in part, to higher energy costs and increased prices for materials, following hurricanes Katrina and Rita.

“I would call (the results) less optimistic,” said Corey Chambas, chief executive officer of First Business Bank, Madison. “People are still positive but not as positive as last year.”

Latin dance club may be afoot at Luther’s Blues site

Capital Times

Luther’s Blues may be reborn as a Latin dance club – with free salsa lessons on Saturdays – if brothers Javier and Martin Palacios can convince the city that their business plan is sound.

….The brothers say they have gotten positive feedback from meetings they’ve had with local officials. Javier Palacios joined the Dane County Tavern League in March to network and seek advice about the venture.

But two UW administrators who have influence with the alcohol license committee say they are taking a wait-and-see attitude. They both are concerned that the venue, no matter who runs it, is too large to operate in the middle of campus.

UW-Madison third in nation in tech-transfer value

Wisconsin Technology Network

Madison, Wis. � A report from the Association of University Technology Managers has ranked UW-Madison and the Wisconsin Alumni Research Foundation third in the country in value of the inventions created by faculty members for 2004, behind only the University of California System, counted as a single entity in second place, and New York University.

University Licensing Fees Rank No. 3

Wisconsin State Journal

UW-Madison and its technology transfer organization — the Wisconsin Alumni Research Foundation — received more than $47.5 million last year in licensing revenues, or fees paid to use the patents the university holds for inventions and discoveries made by campus faculty and researchers. That’s the third highest in the nation, according to the Association of University Technology Managers, behind only the University of California System and New York University.

Imago To Anchor Second Building At Fitchburg Campus

Wisconsin State Journal

The Fitchburg Technology Campus has broken ground on a second building to house early-stage companies that will have Imago Scientific Instruments as its anchor tenant – the second local nanotechnology company to move onto the campus.

The fast-growing Imago Scientific â�� a UW-Madison spinoff company â��� has won national attention for a microscope that can provide 3-D images of samples down to the level of individual atoms.

Research Park Incubator To Grow

Wisconsin State Journal

There will be more space for young technology companies at the MGE Innovation Center at University Research Park. A $1 million remodeling project will add 20 suites to the center, at 510 Charmany Drive, in space being vacated by Epic Systems. The Innovation Center currently houses 34 companies and demand for incubator space continues to grow.

Sales rise but Sonic doesn’t break even

Wisconsin State Journal

A search engine for presentations recorded and archived on Sonic’s technology, Mediasite.com debuted Thursday, featuring talks on a range of subjects. They include UW-Madison Medical School professor Dennis Maki discussing infectious diseases such as avian flu and former presidential candidate John Kerry speaking to a rally in Madison last year.

Incubator space to grow at UW Research Park

Capital Times

Twenty suites for early-stage companies will be added at University Research Park in a $1 million renovation of space being vacated by Epic Health Systems with its move to its new Verona headquarters.

The “incubator” space will feature suites ranging from 700 square feet to nearly twice that size on the east side of the MGE Innovation Center, 510 Charmany Drive. Construction is set to begin Monday.

The Innovation Center currently houses 34 companies, mostly start-ups, and Research Park director Mark Bugher said the demand for incubator space continues to grow as tech firms spin out of the UW-Madison or young companies with UW ties look for ways to relocate in Madison.

University Research Park will expand (wisbusiness.com)

www.wisbusiness.com

MADISON – Demand for ââ?¬Å?incubatorââ?¬Â space for early-stage technology companies will lead to a $1 million renovation at the MGE Innovation Center in University Research Park, director Mark Bugher announced Wednesday.

Twenty suites ranging from about 700 square feet to nearly double that size will be added on the east side of the Innovation Center, 510 Charmany Drive, in space being vacated by the move of Epic Health Systems to its new headquarters in Verona. Construction begins Monday.

Madison music sharer in new round of lawsuits

Capital Times

The Recording Industry Association of America today filed a new round of lawsuits against 754 people, including at least one person in Madison, for illegal music sharing using the Internet.

….Despite a suit being filed in Madison, in its list of 12 colleges where network users are targeted, it did not include students at the University of Wisconsin-Madison.

UW researcher says Wisconsin set to capitalize on stem cell boom (wisbusiness.com)

A top UW-Madison researcher who has worked for the Pfizer drug company said Tuesday that firms using stem cells to test and create new drugs could generate more than $3.6 billion in revenues by 2020.

And Wisconsin could be home to new companies doing doing that work, thanks to a wealth of scientific experts here, said Dr. Gabriela Cezar, who spoke at a Wisconsin Innovation Network luncheon.

Start-up makes pitch to scientists

Milwaukee Journal Sentinel

NimbleGen Systems Inc., a 6-year-old company spun out of the University of Wisconsin-Madison, developed a gene chip that is used to identify how genes work. Management and the company’s investors say these gene chips have the potential to revolutionize genetic research.

Business world meets arts world in UW program

Capital Times

….The Bolz Center (for Arts Administration), founded in 1969, helps prepare students for negotiating the rocky terrain of managing arts programs in the post-boom period. Even as Madison upgrades its arts facilities, these are difficult times for arts organizations, said Andrew Taylor, the director of the program.

“It’s a very different economy than we’re used to,” said Taylor, who noted that many community arts programs were born in the 1970s and grew in the next two decades. “The wealth isn’t there anymore.”

Business School Dean Michael Knetter changed the program from a master of arts to a master of business administration two years ago. It was in keeping with the school’s overall decision to offer specialized MBA programs, which Knetter believes make students more marketable once they graduate.

Colleges Cash In on Commercial Activity

Chronicle of Higher Education

Colleges created a record number of start-up companies based on the inventions of their professors and students in the 2004 fiscal year, and they collected more than $1-billion in revenues from licenses on a host of new drugs, agricultural products, high-tech components, and other breakthrough technologies, according to a report released in November.

PSC approves MGE rate hike

Wisconsin State Journal

During Wednesday’s PSC meeting, Commissioner Mark Meyer praised MGE for keeping operational costs down. Almost all of the rate increase will go to pay for fuel and the new power plant on the UW-Madison campus.

Have A Big Red Christmas

Wisconsin State Journal

Santa is a Badger fan. Why else would he wear all that red and white? And so it is entirely appropriate to give Badger-booster gifts to Grinches everywhere.

Fan obsession has many outlets – just look at “Star Trek.” And yet my Spock ears are not socially acceptable, but my official UW marching band mesh shorts – with “Eat a Rock” printed on the rump – are. For some reason, taste takes a holiday when it comes to school loyalty. (As one unnamed source told me while researching this article, “You’re telling me! I gotta sell this stuff.”) Still, some Badger booster items are fun, and a lot of it is downright neat.

BellBrook fed grant for breast cancer work

Capital Times

The National Institutes of Health has awarded BellBrook Labs a $250,000 Phase I SBIR grant that will aid development of a microscale mammary tissue model to accelerate the understanding and treatment of breast cancer.

The work originates in the laboratory of Dr. David Beebe of the UW-Madison Department of Biomedical Engineering.

American Family stung by verdict

Capital Times

American Family Mutual Insurance Co. has been hit with a nearly $3 million verdict in a case involving a former University of Colorado professor and UW-Madison graduate who was seriously injured in a car crash.

A jury in Boulder, Colo., granted the award to Dominic Peressini. It’s believed to be the largest bad-faith verdict ever against an auto insurer over lost wages in Colorado.

GOP should keep focus on economy

Wisconsin State Journal

It’s nice to see the Republican-run state Legislature focusing on the economy with the same fervor it so often wastes on the divisive issues of “God, guns and gays.”
Sen. Ted Kanavas, R-Brookfield, along with top Republicans in both houses, last week unveiled a wide- ranging “Invest Wisconsin” plan that deserves close attention.

Universities Collected Near-Record Revenues From Commercial Activity in 2004, Study Finds

Chronicle of Higher Education

Colleges created a record number of start-up companies based on the inventions of their professors and students in the 2004 fiscal year, and they collected more than $1-billion in revenues from licenses on a host of new drugs, agricultural products, high-tech components, and other breakthrough technologies, according to a survey scheduled for release today.

Venture commander: High-tech expert gets capital charge

Capital Times

When Winslow Sargeant’s term ended at the National Science Foundation this year, he could have gone anywhere.

He chose Madison. And that says a lot, said John Neis, managing partner at Venture Investors LLC, where Sargeant is becoming the fifth partner.

Sargeant, who earned his doctorate in computer and electrical engineering at UW-Madison, is a Dot-Com Bubble survivor with a wealth of hard-earned entrepreneurial experience and a Rolodex bulging with prime contacts from three years with the NSF’s Small Business Innovation Research program.

A goal to become community leader

Capital Times

When he moves to Madison from Washington, D.C., next May, Winslow Sargeant will become a big fish in a relatively small pond.

As a well-to-do African-American with a prestigious and influential position, the newest partner at Venture Investors LLC inevitably will be looked upon to take a leadership role in the community.

Officials push for pro-jobs proposals

Wisconsin State Journal

New, bigger companies and the jobs they bring to Wisconsin won’t ever materialize without wholesale changes in the state’s policies toward business, lawmakers said on Wednesday.
With that in mind, Republican statehouse leaders renewed their support for a series of proposals that would steer nearly $55 million in taxpayer funding to both startup entrepreneurs and major industries alike.

Bill would help professors profit

Capital Times

A bill that would make it easier for University of Wisconsin professors to cash in on their research is part of a package of “Invest Wisconsin” legislation announced by Republican legislators today.

Other laws – some already introduced and others to come – would create wide-ranging tax credits and exemptions aimed at promoting investments in high-technology projects and businesses.

Start-up biotech firm stems from TechStar

Capital Times

MatriLab, a biotech start-up company with one foot in Madison and the other in Milwaukee, is part of the new “tech corridor” taking shape between the two cities.

Basic scientific research is being done at UW-Madison, while clinical work is taking place in Milwaukee.

The company, which makes an innovative drug delivery product for wounds, stems from a partnership that includes scientists, clinicians and management consultants.

Kevin Barrett: Article on divestment from Israel didn’t give proper space to both sides of debate

Capital Times

Dear Editor: Your article Friday on the massive pro-divestment-from-Israel outcry at the recent UW investment hearings gives exactly the same amount of space to the (very few) people with the (very bad) anti-divestment arguments as to the (very many) people with the (very good) pro-divestment arguments.

During the South Africa divestment campaign, when a huge crowd favored divestment and only a few opposed it, would The Capital Times have given equal space to the tiny pro-apartheid minority? If not, why is The Capital Times, a supposedly left-leaning paper, shilling for the tiny pro-Israeli-apartheid minority who attended the hearings?….

Kevin Barrett, coordinator, Muslim-Jewish-Christian Alliance for 9/11 Truth, Madison

Doug Moe: Leafing through a lot of thoughts

Capital Times

ââ?¬Â¢ Kudos to recent UW-Madison grad Anand Chhatpar, just named one of Business Week Online’s “25 Top Entrepreneurs under 25.” Chhatpar is founder and CEO of BrainReactions, an innovation consulting firm based here. He’s originally from Bombay, India, and came to Madison in fall 2001 to study chemical engineering.

Local private dorms getting renovations

Capital Times

University Partners is renovating the five private dorms serving UW-Madison students that it acquired from Steve Brown Apartments of Madison.

University Partners, a subsidiary of Dallas-based FirstWorthing, acquired the Highlander, Statesider, Langdon, The Towers and The Regent in 2004, and is taking over management of them on Jan. 1.

Turbo Tap heads into home market (AP)

Capital Times

The company that sped up pulls of draft beer at sports stadiums around the country with its Turbo Tap nozzle is bringing the technology to rec rooms across America.

“It brings the project back to our roots,” said inventor Matthew Younkle, the company’s president and chief technology officer, who came up with the idea with partner Kristofer Dressler when they were students at the University of Wisconsin-Madison.

Few women at the top

Milwaukee Journal Sentinel

A study that will be released by Milwaukee Women inc today suggests that women have made little or no progress in the executive suites and boardrooms of Wisconsin’s biggest companies in the last two years.

It was prepared by Van Do and Belinda Bao, both graduate students at the University of Wisconsin-Madison business school.

Regents urged to divest from Israel

Capital Times

Protesters packed a hearing Thursday on the University of Wisconsin’s investment portfolio, encouraging the Board of Regents to divest from Israel.

Many held Palestinian flags, as speaker after speaker called for the university to divest from companies that do business with the Israeli military. They argued, for example, that Caterpillar makes bulldozers that are used to knock down houses of families of suspected Palestinian terrorists. And Lockheed Martin supplies the Israeli Air Force.

….The UW Board of Regents’ Business and Finance Committee held its annual forum on trust funds at Grainger Hall, with committee members, as usual, sitting quietly at a table in front while members of the public said their piece.

John Oncken: Family ties provide helping hand in dairying

Capital Times

How do you get into the business of dairy farming?

That question has been asked for a hundred years. And I remember the answers given by my ag economics professor many decades ago when I was a freshman at the University of Wisconsin in the College of Agriculture.

….Craig Carncross, a 1999 UW-Madison dairy science graduate, made up his mind to become a dairy farmer and is doing it as part of a family corporation.

Steve Brown Apartments sells dorms

Capital Times

Steve Brown Apartments’ five private dorms serving UW-Madison students will be under new management with new names effective Jan. 1, the new management company announced today.

University Partners, a subsidiary of Dallas-based FirstWorthing, said it acquired the Highlander, Statesider, Langdon, The Towers and The Regent in 2004, with Steve Brown Apartments continuing to manage the properties.

Wiley mulling apparel policy

Capital Times

University of Wisconsin-Madison Chancellor John Wiley says he hasn’t seen any evidence that unionization would lead to better working conditions for apparel factory workers.

But his office is still considering a proposal that would require apparel companies that make university logo clothing to use union labor.

The Associated Students of Madison is urging Wiley to adopt the policy, which was endorsed 9-0 last month by the UW’s Labor Licensing Policy Committee.

UW Research Park adds German ‘sister’

Capital Times

University Research Park has forged a “sister park” agreement with the Frankfort Biotechnology Innovation Center in Frankfort, Germany, in Wisconsin’s sister state of Hesse.

A memorandum of understanding between the two research parks was signed in Frankfort by UW-Madison Chancellor John Wiley, University Research Park Director Mark Bugher and Christian Garbe, managing director of the Frankfort Biotechnology Innovation Center.

Fill venture void but protect pensions

Wisconsin State Journal

As Wisconsin slides toward its worst year in a decade for attracting venture capital, the importance of the State Investment Board’s role in helping to fill the state’s venture void looms large.
The board, which manages more than $70 billion in government employee pension money and other state assets, started talking earlier this fall about increasing the amount it devotes to venture capital the money that bankrolls entrepreneurs as they build fledgling businesses.

University to start Eau Claire angel fund

Milwaukee Journal Sentinel

In a novel attempt to retain educated professionals and support local entrepreneurship, the University of Wisconsin-Eau Claire Foundation is launching an angel fund that will invest in companies that are founded by recent graduates and located in the Chippewa Valley.

Quotes Charles Hoslet, managing director of corporate relations at the University of Wisconsin-Madison.

She’s banking on an angel

Wisconsin State Journal

It’s a vexing problem for Wisconsin’s economy: Researchers at UW-Madison turn out top technology, in fields ranging from stem cells to electronics, but entrepreneurs often have trouble finding the money to take those innovations to market.

But a new effort to organize angels, wealthy investors in early-stage technology companies, is providing some answers to that conundrum, said Lorrie Keating Heinemann, the state’s top banking and securities regulator.