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Category: Business/Technology

New Wisconsin venture capital fund has the potential to be a watershed moment

Milwaukee Journal Sentinel

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

Education Dive

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.

UW-Madison to Upgrade Engineering Campus With $100M Foxconn Gift

Xconomy

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.

Rochester Simon Becomes First B-School With STEM-Certified MBA

Poets & Quants

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

Poets & Quants

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.

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.”

Fruit of the vine

Isthmus

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

Madison Magazine

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.

In Wisconsin, Foxconn’s Terry Gou seeks a future beyond Apple

Nikkei Asian Review

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.

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.

Is ‘Doing Time’ Money for Private Prisons?

Correctional News

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?

Capital Times

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.

Supreme Court online tax decision sends smaller businesses reeling

NBC News

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.

Trump applying 19th-century remedies to 21st-century problems

The Hill

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.

The origin of Origin Breads in Madison

WISC-TV 3

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.