Cellular Dynamics International is on a fast track, with high hopes of becoming the first company to get stem-cell technology into the marketplace and the first to show a profit – in spite of major stem- cell efforts in other states, such as California.
Housed in the MGE Innovation Center at University Research Park, Cellular Dynamics expects to start providing drug screening services in early 2006. The company will use cells derived from kidney cells, modified to have some properties of human heart cells, to test drugs for heart patients.
Category: Business/Technology
Stem cell work gets state boost
Gov. Jim Doyle announced $2 million in new state funding for a Madison-based firm that applies stem cell research technology for drug development and screening.
Doyle said the state will provide a $1 million technology development grant and an additional $1 million in technology development loans to Cellular Dynamics International Inc., which was founded by University of Wisconsin-Madison researchers James Thomson, Craig January and Timothy Kamp.
During an appearance at the firm’s headquarters Monday morning, Doyle vowed to veto a bill banning so-called human cloning, which is up for action in the state Senate today.
Editorial: Welcome move on jobs, growth
When it comes to growing Wisconsin’s economy, a lot of seeds have yet to be planted. One needs to look no further than Milwaukee’s central city, where unemployment for some is well into double digits, for evidence of that – a point certainly not lost on Gov. Jim Doyle.
Doyle plots out growth initiatives
Gov. Jim Doyle said Monday that he supports spending an additional $2 million on a southeastern Wisconsin research alliance that aims to fund collaborative projects among five area colleges and universities.
Doyle revealed his support of more state funding for the Biomedical Technology Alliance during appearances in three cities that were part of a tour he and Lt. Gov. Barbara Lawton used to unveil a new economic development plan for the state.
Chuck Litweiler: Halloween costs belong to bars
Dear Editor: The smoking ban may be very useful in dealing with the downtown bar owners and the Tavern League. The city and the university spend an inordinate amount of time trying to find solutions to Halloween that will protect private property and public safety.
They may never have the right answers, but unless the tavern owners do then they had better assist the city and university.
Since the liquor sellers are really the only ones to profit from Halloween downtown, they need to bear the costs currently borne by property taxpayers as a whole.
Doyle to reveal economic plan
Gov. Jim Doyle rolls out an economic plan, called Grow Wisconsin: The 2005 Agenda, in a three city swing beginning in Madison.
He’ll start in Madison at the new laboratory facilities for Cellular Dynamics International, a privately held biotechnology firm that has taken a lead in embryonic stem cell research. Doyle will announce a “significant new investment in the company,” according to an advance statement from the governor’s office. Cellular Dynamics was co-founded by James Thomson, an internationally recognized pioneer in stem cell research and a professor at the University of Wisconsin-Madison.
Smoking ban stands, referendum a no-go
No takers yet to close bars early
Whether or not the mayor’s hope to have an early close to this Halloween celebration is a viable plan or a Quixotic quest remains to be seen.
At a press conference before the final meeting of the Halloween Planning Group, made up of city, community, business, university and student representatives, Mayor Dave Cieslewicz said no bar owners have signed on to his plea to close their doors 90 minutes early.
New law sobers up bartenders
LA CROSSE (AP) – An ordinance prohibiting bartenders here from drinking on the job went into effect over the weekend to help change a binge-drinking culture that police say has led to several drowning deaths.
The ordinance allows bartenders to drink on a break, but their blood-alcohol level cannot exceed 0.08 percent, the legal limit for driving under the influence of alcohol. The fine for bartenders and tavern owners for breaking the rule is $75.
The city has moved to clamp down on excessive drinking after University of Wisconsin-La Crosse student Jared Dion drowned in the Mississippi River in 2004. He was the seventh college student to drown in La Crosse area rivers since 1997. Police have said the drownings were alcohol-related.
Survey: Smoky bars here make workers wheeze
A study by the UW Comprehensive Cancer Center has found that nonsmoking bartenders in Madison who work in establishments where smoking is allowed are much more likely to experience five upper respiratory symptoms.
The study was undertaken in May and June, before the city’s smoking ban went into effect. A follow-up study is being conducted to find out possible effects of the ban.
“It was a random sample of bartenders,” said Dr. Patrick Remington, professor of public health at the University of Wisconsin Medical School and associate director of the Comprehensive Cancer Center. About 700 bartenders responded to the survey.
Madison campus offers a road map for UWM and Milwaukee
Thomas Rockwell Mackie, radiology professor, long wrestled with an issue central to the treatment of cancer patients: Keeping the cure from killing them. TomoTherapy is a Madison company founded and led by Paul Reckwerdt (left) and Frederick A. Robertson that is helping the capital city benefit from reseach done on the University of Wisconsin-Madison campus. For years, he and collaborators at the University of Wisconsin-Madison Medical School struggled to come up with a method for better zeroing cell-zapping rays on malignant tumors and off healthy organs.
Planting seeds of loyalty
Quoted: John Hoffmire, director of the Center on Business and Poverty at the University of Wisconsin-Madison.
Manufacturing sector to lead state to modest growth in ’06
Wisconsin’s economy will continue to grow next year, although a bit more slowly than the rest of the nation, Donald A. Nichols said at a semi-annual conference Friday. In fact, the state, led by a strong manufacturing sector, will continue to close its per capita income gap with the U.S. in 2006, said Nichols, a professor at the University of Wisconsin-Madison and leading expert of the state economy.
Relevance of elite universities appears to be on the decline (KRT)
Harvard College and the University of Wisconsin now tie for the most CEOs – 15 – on the list, according to Spencer Stuart.
Stratatech gets another fed research grant
Madison-based Stratatech Corp. announced that it has been awarded another federal grant, this one worth $154,000 from the National Institute of Aging to continue development of its genetically engineered human skin substitutes to speed the healing of chronic skin ulcers such as bed sores.
….Stratatech’s products are based on a patented, unique source of pathogen-free human skin cells identified at UW-Madison as being able to multiply indefinitely.
Doctor fees in Wisconsin tops in U.S.
Eight of 10 metropolitan areas across the nation with the highest physician prices are in Wisconsin and Madison ranks fourth, according to a report by the U.S. Government Accountability Office.
….Ralph Andreano, an emeritus professor of economics at the University of Wisconsin-Madison, said competition has little impact on health care costs because medical facilities have the same equipment and techniques.
“What usually is the case is that high cost means high quality. The state-of-the-art is costly. High-quality medicine is very costly and it’s difficult to contain it,” Andreano said.
UC Irvine hires Vandell (O.C. Register)
UC Irvine has chosen the head of a University of Wisconsin real estate program as the executive director of its Center for Real Estate.
Kerry Vandell, who runs the Grasskamp Real Estate program at the Madison, Wis., campus, will begin his UCI duties full time in July, UCI officials said. (Registration required.)
Close bars early on Halloween?
The Halloween Party on State Street this year combines daylight-saving time, a request from city and university leaders that bars close before the clocks turn back and an angry Tavern League.
A letter Tuesday signed by Madison Mayor Dave Cieslewicz and UW-Madison Chancellor John Wiley asks bar owners to voluntarily stop serving alcohol at 2 a.m. Oct. 30 so that the Saturday night crowd stops drinking a bit earlier that Sunday.
Departing Beck Key to Fluno Center’s Success
With savings rates for Americans at an all-time low ââ?¬â?? even in negative territory ââ?¬â?? Ted Beck is going to have his work cut out for him in his new job.
Beck, who has been associate dean for executive education and corporate relations since 1999, will take over next month as president and CEO of the National Endowment for Financial Education.
Firm’s success lures investors
Snubbed by venture capitalists on both coasts, fast-growing TomoTherapy — started by two University of Wisconsin-Madison researchers — now finds itself being wooed by Wall Street and health care centers around the world.
Think about regional growth, expert advises county
Dane County has to look beyond its borders as it plans for the next half-century of growth and service to Wisconsin, according to one of the state’s leading economists.
Terry Ludeman, chief of the Office of Economic Advisors in the Wisconsin Department of Workforce Development, said the Madison area is one of about 100 dynamic metropolitan communities in America and needs to think beyond county lines as the 21st century progresses.
….Madison has the right kind of stuff, he said, including a good quality of life, a major university, a highly educated population and an infrastructure to make the community grow, not just via highways but by moving knowledge around through an advanced communications system like the Internet.
Faculty concerts not just weekends
In what appears to be an attempt at “branding” (the marketing strategy to build long-term reliability and broad public recognition) the University of Wisconsin School of Music has scheduled most of its faculty concert series for the upcoming season on Thursdays at 7:30 p.m. and Saturdays at 8 p.m.
“It’s an experiment,” said concert manager Richard Mumford of the popular series, which opens on Monday, Sept. 5, with the traditional Karp Family Labor Day Concert at 7:30 p.m. in Mills Hall. “The proof will be in the pudding when we count up the final numbers. I think it makes sense for someone to opt for a different night that isn’t in competition with other local groups.
IBM, WARF settle patent dispute lawsuit (AP)
International Business Machines Corp. on Tuesday became the latest company to settle charges of infringing a patent involving making computer chips owned by the the Wisconsin Alumni Research Foundation.
WARF, which owns and licenses patents based on research at UW-Madison, had accused IBM in a federal lawsuit of infringing on patented technology in making and selling copper-based chips.
The patent in question covers a metal barrier that prevents conductive metals from getting into the silicon that stores data in computer chips, stopping them from overheating or malfunctioning. It was granted in 1986 to John Wiley, an engineering professor who is now the school’s chancellor, and his colleague John Perepezko.
Food adds spice to Fluno Center (Business Journal of Milwaukee)
On the eastern edge of the University of Wisconsin campus in Madison sits what is considered one of the best destinations in the world for executive education programs.
The Fluno Center, opened in March 2000, has been included for four years running in the London-based Financial Times’ annual ranking of the world’s top 40 executive education programs. The rankings include categories related to academic offerings, facilities, and food and accommodation
New UW lab helps with product ID (AP)
Alfonso Gutierrez smiles as boxes of Kraft Macaroni and Cheese tagged with tiny chips zip around a conveyor belt and pass under a reader that instantly displays information about the product.
“It’s going fast,” said Gutierrez, who heads a new university research lab dedicated to helping businesses deploy the technology that could one day replace the bar code.
Gutierrez was referring to the speed of the conveyor belt – 600 feet per minute, the speed Wal-Mart uses in its warehouses – but he could have been talking about the rapid acceptance of radio frequency identification, a technology that can revolutionize business but also erode privacy.
Nanotech industry adds jobs, millions of dollars to local economy
In the lab of Imago Scientific Instruments, atoms are in flight, an invisible stream of 15,000 a second zipping through the sealed core of a stainless steel microscope.
Over 17 years of effort and obsession, Madison scientist Tom Kelly wagered everything from his job and his house to his mother’s money on the belief that he could turn this stream of atoms into Technicolor images.
“I felt there was an opportunity to do something extraordinary,” the red- haired materials engineer said in his Boston brogue. “We can go through life ordinary, or we can grasp that one chance when it comes.”
Editorial: Creating Wisconsin’s future jobs
Think of venture capital as a combination of milk money and those quarters you shove into the slot machine. Without milk, young lads don’t grow into strapping lads. And if you don’t gamble those quarters, the jackpot is ever elusive. In the world of venture capital, Wisconsin is a 98-pound weakling. And, alas, the people willing to gamble on poor ol’ Wisconsin have to play the nickel slots.
B-Schools With A Niche (BusinessWeek)
Two years ago, the University of Wisconsin-Madison’s School of Business was in trouble. Like many of its peers, it had seen full-time applications drop 30% in three years, and the situation was likely to get worse. So Michael M. Knetter did something a lot more deans are doing these days: He specialized.
Corridor of care: Planners see city as medical destination
It’s arguably the largest industry in town, employing nearly 20,000 people.
Some $500 million in new construction is currently in the works – including a $78 million UW Children’s Hospital, a $134 million Interdisciplinary Research Complex or “IRC” and the $174 million expansion at St. Marys Hospital.
Yet when it comes to talking about economic development strategies for the Madison area, not everyone thinks of the health care industry.
Mike Ivey: Wisconsin lags in new economy chase
If holding conferences and talking about high-tech were the sole gauges of economic development success, Wisconsin would be booming these days like Dublin, Ireland.
Unfortunately, every other state from Alabama to Oregon is trying to market itself as the next Silicon Valley or Research Triangle. And Wisconsin is having a particularly hard time shifting gears from its traditional old economy of manufacturing and agriculture into a new economy world where brains count more than brawn.
Fusion could open new door in stem cell research
Biologists who unveiled an important advance in stem cell technology Monday said their discovery offers lessons on how stem cells can ââ?¬Å?reprogramââ?¬Â other cells to turn into new tissues. Scientists at Harvard Medical School announced that they have created a new kind of hybrid stem cell by fusing skin cells with embryonic stem cells.
The people problem: Will anyone take up Gaylord Nelson’s fight against overpopulation?
…while dozens of pundits and politicians paid tribute to Gaylord Nelson following his death on July 3 at age 89 and lauded him for his sterling environmental record, most made passing or no reference to the issue to which the father of Earth Day devoted the last decade of his life: overpopulation. It is, Nelson had maintained, not only a critical issue for the future of mankind, but the most compelling issue of them all.
(Dr. Dennis Maki, head of infectious diseases at the UW-Madison Medical School, is quoted in this first installment of a two-part series by Rob Zaleski.)
Villager Mall plan aired at meeting
The proposed redevelopment of the Villager Mall on South Park Street is taking shape with 283,000 square feet of mixed-use space planned for nine buildings on the nine-acre site.
A plan presented to the community Thursday night included proposed uses for a small grocery, a new public library, 39 owner-occupied housing units, a restaurant and other retail and commercial space as well as new accommodations for all of the social service agencies now housed in the Harambee Health and Family Center and the Dane County Department of Human Services. Also sketched in were buildings for educational programs and a business incubator and outdoor public areas.
Back To School For Small Businesses (Forbes)
NEW YORK – For many small-business owners, schools cranking out M.B.A.s are hopelessly removed from the nits and grits of making a profit.
The University of Wisconsin-Madison runs the Small Business Development Center, one of 13 centers statewide.
Stealing some roar from the Celtic Tiger
China, Poland, Kenya, Australia and India have studied Ireland’s rapid bust-to-boom economic turnaround in search of inspiration to bolster their own competitiveness. Now it’s Milwaukee’s turn to learn from the Celtic Tiger. “We want to look at how their universities are structured, how they connect to the private sector,” said Carlos Santiago, chancellor of the University of Wisconsin-Milwaukee. Santiago, who envisions UWM as a catalyst that can bolster the city’s transition to a knowledge-driven economy, is scheduled to meet Irish President Mary McAleese this weekend when she becomes Ireland’s first head of state to visit Milwaukee.
Power play: Officials giddy over campus CoGen plant
It’s been a long, hot summer for UW-Madison chancellor John Wiley, who’s taken heat from the Legislature over his handling of an extended paid leave for a top administrator.
But Wiley, an engineer by training, had a chance Wednesday to flaunt perhaps the proudest accomplishment of his five years at the helm: completion of a state-of-the-art heating and cooling facility for campus buildings.
Research that leads to products
The Medical College of Wisconsin has leveraged a $2.5 million grant, part of the Bush Administration’s “War on Drugs,” to partly fund a new, wide-ranging research facility. The school’s technology transfer office calls the $8.3 million facility another step forward in its efforts to move scientific discoveries into new products that can help patients. Among other things, its high-powered imaging equipment will be used to study the effects of cocaine on the brains of rats. The facility also will be available for other projects by scientists from across the state.
Dave Zweifel: Pressuring sweatshop one tough job
While I was in Chicago last weekend, a group of college kids, including some from the University of Wisconsin-Madison, picketed in front of the Eddie Bauer store on the so-called Magnificent Mile to urge the trendy retailer to pressure one of its Third World suppliers to treat its employees better.
….It’s an admirable cause and involves a practice that needs to be brought to light. But, in this age of the rush to the bottom for workers worldwide, all I can say is, good luck.
State fares well on business costs
Quoted: University of Wisconsin-Madison business professor Kerry Vandell, director of the school’s Center for Urban Land Economics Research.
Med researcher needs hard data to judge smoking ban’s impact
The past 25 years have been difficult for Wisconsin taverns, but so far there is no hard evidence to show that the smoking ban in Madison is making matters worse, a UW Medical School researcher says.
“A valid study is never done through self reports,” researcher David Ahrens said Friday, referring to early claims by dozens of bar owners that business has been down by 20 percent or more since July 1, when smoking was forced outside.
He said that this kind of data is “highly unreliable,” and in the coming months he’d look at a sample of sales tax receipts submitted to the state Department of Revenue to gauge what’s happening to the city’s taverns and restaurant bars.
After lull, office buildings springing up
Health, education and culture have kept the bulldozers and backhoes rumbling throughout Dane County this summer.
And, after a three-year slowdown, office buildings with space to lease are taking root all around the area.
In the city of Madison, nonresidential building projects initiated from July 2004 through June 2005 saw a whopping 93.4 percent leap over the previous 12 months.
Maverick leaders defy risks of failure to lead state’s budding businesses
In the last few years, the number of technology-based start-ups in Wisconsin has grown rapidly, creating opportunities for leaders who want the thrill of building a company despite the risk that nearly 6 of 10 new businesses fail.
New wave radio lab
The University of Wisconsin-Madison unveiled its new radio-frequency identification test laboratory Friday, which will help Wisconsin businesses find ways to use the technology in their operations.
UW gets fed grant to study freight flow
Researchers at the University of Wisconsin-Madison will use $16 million from the federal government to find ways to improve the flow of goods through the Upper Midwest.
UW-Madison will set up one of 10 new national research centers with money included in the federal transportation bill President Bush was expected to sign this week. The center at UW will build on regional transportation studies the school already is doing at its Midwest Regional University Transportation Center.
Ball State names entrepreneurship chief (Indianapolis Star)
Ball State University officials took their time to find a new director of the school’s nationally ranked entrepreneurship program. But they believe they now have their man. The school hired Larry Cox, 51, who has been director of the University of Wisconsin Weinert Center for Entrepreneurship since January 2003. He starts Aug. 22.
Wisconsin attempting to lure Minnesota startup
Biotech startup Excorp Medical Inc., which recently moved to Minneapolis, now might move on to Madison, a possible setback to Minnesota’s efforts to build the sector. Excorp, which is developing a bioartificial liver system, is pursuing a “competitive” proposal from Wisconsin to establish production facilities in that state. It could wind up putting its headquarters and other administrative facilities there as well. Locating production and administrative functions in Wisconsin would give Excorp access to the University of Wisconsin-Madison, which is one of the nation’s top transplant centers
UW gets $16M to study freight movement (AP)
Researchers at the University of Wisconsin-Madison will use $16 million from the federal government to find ways to improve the flow of goods through the upper Midwest.
Solid growth spurt
Wisconsin is on track to have another strong year for new-business starts. If the current rate of business openings continues, this will be the fourth straight year of double-digit growth. So far this year, 20,341 new companies have registered with the state, a rate that’s 12.5% ahead of last year. Some are high-tech companies spawned by professors and proximity to the state’s universities, but many more are in the traditional business categories of services, retail and manufacturing.
Madison biotech firm wins angel investment
The biggest angel investing network in Wisconsin said Wednesday it has invested $535,000 in eMetagen Corp., a drug-development company in Madison. The firm’s business is based on proprietary technology for finding and developing drugs that was discovered at UW-Madison.
His passion goes beyond the weather
With a newfound interest in weather sciences, Terry Kelly transferred from Harvard to the meteorology program at UW- Madison. After graduation, he parlayed his interest in atmospheric phenomena into a company, called Weather Central, that now provides software and forecasting services to countries around the world.
No Asian soybean rust detected in Wisconsin
Craig Grau, UW Extension plant pathologist, is quoted.
Injecting a dose of vision
Tony Escarcega spent 20 hours trolling the patent archives of the University of Wisconsin-Madison’s technology transfer arm before finding five ideas he thought could spawn a good company. He talked to all five inventors and whittled the list down to one promising technology: a large-molecule-drug delivery patch. Escarcega became partners with a graduate student working on the technology, and the two spent five months tweaking a business plan. The result is Ratio – a start-up biotech company that won the $10,000 prize in UW-Madison’s G. Steven Burrill Technology Business Plan Competition.
High bids delaying Grainger addition
Plans for an addition to Grainger Hall that would house graduate programs in the UW-Madison School of Business are being redesigned as a cost-saving move after bids for the project came in over budget.
“In a time of tight resources, we felt that a redesign would deliver more value, even though it will delay the building’s opening,” said Alan Fish, associate vice chancellor for facilities.
The lowest bids came in at $47.3 million, $6.8 million higher than the project’s budget.
UW’s entrepreneurship director leaving for Ball State
Larry W. Cox, director of the UW-Madison Business School�s Weinert Center for Entrepreneurship for the past two-and-one-half years, is leaving his post to teach at Ball State University in Muncie, Indiana.
Cox will also head the school�s Midwest Entrepreneurial Education Center, which is ranked fourth in the nation behind MIT�s entrepreneur center.
UW foundation, biz make deal on stem cells
The University of Wisconsin’s research foundation has signed its first licensing agreement with a private company to develop commercial products using embryonic stem cell technology developed at the school.
The Wisconsin Alumni Research Foundation, which holds the patents to human embryonic stem cell discoveries made at UW-Madison, and Chemicon International of Temecula, Calif., announced the agreement this week.
UW group signs deal to commercialize embryonic stem cell products (AP)
MADISON, Wis. – The University of Wisconsin’s research foundation has signed its first licensing agreement with a private company to develop commercial products using embryonic stem cell technology developed at the school.
CUNA Mutual in deal with China biz school
with one of China’s leading business schools that will provide the school with a $25,000 annually renewable grant to advance the study of risk management, insurance and finance.
The agreement signed by president and CEO Jeff Post with the University of International Business and Economics (UIBE) in Beijing was signed on Post’s recent trip to China, his first since assuming the leadership of CUNA Mutual in January. The grant is being coordinated through UIBE’s partnership with the UW-Madison.
Report bruises Great Wolf stock
David Brown, UW-Madison professor of finance, said Randall’s notes “seem to be valid to the extent that you believe that location matters.
WARF signs stem cell agreement with California firm
Madison, Wis. – The Wisconsin Alumni Research Foundation has licensed the California immunological research firm Chemicon to commercialize research products using WARF’s stem cell patents, Chemicon’s parent company Serologicals announced Tuesday.
Associated Bank on campus to open
Associated Bank is closing its branch in University Square on Friday and will open a new office nearby at at 640 University Ave. on Monday. The new branch formerly was a Burger King restaurant, and is more than twice as large at 3,000 square feet.