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Category: Business/Technology

Venture Capitalists Enlist Student-Run Funds to Find the Next Facebook

Wall Street Journal

Noted: The business school at the University of Wisconsin-Madison has a course tied to a $1.5 million fund, which can be invested in companies started by students in the class. The fund has made 20 investments since 1998—less than half of the startups have shut down, while a handful have been sold. “But it’s not as good as it may sound,” said Dan Olszewski, the program’s instructor. “Some companies that are two years old are still alive, but they’re not on the right track.”

Comeback kid: Developer Terrence Wall refocuses on Madison

Capital Times

Noted: Wall has been interested in development since earning an economics degree from UW-Madison in 1987. He then completed a master’s degree in real estate appraisal/investment analysis where he studied under Professor James Graaskamp, considered a leader in the field of urban land economics and risk management.

Energy tracking app developed at UW-Madison

WKOW TV

Want to keep track of how environmentally conscious you’re being? There’s an app for that. The MyEarth app launched this week in conjunction with Wednesday’s Earth Day holiday. The app, which was made available on the Apple and Android app stores on Monday, had already been downloaded by roughly 800 people as of Wednesday afternoon.

This Is the App You Need to Download for Earth Day

Time

Nancy Wong, the app’s designer and professor of consumer science at the University of Wisconsin at Madison, said on the institution’s website that in many people what looked like a lack of concern for the environment was really “a failure to connect individual action to that bigger picture.”

Tom Still: Patent director’s visit to Wisconsin underscores value of innovation economy

Lee’s visit to Wisconsin — part of a Midwest tour that has included other patent hotspots — came at a time when Congress is again debating how to streamline the U.S. patent system … It also underscored why major research universities such as UW-Madison are vital to the innovation economy, not only nationally but in the states and communities they serve.

Badger Fund of Funds already a success

Milwaukee Journal Sentinel

Noted: “We believe the deal flow in Wisconsin is more than sufficient,” said David Guinther, a founding member of WISC Partners, an early stage fund launched by UW-Madison graduates who made their mark in Californias Silicon Valley. “Ive seen amazing changes in our ecosystem in Wisconsin since I came back five years ago.”

U.S. Patent Director visits Madison

WKOW

A leader in the U.S. business world visited Madison on Wednesday in hopes of fostering more innovation.

Michelle K. Lee, the director of the U.S. Patent and Trademark Office, toured the Wisconsin Institutes for Discovery.

Lee said she wants to identify ways that her office can better serve the innovators and entrepreneurs in the Madison area.

UW grads make their mark on sandal season

WKOW TV

Two UW grads are putting their degrees to good use. “When we tell people we sell sandals, and we’re from the Midwest, it’s a little bit contradictory,” says Matt McManus, owner and founder of Bokos Footwear Company. He and his brother, James, launched their staple rubber sandal two years ago this week.

Milwaukee Succeeds initiative names Danae Davis its new leader

Milwaukee Journal Sentinel

Noted: A graduate of the University of Wisconsin-Oshkosh and UW-Madison’s law school, she worked for the federal government before providing legal counsel to former governor Tony Earl. She has been an executive at Miller Brewing and Kraft Foods and also directed the Department of Employee Relations at the City of Milwaukee.

UW alumnus Dan Thoma named Grainger Institute director

Madison.com

Dan Thoma, who earned a Ph.D. in metallurgical engineering in 1992 from UW-Madison, will become director of the Grainger Institute in June, the university said Monday. The institute, funded in 2014 with $25 million from the Grainger Foundation in Illinois, is an incubator for transdisciplinary research in the UW-Madison College of Engineering.

Cellular Dynamics to be acquired by Fujifilm for $307 million

Milwaukee Journal Sentinel

Noted: The company was co-founded in 2004 by University of Wisconsin-Madison scientist James Thomson, who is viewed as one of the most influential stem cell scientists in the world. It became a publicly traded company in 2013 and is at the forefront of an area known as regenerative medicine, which uses our own cells, tissues and organs to promote healing.

Cellular Dynamics to be acquired by Fujifilm for $307 million

Milwaukee Journal Sentinel

Cellular Dynamics International Inc. said Monday it has agreed to be acquired by Fujifilm Holdings Corp., Tokyo, for $16.50 a share or about $307 million. Madison-based CDI uses the cell-reprogramming techniques of University of Wisconsin-Madison scientist James Thomson to manufacture large quantities of human cells.

Indiana University team wins first “Kohls Invitational”

Milwaukee Journal Sentinel

Noted: The student teams arrived in Milwaukee on Tuesday and presented their proposals to Kohls executives at the corporate headquarters in Menomonee Falls on Wednesday. Besides Indiana, students came from the University of Wisconsin – Madison, Penn State University, Texas State University, the University of Arizona, Florida State University, Iowa State University, Michigan State University, Northern Illinois University, San Diego State University, Virginia Tech and Washington State University.

The virtual future of internships

The Week

As Assay Depot is proving that virtual internships aren’t just for PR companies looking for someone to run their social media, Professor David Williamson Shaffer of the University of Wisconsin-Madison is preparing to launch the next generation of virtual internship. Shaffer, the director of the Games and Professional Simulations research group in the Wisconsin Center for Education Research, is working on creating simulated internships that will allow companies to train would-be interns in the exact skills they’re looking for before they ever start a real internship, and to track the skill acquisition of interns as they progress through the program.

Tammy Baldwin proposes engineering education funding increases

Daily Cardinal

Quoted: an Robertson, dean of UW-Madison’s College of Engineering, supported the bill in a letter to Baldwin’s office. “We at UW-Madison, College of Engineering, have remained international leaders in advanced manufacturing research and have recently launched initiatives in this research area,” Robertson wrote. “This bill provides important new incentives that could allow us to expand and strengthen those initiatives for our students and industry partners.”

A ‘technology sandbox’

Isthmus

What is the Internet of Things? If you have a “smart” thermostat made by Nest, you’re already part of it. The Internet of Things IoT connects uniquely identifiable devices to the Internet. A networked smart appliance can text you if things are out of the ordinary, track usage and accept programming changes sent from a smartphone. Leveraging new tools that live on the Internet, objects that had seemed fixed in form are being reimagined all around us.

Madison app developer Fetch Rewards receives state loan

Milwaukee Journal Sentinel

Noted: Fetch was founded in 2013 by Wes Schroll, who was a University of Wisconsin-Madison student at the time. The company says its app provides benefits to three parties: Shoppers gets coupons, award points and expedited check-out; grocers get greater shopper loyalty and engagement; and consumer brands get the ability to deliver coupons to shoppers in the aisle at the point of decision.

Internet Of Things 101: Inside The Latest Trend In Higher Education

Forbes

For years, experts have predicted that the Internet of Things IoT will transform the way we live our lives. At CES 2015 President and CEO of Samsung Electronics, BK Yoon, declared that IoT is now a reality: “It’s not science fiction anymore. It is science fact.” And the classroom is one area where this new reality is taking shape. Take a look at how The University of Wisconsin-Madison is pioneering IoT in education with their Internet of Things Lab.

On Campus: For MBAs, UW-Madison taking care of business

Madison.com

UW-Madison chancellor Rebecca Blank has not been shy making an argument about the university’s professional schools that boils down to this: they offer too much bang for too little tuition buck. A new report suggests that the basic storyline holds true at the business school. Among masters of business administration graduates, Wisconsin students come out making an average of about $109,000 annually, a similar but slightly lower haul as peers at more fancy schools.

Conroy: Cuts to UW System could seriously hurt state’s economic growth

Milwaukee Journal Sentinel

Wisconsin is in a fight to create good-paying jobs for the 21st century economy. Wisconsin’s trend of declining household incomes only will be offset if we can generate new, good-paying jobs and stop the exodus of college graduates to other states. The recent proposal to cut $300 million from the University of Wisconsin System’s budget, in the absence of a concrete plan to ensure that our standards of excellence remain intact, will strike a blow to a key source of potential economic growth and undercut a major opportunity to translate the system’s scientific research into new, high-growth companies and jobs.

Cuts to UW System could seriously hurt state’s economic growth

Milwaukee Journal-Sentinel

Wisconsin is in a fight to create good-paying jobs for the 21st century economy. Wisconsin’s trend of declining household incomes only will be offset if we can generate new, good-paying jobs and stop the exodus of college graduates to other states. The recent proposal to cut $300 million from the University of Wisconsin System’s budget, in the absence of a concrete plan to ensure that our standards of excellence remain intact, will strike a blow to a key source of potential economic growth and undercut a major opportunity to translate the system’s scientific research into new, high-growth companies and jobs.