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Category: Business/Technology

Sinking dollar mainly hits those traveling

Wisconsin State Journal

Bill Steckel and his wife were planning a spring trip to Europe, but a hitch recently developed in their plans: The dollar has fallen to historic lows, making their vacation potentially much more expensive than they had anticipated.

“The short-term effect is going to be that it makes imported goods more expensive,” said UW-Madison economics professor Charles Engel.

New state network to aid startup firms

Capital Times

The state Department of Commerce will spend $5 million over the next five years to set up and run a statewide network aimed at spawning more small businesses in Wisconsin, Gov. Jim Doyle announced.

Doyle said the program, authorized by legislation he signed earlier this year, will serve more than 10,000 people and contribute more than $500 million to the state’s economy in its first year.

Mentor commissions biotech facility here

Capital Times

SANTA BARBARA, Calif. – Mentor Corp. announced that it has begun operating its new manufacturing facility at 535 Science Drive in University Research Park.
The plant was designed specifically for the production of products utilizing the botulinum toxin technology that Mentor licensed from the Wisconsin Alumni Research Foundation last December.

State and university reach out to Wisc0nsin entrepreneurs (WTN)

Wisconsin Technology Network

Gov. Jim Doyle, right, is joined by Commerce Sec. Cory Nettles to talk about aiding entrepreneurs.
Madison, Wis. � Wisconsin�s Department of Commerce will fund a public-sector coalition to provide entrepreneurs with business planning and other assistance at centers around the state, Governor Jim Doyle announced on Monday.

Colleges Seek a Record Number of Patents

Chronicle of Higher Education

Colleges and universities in the 2003 fiscal year filed for more patents, identified a greater number of scientific discoveries with commercial potential than ever, and signed a record number of licenses with companies seeking to turn academic inventions into drugs, devices, and other products, according to a report released this week. (Subscription required.)

“We are FBC.” (Madison Magazine)

Madison Magazine

Family-owned or – controlled businesses total at least 70 percent of all businesses nationwide. Rather than the usual round of executive education classes you might find at other college campuses, UW-Madison’s Family Business Center, which runs out of the Fluno Center, offers a membership program with a slew of services that incorporate best business practices with the academic research possibilities that only a world-class university can offer.

Yes, Madison is research ‘epicenter,’ but other parts of state can play a role, too

Milwaukee Journal Sentinel

Gov. Jim Doyle put on a game face of major league proportions when he rolled out Wisconsin’s response to California’s approval of $3 billion in state funds for a decade of stem cell research. He did what he had to do to keep Wisconsin in the forefront of bioscience. California’s initiative will be hard for a smaller state to match, especially one with a major deficit.

A list of Thank Yous (WSJ-11/25/04)

Mike M. Knetter, Dean, UW-Madison School of business: “I’m thankful for the 34,000 loyal alumni of our business chool and the many other friends of the school (who) helped us achieve our mission.”
Carle E. Gulbrandsen, manager director, Wisconsin Alumni Reserch Foundation: “I’m thankful that our mission of taking (UW-Msn) inventions to the marketplace has generated real exicitement at the university, in the Madison community and with our partners at the state and federal government.”

Stem-Cell Industry, Research Evolving (ABC News)

ABCNEWS.com

Nov. 23, 2004 ââ?¬â?Ã? Much has been made of President Bush’s 2001 executive order limiting the use of federal funds for human embryonic stem-cell research. With Bush now slated for another four years in office, researchers and stem-cell supporters are seeking private investment to drive the science and the industry forward.

Tom Still: Doyle�s proposal is about more than keeping pace with California (Wisc. Technology Network)

Wisconsin Technology Network

It was inevitable that Governor Jim Doyle’s proposal to build a $375 million interdisciplinary research center on the UW-Madison campus would be characterized as a ââ?¬Å?responseââ?¬Â to California, where voters passed a $3 billion, 10-year initiative to fund human embryonic stem cell research.

UW System, industry strive to expand, keep work force in state

Milwaukee Journal Sentinel

Kevin Reilly, the new president of the University of Wisconsin System, cites an 80% retention rate in the state for UW graduates but acknowledges that an even better track record is needed. The university system has embarked on pilot programs to pull back students who failed to graduate and get them to a diploma. It also is working to increase the percentage of freshmen who graduate.

Be thankful, Wisconsin

Milwaukee Journal Sentinel

Wisconsin has excellent schools, technical colleges and public and private colleges and universities. The state has two nationally ranked medical schools, now well-endowed with more than $600 million from the Blue Cross conversion. The University of Wisconsin-Madison is one of the country�s leading research universities. However, Wisconsin lags in transferring technology to the private sector, says Thomas Hefty, co-chair of the Governor�s Economic Growth Council.

TOUGH CUSTOMER

Wisconsin State Journal

The customer is always right. Cliche? You bet. But Madison business consultants and UW-Madison School of Business academics say clients and companies share equally in the delivery of customer service and consumer satisfaction.

Forward looking: Ex-Badger steps up for state biz development

Capital Times

Gov. Jim Doyle’s new point man on attracting businesses to Wisconsin has no formal background in biotechnology or stem cell research. But with sales stints at two major corporations, followed by 13 years in the front office of the Milwaukee Brewers, Eugene “Pepi” Randolph brings plenty of real world experience to his new position as president of Forward Wisconsin.

Gender pay gap in state ‘appalling’

Capital Times

Wisconsin women fall far short of men when it comes to pay equity, and that’s not sitting well with people who took notice of a report out this week mapping the gap. Louise Root-Robbins, UW System coordinator for the status of women and director of the Sloan Project for academic career advancement, and Joe Soss, an associate professor of political science at UW-Madison, are quoted.

Gov aims to keep stem cell edge

Capital Times

Gov. Jim Doyle is ready to take on California to defend Wisconsin’s crown as king of the stem cell states. About two weeks after California voters approved a $3 billion, 10-year referendum for stem cell research, Doyle responded by putting together a comprehensive package to showcase and build on Wisconsin’s investment in biotechnology.

Area firms bullish on economy

Capital Times

Most area businesses are expecting bigger sales in 2005 but that won’t necessarily mean a fatter paycheck for workers. The annual Dane County Economic Survey released today shows that 78 percent of firms here are projecting increased revenues next year. That’s up from 65 percent in 2004. The survey was conducted by the UW-Madison A.C. Nielsen Center for Marketing Research.

Tom Still: UW-Milwaukee Chancellor Santiago determined to build on research base (wisbusiness.com)

www.wisbusiness.com

MILWAUKEE ââ?¬â?? At the State University of New York in Albany, Carlos Santiago helped forge a partnership between IBM and the campus that led to the creation of a $1.5 billion “center of excellence.”

Now that he’s taken up residence in Wisconsin, Santiago sees no reason why UW-Milwaukee can’t aspire to do the same.

UW plans entrepreneurship program to link campus resources (Wisc. Technology Network)

Wisconsin Technology Network

Entrepreneurs on the University of Wisconsin-Madison campus will have a new resource to help them navigate the process of starting a company and the many related centers on campus.

The Office of Corporate Relations is heading the New Business Start-Up Initiative, which is to include events, publications and both one-ond-one and class-based training. This assistance will be available to UW=-Madison faculty, staff and students.

Tools for detecting the next Enron

Milwaukee Journal Sentinel

Some of the brightest stars of investing emit false light. Finding and avoiding such fakers has become of increasing concern in the wake of the corporate scandals of the early 21st century. Missing the next Enron Corp. has become as important as hitting the next Microsoft Corp. Story focuses on a presenter at the UW-Madison Directors’ Summit.

Putting stock in shareholders

Milwaukee Journal Sentinel

The best way to improve corporate accountability would be for the Securities and Exchange Commission to make it easier for shareholders to nominate directors, SEC Commissioner Harvey J. Goldschmid said Wednesday. His remarks were made in an address to the annual Directors’ Summit at the University of Wisconsin-Madison.

California triggers stem cell gold rush

SAN FRANCISCO (AP) — A 21st century gold rush is on in California after voters approved $3 billion for human embryonic stem cell research. At least one out-of-state biotech company is already making plans to move to California…And universities are hoping to recruit some of the field’s brightest minds to take part in the biggest state-run research project in U.S. history. (Provost Peter Spear is quoted in this article in the 11/10/04 Capital Times print edition.)

Pennies That Aren’t From Heaven

New York Times

Mentions a study published last year by Terry Warfield, assistant professor of accounting at the University of Wisconsin-Madison and Qiang Cheng, assistant professor of accounting at the University of British Columbia’s Sauder School of Business, that found that managers with high equity incentives are more likely to report earnings that meet or just beat analysts’ forecasts than are managers who have low equity incentives.

Badgers Bring a Boost for Businesses

NBC-15

(Madison) With a 9-0 team Badger’s fans are loving this football season, and celebrating right alongside them are businesses and vendors near Camp Randall. For the last home game, the bars were full, brats were selling, and game goers were loading up on Badger’s gear. Some business owners feel the team’s winning streak is a boost to business.