Noted: On Monday, a report by a UW-Madison economist found the massive manufacturing complex could generate nearly $4 in gains for the state for every $1 in taxpayer subsidies.
Category: Business/Technology
WARF to rev up funding for startup companies
WARF is blazing forward with efforts to turn UW-Madison discoveries into products on the market, and will triple its spending on entrepreneurial programs over the next several years.
Report: Foxconn could return nearly $4 for every $1 in state subsidy
A massive manufacturing complex planned by Foxconn Technology Group could generate broad gains for Wisconsin “that go far beyond the direct job estimates and tax revenue costs which have dominated the recent discussion,” according to a report by a UW-Madison economist released Monday.
Study Finds ‘E-Visits’ Don’t Save Doctors, Patients Time
For most patients, the ability to send an email to their doctor can feel like a quick way to get their health concerns addressed. For doctors, these “e-visits” were touted as both a potential time-saver and a way to bring down health care costs. However, an updated study from the Wisconsin School of Business at the University of Madison-Wisconsin found e-visits were less of a time and money saver than previously believed.
A Stoughton entrepreneur has found a way to print metal without a million dollar 3D printer
Quoted: Benjamin Cox is an assistant engineer in the Morgridge Institute for Research fabrication lab at UW-Madison and a graduate student in the medical physics department who has been working in 3D printing for seven years. He said comparing printing Filamet on a home 3D printer to the larger metal printers is “a bit of a false comparison”.
UW-Madison researchers: Too many romantic options from online dating could leave us unhappier
A new study by UW-Madison researchers finds there can be such a thing as “too many fish in the sea”: having so many romantic options, you’re less satisfied with your choice.
Village OKs creative economy funds for Waunakee
Noted: The funds would go to the Bolz Center for Arts Administration, a UW-Madison master’s degree of business administration program with a focus on arts administration, to partner with the village.
Salary History: To Ask or Not to Ask?
Quoted: All things considered, talking about past pay can offer employers some insight into a candidate, says Barry Gerhart, senior associate dean for faculty and research at the University of Wisconsin School of Business. “You can glean useful information from knowing [an applicant’s] salary history, because it does show the degree to which, or whether, a person has successfully moved through positions of increasing responsibility,” says Gerhart.
The Science Behind Companionizing Gifts
Noted: Well, “sharing” to the extent that two people have matching copies of the same object. “The fact that a gift is shared with the giver makes it a better gift in the eyes of the receiver,” says Evan Polman, marketing professor at the University of Wisconsin-Madison. “They like a companionized gift more, and they even feel closer to the giver.”
Haynes: Foxconn could juice the Wisconsin economy, but at what cost?
Noted: Neis points to GE Healthcare, which employs 6,800 people and has 870 suppliers in Wisconsin, supporting another 21,000 jobs. GE has worked closely with the University of Wisconsin-Madison, he noted, and executives have left the company to start their own ventures, including TomoTherapy, NeuWave Medical and Healthmyne. Foxconn could have the same halo effect.
UW researchers involved in developing driverless cars
MADISON, Wis. – Most experts agree, driverless car or autonomous vehicles are coming. Just when it will happen remains up for debate.
Foxconn hearing reveals team effort – and provides a few ideas
After lawmakers finished grilling members of the Walker administration over the details of a proposed incentive package to bring Foxconn Technology Group to Wisconsin, the mood in Thursday’s public hearing audibly changed.
A Smartphone Tool to Help Addicts Recover
More than 15 million American adults — 8.4 percent of men and 4.2 percent of women — suffer from some form of alcohol-use disorder, according to the National Institute on Alcohol Abuse and Alcoholism. (NIAAA). The federal health agency estimates that the annual economic cost of alcohol misuse hovers around $249 billion once one weighs the tolls on our health care system, public safety and productivity, to say nothing of the inestimable emotional cost.
SHINE starts construction of the first building in its Janesville campus
SHINE is an offshoot of UW-Madison research that Piefer began as a graduate student in the lab of Gerald Kulcinski, now professor emeritus of engineering physics and director of the UW’s Fusion Technology Institute.
How to Help Colleges Teach Financial Literacy
Noted: The University of Wisconsin-Madison offers two 16-week courses for one credit that teach money management. One offering is directed at freshmen and sophomores and the other for juniors and seniors. These courses are supported by peer counselors from the personal-finance major who conduct small group sessions. The UW alumni association also has long-offered a free one-day workshop for graduating seniors in cooperation with local financial professionals that draws up to 300 attendees.
University of Wisconsin System says it needs more state money to help meet Foxconn’s workforce needs
The University of Wisconsin System says with more state money, it can boost engineering enrollments and training for other workers needed by a Taiwanese electronics company that has big plans to build a factory in southeastern Wisconsin.
Foxconn payroll could hit $800M annually, state official says
University of Wisconsin System President Ray Cross also told lawmakers he believes the Foxconn project would be “transformative” for the state and would “catapult” the state university system into a “position of global prominence.”
Foxconn considering a second Wisconsin facility — this one in Dane County
Noted: Like several other sources, Gonzalez pointed to UW-Madison as an important factor for Foxconn in considering Dane County. In addition to the research there, UW is also an alma mater for executives and scientists in Taiwan who are connected to Foxconn, sources said.
Wisconsin tech leaders weigh potential impact of a Foxconn plant
Rebecca Blank, the UW-Madison chancellor, has already proposed strategic partnerships with Foxconn that could result in funding for research and development at the university.
Foxconn eyeing secondary site in Dane County
The company is looking for a 20-acre site in the Madison area on which it can build a 700,000-square-foot manufacturing plant that could employ as many as 650 people over the first five years of operation, according to the July 26 email the Madison Region Economic Partnership (MadREP) sent to city, county, UW-Madison and business officials around Dane County. July 26 was also the day Foxconn’s Wisconsin project was announced in Washington, D.C.
Foxconn would need thousands of engineers; can the region’s universities supply them?
Specifically, Foxconn would need 1,600 process equipment engineers, 463 integration engineers and 300 computer-integrated manufacturing engineers. Ian Roberston, the dean at the College of Engineering at UW-Madison, said he believes that UW System, along with other schools in the area, would be able to address Foxconn’s workforce needs — as well as those of other companies in the state — but it would require growing the number of engineering students enrolled at undergraduate institutions.
Over the past few years, UW-Madison’s engineering school has completed a series of renovation projects on its laboratory and facilities, Robertson said, and it has the capacity to handle an additional 500 to 600 students.
What it doesn’t have is the necessary faculty and staff numbers to handle an influx of students that large, he said.
“I’m confident that we can increase our capacity, with an appropriate investment, in order to meet that demand,” he said.
John Biondi to Step Down as Director of UW’s Discovery to Product
John Biondi, who since 2014 has directed Discovery to Product—a program that helps students, faculty, and staff at the University of Wisconsin-Madison turn ideas into companies—says he’s leaving the organization later this month.
Foxconn could take Wisconsin businesses to next level
Noted: In another local connection, the head of the Carbone Cancer Center at the University of Wisconsin-Madison recently met with representatives of the medical equipment division within Foxconn about potential collaboration with cancer researchers in Taiwan. “I will hope and expect that there will be a give and take … such that patients in Taiwan would benefit and patients in Wisconsin would benefit,” Howard Bailey, the center’s director, said in an interview.
Business Incentives Lead the Way in Attracting New Jobs
Last week, Governor Scott Walker announced that Foxconn would open its first U.S. plant in Wisconsin and in turn, the state would provide $3 billion in incentives. WUWM spoke with UW-Madison economics professor Noah Williams about why states offer deals to companies.
Madison researcher goes from astrophysics to health care with new startup
As a post-doctoral researcher at the University of Wisconsin-Madison, Bob Lindner used to develop artificial intelligence to better understand the stars, programming ways to analyze the data collected by massive telescopes.
Tom Still: Foxconn decided to make Wisconsin its American home for more than incentives
There are 75,000 graduates produced each year by the University of Wisconsin System, the Wisconsin Technical College System and the state’s private colleges and universities. That’s a likely source for some of the workers who will eventually fill Foxconn’s Wisconsin labor force. Wisconsin colleges and universities are also home to a research and development structure that rivals what can be found in most states – although it’s time to reinvest in that asset before quality wanes.
Apple owes the University of Wisconsin $506 million for using patented technology in iPhones and iPads
U.S. patent No. 5,781,752 may not sound special: It’s a “table based data speculation circuit for parallel processing computer.” But for the Wisconsin Alumni Research Foundation — the research arm of the University of Wisconsin-Madison — it’s now worth half a billion dollars.
Madison’s black entrepreneurs celebrated at Heymiss Progress Business Expo
In an effort to connect black-owned businesses in Milwaukee and Madison, the Heymiss Progress Business Expo and Job Fair returned to Madison late July, this year featuring a University of Wisconsin student’s clothing line which drew headlines for its controversial message.
Apple will pay $506 million to the University of Wisconsin for patent infringement
Apple has gotten itself into a bit of a pickle. U.S. District Court Judge William Conley pounded the gavel on Monday ordering Apple to pay $506 million to the Wisconsin Alumni Research Foundation (WARF).
Foxconn’s Terry Gou’s interest in cancer research brings execs to the University of Wisconsin center
MADISON – Foxconn executives have met with staff of the Carbone Cancer Center at the University of Wisconsin-Madison — a sign of how far the economic ripples of a deal with the company might eventually extend.
Foxconn could be ‘game-changer’ for Wisconsin, Dane County but questions center on workforce, cost to taxpayers
Paul Jadin, president of the Madison Region Economic Partnership, said there would be potential links for local medical-device manufacturers and for UW-Madison. “Certainly there would be opportunities for our supply chain. We also would be a very significant player in research and development” at UW-Madison, Jadin said.
Apple ordered to pay $506 million to university in patent dispute
(Reuters) – A US judge on Monday ordered Apple Inc to pay $506 million for infringing on a patent owned by the University of Wisconsin-Madison’s patent licensing arm, more than doubling the damages initially imposed on Apple by a jury.
Report: Foxconn deal to come in Milwaukee Thursday
A spokesman for Chancellor Becky Blank would not confirm a meeting had taken place, but said in a statement that ” UW-Madison supports economic development efforts in the advanced manufacturing or tech sectors that will provide more opportunities for Wisconsin and its citizens.”
Report: Foxconn deal to come in Milwaukee Thursday
MADISON, Wis. – A deal for a major tech company to come to Wisconsin could be imminent, according to reports.
Big Ideas at UW-Madison
The University of Wisconsin–Madison is a big-idea powerhouse.
Video game by UW-Madison group is up for national award
A video game about exploring the cosmos that a University of Wisconsin-Madison institution developed is up for a national award for educational games.
Foxconn coming to Wisconsin brings good and bad
Buzz about a massive Taiwan manufacturer setting up shop in Wisconsin seems to be getting louder. That could have tremendous ripple effect, says University of Wisconsin economist Hart Posen.
UW software aims to find and fix biased computer programs
UW-Madison researchers are trying to root out race bias and other unfairness that has surfaced in computer programs used increasingly by private companies and government offices to decide if you are hired, approved for a bank loan or sent to prison.
A Wisconsin team rolls out their Badgerloop 2.0
We’re no strangers to the University of Wisconsin-Madison’s Badgerloop team, having spilled some ink about their impressive showing at last year’s inaugural Hyperloop competition at SpaceX headquarters in California. (We even profiled them in a video vignette which you can view here.)
Bofanna makers hope to introduce ice cream lovers to something different
Stagakis and Wojcik set out to create an ice cream bar that would stand out in the industry, and for fine tuning, the partners took their recipe to the UW-Madison Dairy Science Department to make sure the product met the standards they were looking for.
UW-Madison students prep for last leg of high-tech transportation contest
University of Wisconsin-Madison students are putting the final touches on a high-tech metal pod designed to shoot a passenger through networks of pneumatic tubes at 270 mph.
Honoring UW mega-donor John Morgridge
Every summer, about 60 graduate students with diverse backgrounds and interests come together at the UW-Madison School of Business for a week of intensive schooling about what it takes to start a tech-based company.
Roads to node-where
Internet users may soon notice a boost in performance thanks to a team of UW-Madison researchers who published an atlas of its physical structure around the world.
Implicit Bias In the Classroom: Can Video Games Help Combat It?
Researchers at University of Wisconsin-Madison are developing a video game that will guide K-12 teachers through the hazards of unconscious attitudes and assumptions that affect the way they see their students, a phenomenon called “implicit bias.”
Patent-Heavy Schools Look to Courts for IP Paydays
If the Regents of the University of California and the California Institute of Technology see big paydays in their fight against tech bigwigs, could that further fuel the university patent boom?
Educated workforce drives Madison to No. 10 on tech city list
Madison ranked No. 10 on a list of top 25 tech cities, and much of it has to do with a highly educated workforce, according to a report by commercial real estate services firm, Cushman & Wakefield Inc.
Wisconsin startup investments have nearly doubled in five years
The panelists also addressed the nagging problem of the “valley of death” in funding startups in Wisconsin. While the seed round is relatively easy to raise, many startups struggle to get additional investment beyond that stage.
“There is a real regional strength here in the state. You look at what comes out of UW-Madison, -Milwaukee, the other institutions here—there’s a lot going on,” Arida said. “There’s not a lot of follow-one capital. There has been a disproportionate surge in seed investing relative (to later stage investment).”
Women in tech say: Treat us with respect, too
About 600 people attended the two-day Wisconsin Entrepreneurs’ Conference at Union South.
Judge Upholds $234M Award to WARF in Apple Patent Case
A federal judge on Tuesday rejected Apple’s request to overturn a jury’s finding that the company must pay $234 million in damages to the Wisconsin Alumni Research Foundation (WARF) for infringing on a patent held by the foundation, according to a statement from WARF and multiple news reports.
Federal judge upholds $234 million jury award against Apple in WARF case
A federal judge in Madison on Tuesday upheld a jury’s $234.3 million damages award against computer maker Apple, which in October 2015 lost a patent infringement lawsuit filed by the Wisconsin Alumni Research Foundation, UW-Madison’s intellectual property arm.
Three tips for job-hopping without guilt
Noted: April McHugh is a career and educational counselor for the Division of Continuing Studies at UW-Madison.
Wisconsin startup’s invention helps firefighters navigate through burning buildings
Noted: Dykes was among 13 finalists to participate in the contest, organized every year by the Wisconsin Technology Council. The council’s president, Tom Still, announced Dykes as the winner of the competition at an award ceremony at the University of Wisconsin-Madison Memorial Union South, as part of the council’s Wisconsin Entrepreneurs’ Conference.
Apple loses bid to overturn university’s $234 mln patent verdict
A U.S. judge has rejected Apple Inc’s bid to overturn a jury’s $234 million award to the University of Wisconsin-Madison’s patent licensing arm for incorporating its microchip technology into some of its iPhones and iPads without permission.
University of Wisconsin Naming Partnership approaches halfway point
The price to buy nothing has gone up over the last 10 years, and an exclusive group of donors is very interested in finding out what the next 10 will bring.
UW-Madison inches up from 7th to 6th place in world race for patents
With 168 patents issued last year, the University of Wisconsin-Madison moved back into sixth place among 100 universities surveyed around the world last year, according to a news release from the school.
Business plan contest continues to produce winners for Wisconsin
Noted: The latest crop of contest finalists will present Tuesday at the 15th annual Wisconsin Entrepreneurs’ Conference at Union South in Madison, where 500 or more people will gather to hear speakers, panel discussions and more over two days ending Wednesday afternoon.
Wicab’s BrainPort draws national attention
Noted: The magazine article focuses on the history of the BrainPort, created in the 1960s by the late UW-Madison professor Paul Bach-y-Rita, and how mountain climber Erik Weihenmayer uses the device.
Virent moves biofuels closer to market as new CEO takes over
Noted: Virent’s BioForming process, whose roots came from UW-Madison research by Randy Cortright and James Dumesic, can turn waste agriculture products, such as corn cobs and stalks, into fuel that has the same chemical makeup as gasoline or jet fuel and can be used as a substitute for the petroleum products.
New Bascom Ventures capital fund is premised on UW alumni pride
The secret ingredient to building a robust investment fund for startups might just be Badger pride. That’s the idea behind a new venture capital fund called Bascom Ventures, anyway.
UW-Madison Fermentation Sciences Program and Wisconsin Brewing Company Collaborate on Red Arrow American Pale Ale
Red Arrow American Pale Ale became available in stores May 1, and in just a few short weeks is nearly sold out. The high demand shows that the UW-Madison Fermentation Sciences Program (Campus Craft Brewery) has met its educational goals, while its partner, Wisconsin Brewing Company has exceeded its commercial goals.