Tom Still column on campus innovation: “UW-Madison remains one of the nation’s research powerhouses and was ahead of the curve in offering pathways for entrepreneurs. But even that campus has experienced a post-2000 explosion in programs for students and faculty who want to convert ideas into businesses or other ventures. Across the rest of the UW System, most four-year campuses have committed to undergraduate research, industry connections and entrepreneurship training and built support systems to match. The same goes for many of Wisconsin’s private colleges and universities, notably many in the Milwaukee region, as well as the state technical college system.”
Category: Business/Technology
Gener8tor and Wisconsin Investment Partners named most active Midwest investors
Noted: Gener8tor, which recently partnered with the Wisconsin Alumni Research Foundation to train more University of Wisconsin-Madison entrepreneurs, runs start-up training classes in Madison and Milwaukee. It made 17 investments in 2015, according to Pitchbook.
Business, Engineering and Tech Grads Lead the Class of 2016
Quoted: And business students are in demand because they have a great balance of hard and soft skills, according to Amanda Earle, associate director of career advising at the Wisconsin School of Business at the University of Wisconsin-Madison. “Business students are trained to be able to dive into data, make meaning and connections with the data, and then tell a clear and concise story through written and oral communications to both internal and external stakeholders.” Earle says the ability to understand data and know how to effectively communicate it is crucial to helping businesses make important decisions for the bottom line.
Madworks Seed Accelerator accepts applications for start-up training class in Madison
Madworks Seed Accelerator, which operates in the heart of the University of Wisconsin-Madison campus, has begun taking applications for its sixth start-up training class.
Dairy farmers face a difficult year as milk price remains in a trough
Quoted: “For 2016, I think the consensus of the industry is there’s going to be downward pressure on prices,” said Brian Gould, an economist with the University of Wisconsin Center for Dairy Profitability.
Career Corner: Changing jobs to follow your spouse? 10 tips to ease your way
Noted: Author Sybil Pressprich is a career and educational counselor for the Division of Continuing Studies at UW-Madison. Pressprich helps adults with career transitions and continuing education through individual sessions and workshops.
Start-up companies are fueling new jobs in Wisconsin, according to new study
Companies less than a year old accounted for all of Wisconsin’s net new job creation in 2012, according to a new study conducted by two University of Wisconsin-Madison researchers.
Is filing a patent worthwhile?
Quoted: File your patent early or opt for secrecy. Martin Ganco, associate professor of management and human resources at the Wisconsin School of Business, advises, “A small-business owner should consider filing a patent as early as they have a patentable technology. It can be in the early stages. It is a common mistake to think that a fully functioning prototype is needed to apply for a patent. In rare cases, if the patent provides weak protection, it may be better to opt for not patenting and opt instead for secrecy.”
Teachers take new paths to hard-to-fill specialty jobs
Noted: Griffie graduated from University of Wisconsin-Madison with a degree in economics and spent three years training high school volunteers to do home repairs in Appalachia.
Phoenix Nuclear Labs raises another $790,000
Noted: Phoenix was founded in 2005 by Greg Piefer, who received his PhD in nuclear engineering from the University of Wisconsin-Madison. Shine Medical Technologies Inc., a Middleton company that is seeking approval from federal regulators to build a medical isotope production plant in Janesville, was spun out of Phoenix in 2010.
Shine Medical Technologies raises $11.5 million in additional financing to build Janesville plant
Noted: Shine, which grew out of technology developed at the University of Wisconsin-Madison, signed a long-term agreement in 2014 to supply moly-99 to GE Healthcare. Tests conducted by the two companies in November showed that moly-99 made with Shine’s proprietary method worked with GE’s equipment and processes, proving its market viability.
UW study: Startups driving job growth, but policies favor big business
Tessa Conroy and Steven Deller recently completed a study showing that Wisconsin job growth is fueled by newer, smaller businesses. But the report says state policies tend to boost larger, more established businesses.
Can’t make it to work? Robot keeps woman plugged in
Quoted: The technology behind the robots is mature and reliable, said Bilge Mutlu, associate professor of computer science at the University of Wisconsin-Madison. So obstacles to more widespread use are the rate of adoption and infrastructure challenges, like WiFi coverage, he said.
In 2016, Foreign Real Estate Investors Plan Continued US Investment
Noted: AFIRE members are among the largest international institutional real estate investors in the world and have an estimated $2 trillion or more in real estate assets under management globally. The survey was conducted in the fourth quarter of 2015 by the James A. Graaskamp Center for Real Estate, Wisconsin School of Business.
Tech and Biotech: EnsoData helps find sleep apnea; Microscopy Innovations helps the Army combat Ebola
Noted: The two UW-Madison graduates — Fernandez, with a degree in biomedical engineering, and Rusk, in electrical and computer engineering — had been trying to start a company for the last couple of years “in various forms and inclinations,” Fernandez said.
Tom Still: Computer sciences at UW-Madison expanding reach into Wisconsin economy
On a campus famed for its breakthroughs in biotechnology, engineering and agriculture, a much smaller department is exerting an outsized effect on the Wisconsin economy – and beyond.
Universities Race to Nurture Start-Up Founders of the Future
HOUSTON — The original charter of Rice University, drafted in 1891, established a school here dedicated to the advancement of literature, science and art. These days, Rice seems equally dedicated to the advancement of the next Mark Zuckerberg.
$3.5M grant keeps Wisconsin Energy Institute open
A center that focuses on clean energy research will continue operating at the University of Wisconsin-Madison after a $3.5 million grant from the school’s research foundation.
The Wisconsin Alumni Research Foundation’s grant to the Wisconsin Energy Institute was announced Tuesday [Dec. 22].
Epic Systems endows three faculty positions at UW-Madison
Epic Systems will endow three faculty associate positions within the University of Wisconsin–Madison computer sciences department, the university announced earlier this month. The endowed faculty will teach software development, application design and user experience.
Banking on stem cells at Cellular Dynamics International
Founded by UW-Madison’s renowned stem cell pioneer James Thomson in 2004, CDI has been inking powerful deals and gradually adding staff as it has set about to become the premier source for stem cells in the world. In a meeting with the Wisconsin State Journal this week, Kazuyoshi Hirao, CDI’s new chairman and CEO, and Chris Parker, executive vice president and chief business officer, said the company, at 525 Science Drive, will stay in Madison and will continue to grow here.
@1403 Aims to Foster Innovation on UW-Madison Campus and Beyond
Since taking office two years ago, University of Wisconsin-Madison chancellor Rebecca Blank has championed the effort to make more resources available to members of the campus community who have ideas for new companies.
David D. Haynes – Let’s talk about economic security
Noted: National security quite rightly has dominated our political debate in recent weeks, but I can’t think of a more important issue for Wisconsin and the nation than economic security. The Journal Sentinel opinion pages will focus on this concern as we close out 2015 and move into the presidential election year of 2016. That conversation begins Sunday in Crossroads when we will publish commentary on the Pew report by Salim Furth, a researcher at the Heritage Foundation, and from the Center on Wisconsin Strategy at the University of Wisconsin-Madison.
FDA regulations on raw milk cheeses concern local cheese makers
Quoted: Marianne Smukowski, a dairy safety application coordinator at the University of Wisconsin Center for Dairy Research, says that the non-toxigenic E. coli can serve as an “indicator organism” that may show the presence of harmful pathogens in food. She says 95 percent of raw milk cheeses checked in one FDA test did not show them, which is why in part she’s unclear as to why the FDA is using that as a new testing issue.
“I don’t know why the FDA is pushing for it,” Smukowski said. “They decided to implement it based on some of the results they have seen in their assignment.”
Madison startup aims to make app development easier
Noted: That access is something Willis, a web developer and former Ph.D. student at the University of Wisconsin-Madison, didn’t have when he tried to launch a different startup in Madison a couple years ago.
Quick road to revenues for young startups
Quoted: Jon Eckhardt, executive director of the UW-Madison Weinert Center for Entrepreneurship and a co-founder of gener8tor, said he thinks programs like gener8tor are spurring more cooperation between Madison and Milwaukee.
Career Corner: Test your job-market knowledge
Noted: Author Moira Kelley is a senior career counselor in UW-Madison’s Division of Continuing Studies.
Wisconsin companies saluted as ‘Green Masters’
Quoted: “I know the privilege of being recognized in front of your peers is a big incentive for companies to continuously improve,” said Tom Eggert, who teaches sustainable business at the University of Wisconsin-Madison and serves as executive director of the council. “The competitive nature of staying at the front of the pack causes Wisconsin companies to rise above their peers from other states.”
The Hottest New MBA Is Not an MBA at All
Noted: Discussing the growth of specialized master’s programs as alternatives to an MBA, the article says, “[O]nce you get down into the lower half of the top 50 B-schools, you’ll find a program for just about any career direction, from biotechnology management at the U.C. Irvine Merage School, to global real estate at the Wisconsin School of Business[.]”
Charles H. Noski Elected FAF Board Chair; Board Names Five Others as FAF Trustees
Noted: The Trustees of the Financial Accounting Foundation (FAF) also reappointed Trustee Terry D. Warfield, PwC Professor in Accounting and chair of the Department of Accounting and Information Systems at the University of Wisconsin, Madison. Mr. Warfield’s new term will end on December 31, 2018.
Nuclear energy: business-friendly and climate-safe
Noted: Author John Williams is the director of the Nelson Insitute’s Center for Climatic Research and Professor of Geography at UW-Madison. Paul Wilson is the interim chair of the Nelson Institute’s Energy Analysis Policy Certificate and professor of nuclear engineering in the Engineering Physics Department at UW-Madison.
EatStreet gains another $15 million in investments
Noted: Howard, 26, started the company with two friends when he was a student at the University of Wisconsin-Madison. The company’s core focus is on gaining restaurants in college towns and medium-sized cities as customers.
Local business tackles Cyber Monday for the first time
Quoted: Jerry O’Brien [executive director, The Kohl’s Center for Retailing Excellence], says this trend of “online and not in-line” has been revving its engine for a while now. Online shopping may not be beating regular old shopping in person, but it’s getting there.
“The growth has been consistent. The past four years it’s had dramatic growth, so there’s obvious a trend where we have more people every year, and this past weekend it looks like more than 20 percent of the people took advantage of it so it’s a growing trend,” explained O’Brien.
Busy Cyber Monday shows renewed faith in online shopping, experts still caution safety online
Noted: “What happened to Target’s website this morning, to me, this doesn’t necessarily represent a hacking attempt or a theft of credit card information, but rather people showing they have confidence in the online retailers and Target’s site is just overwhelmed with shoppers,” UW-System Chief Information Security Officer Nicholas Davis explains.
Tom Still – Drop in academic R&D spending should worry policy-makers
The latest figures on academic research spending in the United States provide, on the surface, some reassuring news for Wisconsin. For starters, the University of Wisconsin-Madison held its position as the nation’s fourth-largest research and development powerhouse.
As demand for data skills grows, big gift bolsters UW computer sciences
Computer science classes, once the exclusive realm of computer geeks planning careers at software companies, are fast becoming part of the mainstream college experience.
Drop in academic R&D spending should worry policy-makers
The latest figures on academic research spending in the United States provide, on the surface, some reassuring news for Wisconsin. For starters, the University of Wisconsin-Madison held its position as the nation’s fourth-largest research and development powerhouse. Lurking under the waves, however, are currents that should send a chilling message to policy-makers who believe the state can continue to reduce support for higher education — especially basic research — without taking on water over time.
Free UW Legal Clinic Gives A Hand To Local Startups
A free legal clinic for entrepreneurs has helped hundreds of Wisconsin businesses open up shop.
New startup hub @1403 opening in heart of UW-Madison campus
Madison is about to get another startup hub. Nestled in the heart of the University of Wisconsin-Madison campus, right across the street from the Wisconsin Institutes for Discovery, a (formerly purple, as some Madisonians know) brick building was christened “@1403,” named for its location at 1403 University Ave., last week.
Allen Dines sparks entrepreneurship in Madison
A Q&A with this early advocate for Madison’s startup community.
UW-Madison department gets large donation
UW-Madison’s computer sciences department has received a $5 million donation from a Milwaukee businessman and his wife.
The university announced the donation from Sheldon and Marianne Lubar on Friday. Other Badger alumni, John and Tashia Morgridge, matched $2 million of the Lubars’ donation, making the total donation $7 million.
Couple donates $5 million to UW computer department
A Milwaukee businessman and his wife have donated $5 million to the University of Wisconsin-Madison’s computer sciences department.
Milwaukee Electric Tool could add 500 jobs with Brookfield expansion
Noted: The company is a “substantial economic driver” for southeastern Wisconsin, and is “a significant employer of graduates from engineering schools such as MSOE, Marquette, UW-Milwaukee and UW-Madison,” Jim Paetsch, vice president of the Milwaukee 7 economic development group, said in a statement.
Wiley: Patent infringement is theft, plain and simple
Personal computers, cellphones, GPS devices, e-mail, the Internet — all of the technology driving today’s economy traces its origins to two inventions: the 1947 transistor from Bell Telephone Laboratories and the 1958 integrated circuit from Texas Instruments and Fairchild.
More money, fewer problems: National experts talk obstacles for Madison’s startup scene
Report on panel discussion at the UW-Madison on Wednesday evening featuring representatives of global, national and local startup incubator and accelerator programs.
Kroger To Acquire Roundy’s Grocery Stores
Quoted: Jerry O’Brien, who leads the Kohl’s Center for Retailing Excellence, said the Kroger buyout could bring more development to the area in the future.”They may use that as an opportunity to have a northern headquarters,” said O’Brien. “We really are a unique part of the country for them.”
Kroger to buy Milwaukee-based Roundy’s to expand in Midwest
Quoted: Jerry O’Brien, executive director of the Kohl’s Center for Retailing at UW-Madison, questioned whether Kroger will keep the well-known grocery names used by Roundy’s or convert the stores to Kroger or some other brand already associated with the company.
Cellular Dynamics lands big contract with a major pharmaceutical company
CDI was founded by UW-Madison stem cell pioneer James Thomson in 2004. In addition to Madison operations, at 525 Science Drive, CDI has a branch in Novato, California, where it is a partner in a stem cell bank. The company had annual revenue of $16.7 million in 2014.
Durable Wildly Wald placemats add whimsy to dinner table
Noted: Wald was born in Shorewood and graduated from the University of Wisconsin-Madison, so she said Wisconsin is a fond place. She founded the retail printing company Great Big Pictures Inc. in Madison in 1973 and returns to the state to visit relatives several times a year.
Architect Brown, green building expert Eggert honored for efforts
An architect who helped lead implementation of green building practices and the founder of a statewide sustainable business organization have won top honors from the Wisconsin affiliate of the U.S. Green Building Council.
Patent infringement suits have a reputational cost for universities
Last month, a jury found Apple Inc. guilty of infringing a patent of the University of Wisconsin-Madison (UW) and ordered the tech giant to pay $234 million. The university scored a big financial victory, but this hardly meant any gain for the good name of the university.
Madison Style: Finding a new home for ‘better brands’
Noted: Before opening Simply Savvy, Dubas completed entrepreneurial training at the UW-Madison School of Business. She recognized the need and benefits of clothing consignment as a mom, when she often sold her children’s clothes at a local consignment shop. When that shop was closing, she helped the owner clear out her inventory and discovered a knack for the retail niche. The business also fits her organizational and design skills, she said.
For neighborhood next to Oscar Mayer, a fabled history gives way to an uncertain future
Noted: The neighborhood was developed in the 1940s and today represents a remarkably preserved example of the kind of postwar, mass-produced housing that would proliferate in the following decades, according to Anna Andrzejewski, a UW-Madison professor of art history who has written about the neighborhood.
Whitcomb Technologies wins top honors in pitch competition at Wisconsin Early Stage Symposium
Noted: The pitch contest capped off the Wisconsin Technology Council’s two-day conference, which drew about 575 attendees. Also at the conference, Jeff Rusinow was inducted into the Investor Hall of Fame, and Thomas “Rock” Mackie received the 2015 Excellence in Entrepreneurial Education Award. Mackie, a professor emeritus of medical physics at the University of Wisconsin-Madison, co-founded Healthmyne and TomoTherapy Inc.
What does the future hold for manufacturing in WI?
Quoted: “Madison lost out on this one,” Steven Deller said.Deller teaches Agriculture and Applied Economics at UW and he says this week’s job loss could be a sign where this state is going.”I think the days of big manufacturing plants that employ thousands of people in Wisconsin are limited,” he said.
Department of Workforce Development, Madison College team up to help displaced Oscar Mayer workers
Quoted: Oscar Mayer has not confirmed what type of severance packages or benefits they will provide to the displaced workers, Barry Gerhart, University of Wisconsin professor of management and human resources, said. But regardless of the compensation, the closure will be a major challenge for displaced employees.
Venture capitalists nod to Epic Systems, UW-Madison for Madison’s burgeoning startup scene
Venture capitalists are optimistic about Madison’s future as a startup hub, according to a panel of experts speaking at the Wisconsin Early Stage Symposium on Wednesday.
Food manufacturing jobs dropped 40 percent in Dane County between 2001 and 2014
Noted: In an October 2014 report on the area’s agriculture, food and beverage industry cluster prepared for the Madison Region Economic Partnership, Matt Kures of the UW Extension Center for Community and Economic Development wrote that a loss in food manufacturing employment was a result of changes at individual companies rather than declining regional competitiveness.
Chancellor Blank elected to Internet2 Board
UW-Madison Chancellor Rebecca Blank was elected to the Internet2 Board of Trustees this week, a panel made up of various university presidents, chief information officers, researchers and industry partners.
Oscar Mayer plant’s height could have been its undoing, union leader says
Quoted: UW School of Business professor Robert Krainer said he thinks more than a consolidation, the changes represent a contraction. “They are producing a product that fewer and fewer people are consuming,” he said.
Scientists create a tiny, flexible lens modeled on insect eyes
Science seems obsessed with creating tiny objects that can do big things. Like a team at the University of Wisconsin-Madison which has created a new microlens with a 170-degree field of vision.