The National Science Foundation revealed a $10 million award to boost involvement in STEM programs at UW-Madison. This will also prove as an opportunity to provide underrepresented students with the chance to thrive in the program.
Category: Business/Technology
$750,000 grant aims to make Wisconsin a ‘center of excellence’ for biomanufacturing
The University of Wisconsin received a $750,000 grant Friday to establish a biomanufacturing initiative, which officials say will encourage growth in the Wisconsin industry.
EatStreet, a food ordering app, adds delivery service for Wauwatosa and West Allis
Noted: The company, founded in a dorm room at the University of Wisconsin-Madison in 2010, has become a real player in the online food-ordering business across the United States. EatStreet connects diners in more than 250 cities to more than 15,000 restaurants.
Critics see potential of downfall in Foxconn, UW-Madison partnership
Supporters of the partnership between Foxconn and UW-Madison consider it an opportunity to encourage academic research, while critics question the integrity of private funding and safe workspaces.
Monona neutron imaging company Phoenix plans move to Fitchburg
Phoenix, formerly Phoenix Nuclear Labs, was established in 2005 based on research that began at UW-Madison.
Three Milwaukee powerhouses join Foxconn in new venture capital fund
New businesses account for nearly all net new job creation.
New Wisconsin venture capital fund has the potential to be a watershed moment
New businesses account for nearly all net new job creation. That simple fact, supported by research from the Ewing Marion Kauffman Foundation, cuts through all the political rhetoric about building a growing economy, the holy grail of every state or region. Unfortunately, the Milwaukee area has lagged in most measures of entrepreneurial activity in recent years, falling to 33 out of 40 in the most recent rankings from Kauffman, which conducts research and advocates for entrepreneurship.
UW-Madison gets $100 million, tech partnership from Foxconn
The combined $200 million is part of the university’s ongoing $3.2 billion All Ways Forward fundraising campaign. Foxconn’s funding will primarily support a new building for the College of Engineering on the UW-Madison campus, while any facilities related to the FIRST initiative are still to be determined, the representative said, noting that “there is no predetermined list” of university departments that will have access to the interdisciplinary program. Foxconn’s contributions will also help provide opportunities for internships and applied learning in campus labs.
Xconomy: Foxconn Creates $100M Venture Fund With Three Top WI Businesses
Foxconn Technology Group continues to make its presence felt in the Wisconsin business community. The latest move: The Taiwanese contract manufacturer is forming a $100 million early-stage venture capital fund with three of the Badger State’s leading companies and organizations.
UW-Madison to Upgrade Engineering Campus With $100M Foxconn Gift
Foxconn, a leading Taiwanese contract manufacturer constructing a huge electronic display assembly plant in Southeastern Wisconsin, announced a $100 million gift to the state’s flagship public university Monday. The company’s gift to the University of Wisconsin-Madison will support research and development of new technologies statewide, Foxconn said.
Boston Store closes its doors
Noted: UW associate professor and retail expert Hart Posen joined Wisconsin’s Morning News with his analysis. You can hear the full interview below.
Rochester Simon Becomes First B-School With STEM-Certified MBA
Noted: Last year, Duke University’s Fuqua School of Business added to its full-time MBA program a certificate in management science and technology management that allows students to be STEM-certified (see Fuqua Hikes MBA Appeal To Internationals). Two years ago, the University of Wisconsin School of Business gained STEM certification for two specializations–supply chain management and operations and technology management–in its MBA program. And many more schools, including Rochester, boast specialty master’s programs in quant heavy business disciplines that also are STEM certified.
The Closers: Business Schools That Get The Students They Want
Noted: Then, there is Penn State University’s Smeal College of Business. Smeal boasts a 62.8% yield – a percentage that’s 10 points or better than Northwestern Kellogg, Chicago Booth, Dartmouth Tuck, and Michigan Ross. Smeal’s secret? High standards and consistency. Although the program received 62 fewer applications during the 2016-2017 cycle, it managed to enroll two more students. Even more, it raised average GMAT by two points and lowered its acceptance rate by a point to 17.1% – two points better than Wharton, the pride-of-Pennsylvania. The Wisconsin School of Business performed a nearly identical feat. Despite collecting 174 few applications during the last cycle, it still manage to raise yield by 10 points to 61.6%. At the same time, it raised average GMAT by nine points, while maintaining a respectable 30.4% acceptance rate – just four points higher than the previous year.
Foxconn, UW-Madison leaders to make announcement
Leaders of Foxconn Technology Group and the University of Wisconsin-Madison are planning to make what they call a “major announcement” on campus Monday.
Google as an Outdoor Ad Player? The Industry Is Anticipating It
Quoted: If the company entered this market, “Google is going to hands down beat any other player just with the sheer number of advertisers that they already have,” said Paul Hoban, assistant professor of marketing at the University of Wisconsin-Madison’s business school. “They already have the auction mechanism built up from the display ad framework.”
UW System has $24 billion impact in Wisconsin, study shows
The UW System had a $24 billion impact in Wisconsin last year, representing a 23-to-1 return on investment for the state, according to a recent economic study.
UW Grad Runs Moped Company, Talks Benefits of Forward Fest
After graduating from the University of Wisconsin, Brueggeman moved to Beijing, China. While living there, he saw scores of small electric vehicles on the road and how they dramatically affected the way people moved and saw the world.
Madison startup Live Undiscovered Music takes the Pressure Chamber prize
DataChat, founded by UW-Madison computer sciences professor and serial entrepreneur Jignesh Patel, analyzes data to give business leaders the type of information they need to make decisions.
Exact Sciences to build new headquarters in Madison to accommodate growth
Noted: The University Research Park where Exact Sciences is building out its offices is run by a nonprofit corporation with ties to the University of Wisconsin-Madison and houses more than 140 companies.
Can A Video Game Build Empathy? UW Researchers May Have Found A Way
Researchers at the University of Wisconsin-Madison say they’ve developed a video game that can help develop empathy in students.
Girls get crash course in AI and robotics through Maydm summer program
LaShya Washington, an 11-year-old Mendota Elementary School student, sat with a laptop in a classroom in the School of Human Ecology building on the University of Wisconsin-Madison campus on Tuesday afternoon, typing instructions to a robot.
3-D Printer Technology
Interview with Dan Thoma, professor and director of the Grainger Institute for Engineering
5 ways to get off the busy bandwagon and make time for what matters
Noted: Zeratsky moved to Milwaukee with his wife, Michelle Zeratsky, in June and lives on the city’s east side. An alumnus of the University of Wisconsin-Madison, he lived in Chicago and San Francisco, and on his sailboat for eight months, before returning to his home state.
FF native Meloney Linder named UND vice president of marketing and communications
University of North Dakota President Mark Kennedy has appointed Meloney Golombiecki Linder to serve as Vice President for Marketing and Communications. Linder will begin her new duties Sept. 4.
UW Health chooses Oracle Cloud as a major new technology partner
The University of Wisconsin-Madison has signed a new technology partnership with Oracle Cloud for its integrated health system, UW Health.
Weed Legalization Is Tearing This Neighbourhood Apart
But in Denver, pot businesses boosted property values in their host neighbourhoods, according to a report last year from the University of Wisconsin-Madison School of Business. In other words, the business of weed can be both a boon to homeowners and a source of stress on local renters.
Fruit of the vine
Noted: The second-annual event is organized by the UW-Madison Department of Food Science. Enologist and outreach specialist Nick Smith is running the show with help from the Wisconsin Vintners Association, a Milwaukee-based organization for winemakers and enthusiasts that provided volunteers to serve as wine stewards for the competition. They’re busy backstage opening bottles, pouring flights and making sure that the nearly 500 glasses of wine are properly labeled before they’re delivered to the judges.
Madison’s connection to Foxconn
For UW–Madison, most conversations with Foxconn have focused on research and recruiting opportunities. From the College of Letters and Science to autonomous vehicles, Foxconn has expressed interest in drawing on some of UW–Madison’s unique assets. … “I think most people think of Foxconn [as] that place in Racine that’s going to manufacture big-screen TVs and large-scale tech screens, and they have a much broader set of interests than that [which] we’re working on,” says Charles Hoslet, vice chancellor of university relations at UW–Madison relations.
Race against time: UW-Madison team just misses cutoff to run pod through SpaceX hyperloop
With five minutes left on the clock, the University of Wisconsin-Madison team needed to pass two tests in order to qualify for the SpaceX Hyperloop Pod Competition finals.
UW–Madison artificial intelligence tool helps choose New Yorker cartoon captions
Finding the funniest captions for hundreds of cartoons in The New Yorker magazine is not the ultimate application of an artificial intelligence tool developed at the University of Wisconsin–Madison.
WEC Energy bets on solar, wind and natural gas. So, what about coal?
Quoted: “The technology keeps getting better and better — and, the most important thing, cheaper,” said Gary Radloff, who retired this year as director of energy policy analysis for the Midwest at the Wisconsin Energy Institute, a research center at the University of Wisconsin-Madison.
In Wisconsin, Foxconn’s Terry Gou seeks a future beyond Apple
As trade tensions between Washington and Beijing escalate, the chairman of Foxconn Technology Group, Terry Gou, has managed to make the assembler of iPhones seem immune from the bitter tariff war — and he even has become a notable job creator in the U.S. despite the fact that his hardware empire faces mounting challenges at a critical stage.
Want to be a better leader? Learn about yourself
The journey to becoming an authentic and effective leader starts by taking a moment to learn about yourself, says Jamie Marsh, director of BBA Career Services at the University of Wisconsin School of Business. “You must know yourself and what you’re made of to be an effective leader,” says Marsh, who addressed CUNA Management School Monday in Madison, Wis.
2018 MBAs To Watch: Carl Biggers, Wisconsin School of Business
He’s a product geek and fanatic problem solver with a passion for improving efficiency and reducing ambiguity.
The Data Is In: Huge Drop-Off In International MBAs
Interestingly, from last year to this year the same number of schools topped 40% international enrollment: seven … A pair of northern publics, the University of Minnesota’s Carlson School of Management (20.5%) and Wisconsin School of Business (20.2%) were at the low end as well, though in Carlson’s case the total represented aa jump of 4.4 points from last year.
2018 MBAs To Watch: Benjamin St John, Wisconsin School of Business
Q&A with St. John, a 2018 MBA recipient.
Is ‘Doing Time’ Money for Private Prisons?
Noted: Inmates in private prisons appear to serve 4 to 7 percent additional fractions of their sentences, which amounts to 60 to 90 days for the average inmate, according to a paper released by Anita Mukherjee, Ph.D., an assistant professor of actuarial science, risk management and insurance at the University of Wisconsin-Madison’s Wisconsin School of Business.
Start it up: After six years, the entrepreneurial hub StartingBlock is finally ready. Now what?
Quoted: For those who study startups, there are question marks when it comes to the “everything under one roof” model itself. Jon Eckhardt, a startup researcher at the Wisconsin School of Business, said that “there’s an incredible amount of experimentation” happening around the U.S. with startup centers, but not a lot of research on them.
Spurned by Harley-Davidson, Trump courts Foxconn.
Wisconsin’s potential human resource shortage has been a topic of conversation even before Foxconn’s 2017 announcement that it would open the plant; it certainly seemed to be on Walker’s mind in 2015, when he attempted to change the University of Wisconsin system’s mission statement.
SCOTUS Rules On Online Sales Tax
Noted: Hart Posen is a guest.
Supreme Court online tax decision sends smaller businesses reeling
Quoted: Hart Posen, an associate professor of management and human resources at the Wisconsin School of Business, thinks that as a result, this could become a boon for Amazon. “It is easy for a seller using Amazon’s platform to collect and remit sales tax. This should further push small retailers toward Amazon’s platform,” he said. That gives the online giant even more leverage.
This UW school will send students abroad as part of Foxconn internship
A collaboration between the UW–Madison Carbone Cancer Center, UW Health and Foxconn will explore standards of care and cancer treatments that may include an exchange with the National Taiwan University Cancer Center, UW-Madison spokeswoman Meredith McGlone said.
Read this before giving your teenager a credit card
Noted: According to a Wisconsin School of Business study, people who learn how to use credit cards early in life are less likely to have “a serious default in the future” and more likely to have a high credit score.
Foxconn, Wisconsin university, announce internship program
MILWAUKEE (AP) — Foxconn Technology Group and the University of Wisconsin-Milwaukee are launching an internship program that will send engineering students to the company’s headquarters in Taiwan for a semester.
Not playing around
Even if video games, like Trix cereal, were ever really just for kids, those days have long since passed.
Madison-based clean energy startup takes first prize in Wisconsin Governor’s Business Plan Contest
In spring 2015, two determined University of Wisconsin-Madison students, Aaron Olson and Mehrdad Arjmand, set a lofty goal: bring electricity to off-grid rural communities in sub-Saharan Africa.
UWSP receives clearance from UW system to finalize MBA program
The University of Wisconsin – Stevens Point is one step closer to earning accreditation to offer a Masters of Business Administration degree after receiving the green light from the UW system Friday.
Material choice vital for e-commerce, claims study
The choice of materials used in e-commerce packaging makes a big impact on consumers’ perception of product value, claims a joint study by converter Pregis and the University of Wisconsin (UW).
Madison clean energy startup NovoMoto wins top prize in state business plan contest
Winners of the business plan competition were announced at the closing luncheon of the two-day Wisconsin Entrepreneurs’ Conference at UW-Madison’s Union South on Wednesday.
Entrepreneurs Conference in Madison offers help for start-ups
The conference starts at 8 a.m. Tuesday and runs through Wednesday at Union South on the University of Wisconsin campus.
Entrepreneurs Conference in Madison offers help for start-ups
MADISON, Wis. – The Wisconsin Technology Council is hosting a conference to help Madison residents launch their own start-ups.
An unintended consequence of the GOP tax law: bigger pensions for some
Because of the new tax law, many companies got more serious about saving for retirement last year. According to a new study from the University of Wisconsin-Madison, the GOP tax bill likely led some companies to increase their defined-benefit pension contributions in 2017.
An unintended consequence of the GOP tax law: bigger pensions for some
According to a new study from the University of Wisconsin-Madison, the GOP tax bill likely led some companies to increase their defined-benefit pension contributions in 2017.
Considering a Credit Card for Your Teenager? Read This First
Noted: According to a Wisconsin School of Business study, people who learn how to use credit cards early in life are less likely to have “a serious default in the future” and more likely to have a high credit score.
Q&A: Jon Eckhardt wants to understand how UW students become entrepreneurs
Eckhardt is an associate professor with the Wisconsin School of Business and the executive director of the school’s Weinert Center for Entrepreneurship.
Study: Trump Tax Cuts Increased Pension Plan Contributions
A study from the University of Wisconsin-Madison released this week revealed that President Donald Trump’s Tax Cuts and Jobs Act led to an increase in defined-benefit pension plans in 2017.
Tax law led to increase in pension-plan contributions in 2017: study
Companies substantially increased their contributions to defined-benefit pension plans in 2017, likely because of the new tax law that President Trump signed in December, according to a new paper from researchers at the University of Wisconsin-Madison.
Trump applying 19th-century remedies to 21st-century problems
Is it a trade dispute with China, or is it a trade war? If the latter, is it on hold, or not? The flip-flops in America’s trade relationship with China are coming in ever more frequently, as President Trump issues and rescinds threats.
-Menzie Chinn is a professor of public affairs and economics at the University of Wisconsin. His research examines the empirical and policy aspects of macroeconomic interactions between countries.
Tax law led to increase in pension-plan contributions in 2017: study
Companies substantially increased their contributions to defined-benefit pension plans in 2017, likely because of the new tax law that President Trump signed in December, according to a new paper from researchers at the University of Wisconsin-Madison.
The origin of Origin Breads in Madison
Noted: Kirk wasn’t exactly sure how to get his bread business started, but then a consultant from the University of Wisconsin–Madison School of Business told him to start with wholesale and get his bread into stores. “She told me to bake some loaves, walk in and ask for [the] manager. [She told me that] any meeting you go to, bring bread,” Kirk says. Soon, loaves of Kirk’s bread could be found on the shelves of the Jenifer Street Market, the Regent Market Co-op and Fresh Market. “I slowly figured it out,” he says.