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Category: Business/Technology

Madison’s economy is ranked ninth strongest in the country

Wisconsin State Journal

Madison has the ninth strongest economy in the U.S., according to Policom Corp.â??s 2010 rankings. The survey examines 23 measures of economic strength over a 20-year period. Data from 1989 to 2008 involving 366 metropolitan statistical areas was considered for the latest report. “While most communities have slowed or declined during this recession, the strongest areas have been able to weather the storm,” said William Fruth, president of Policom, based in Palm City, Fla. Madison has a diversified job base, with the state capital, UW-Madison, and employment strength in insurance, finance, technology and meat processing, Fruth said.

State tourism spending fell by $1 billion in 2009

Wisconsin State Journal

There wasnâ??t as much fun in Wisconsin last year and â?? no surprise â?? the killjoy was the economy. Figures released Sunday by the state Department of Tourism show vacation, convention and other visitor spending was $12.1 billion in 2009, down by more than $1 billion, or 7.8 percent compared to 2008. â??The downturn we experienced was not as severe as seen in other areas,â? said Deb Archer, president and chief executive officer of the Greater Madison Convention & Visitors Bureau. â??We continue to attract visitors to our community through key drivers, such as the UW-Madison and convention, event and meeting attendance at our great facilities.â?

Cellular Dynamics licenses Japanese cell reprogramming technologies

Milwaukee Journal Sentinel

The Madison company founded by stem cell pioneer James Thomson said Friday it has forged an agreement to use cell reprogramming technologies developed by a rival Japanese scientist.

Cellular Dynamics International Inc. negotiated a non-exclusive licensing agreement to use the techniques covered by Kyoto Universityâ??s patents on some of Shinya Yamanakaâ??s groundbreaking work. This makes the company, known as CDI, the first in the world to license key patents from both stem cell leaders involving an alternative to embryonic stem cells known as iPS, or induced pluripotent stem cells, CDI said.

Biotech industry provides almost 25,000 jobs in state, report says

Wisconsin State Journal

Wisconsin is not one of the biggest centers for biotechnology in the U.S., but the state does rank in the upper 40 percent of all states in terms of companies and jobs in bioscience, a new report says. Wisconsin Commerce Secretary Aaron Olver said he is trying to â??meet as many companies and investors as possible and tell them about some of the great things going on in Wisconsinâ? â?? from the UW-Madisonâ??s Institutes for Discovery to the tax credits for investors in young technology companies.

Doyle: New UW research center to open in December

Madison.com

Gov. Jim Doyle says two cutting-edge research centers at the University of Wisconsin-Madison will open in December. Doyle announced at a biotechnology conference in Chicago on Tuesday the Wisconsin Institutes for Discovery will open its doors just before he leaves office in January. The centers — one public, one private — are designed as a way to bring researchers together from across campus to tackle some of the most pressing issues in science and medicine.

Take a peek at new UW science facilities

Wisconsin State Journal

If youâ??ve driven past Campus Drive and University Avenue lately, you likely noticed the exterior of the wedge-shaped Wisconsin Institutes for Discovery is nearly complete. The buildingâ??s twin institutes â?? the publicly funded Wisconsin Institute for Discovery and the private Morgridge Institute for Research â?? will house scientists doing research designed to improve human health. On Thursday, the public can visit Memorial Union to see a preview of the Town Center, or the first floor of the new building.

Biz Beat: On rust belt Midwest, Longworth tells it like it is

Capital Times

If youâ??ve got a chance this afternoon, head to the Pyle Centerâ??s Alumni Lounge at 702 Langdon St. at 4 p.m to hear Richard Longworth.

A veteran Chicago writer and teacher, Longworth has made a splash in economic development circles with his book “Caught in the Middle: Americaâ??s Heartland in the Age of Globalism.” The Iowa native and Norrthwestern grad Longworth knows his stuff. He notes the Midwest was once a center of innovation and industry for the 20th century. Think cars and rubber; agriculture and chemicals.

WARF loses round in stem cell patent battle

Madison.com

An attempt to protect a patent that covers embryonic stem cell research pioneered at the University of Wisconsin-Madison has suffered a defeat. The U.S. Patent and Trademark Office last week reversed an earlier ruling rejecting challenges made to one of three patents held by the Wisconsin Alumni Research Foundation. The ruling was a victory for two consumer groups have asked the office to throw out the patents, which cover discoveries made by UW-Madison scientist James Thomson. They argue Thomsonâ??s work should not qualify for patents and that patent enforcement has hindered U.S. stem cell research.

State’s biotech industry growth kept pace with U.S.

Milwaukee Journal Sentinel

Wisconsinâ??s biotech industry held its own during the first year of the recession, a new report shows. The stateâ??s bioscience sector grew at about the same pace as that of the rest of the country, according to the Battelle/BIO State Bioscience Initiatives 2010 report, which was released Monday by the consulting firm Battelle and the Biotechnology Industry Organization.

Fashion to a â??Tâ??

Badger Herald

Wisconsinâ??s unique culture is defined by an industrious work ethic and an exuberant, inescapable party scene. We work hard, and we party hard â?? itâ??s a Midwest thing. No matter where weâ??re originally from, UW-Madison students can relate to this dynamic.

Madison energy drink company amps up campaign for Flatt Cola

Wisconsin State Journal

The small orange, black and white can touts world domination.For now, Madison entrepreneurs Dave Kruse and Paul Pucci would be happy just adding a few more convenience stores to sell the energy drink theyâ??ve created and dubbed Flatt Cola. The UW-Madison business school graduates are also trying to attract more investors to their fledgling company so they can increase the marketing campaign that includes â??Everyday World Domination,â? and purchase more cans for another batch of the high-octane drink.

Cellular Dynamics raises another $40.6 million

Wisconsin State Journal

Cellular Dynamics International has raised another $40.6 million in private equity financing, and Sam Zell, owner of the Chicago Tribune, is one of the investors.

Founded by UW-Madison stem cell pioneer James Thomson, CDI produces human heart cells from stem cell lines derived from skin or blood samples from adults. The heart cells are used by the pharmaceutical industry to test the effect of drug candidates on heart function.

Cross Country: Expo a must-see for cheese experts

Capital Times

When people think of cheese, they think of Wisconsin: the dairy cows grazing on green grass next to a little red barn, a small family cheese factory where mom and dad turn out a few pounds of cheese a day, buying handmade cheese at a farmersâ?? market, a cheese maker cutting a wedge of cheese from a block of cheddar.

All true, but it doesnâ??t really portray Wisconsin or U.S. cheese making in 2010 as a walk through the Exhibition Hall at the Alliant Energy Center on Wednesday and Thursday of this week would quickly show.

New company Entrustet starts digital asset service

Wisconsin State Journal

What happens to your online accounts and records when you die? A new Madison company, Entrustet, helps people designate what they want done with their digital assets, such as e-mail, Facebook, LinkedIn, PayPal and others. Entrustet founders Jesse Davis and Nathan Lustig won the Studentsâ?? Choice Award in the 2009 UW-Madison Burrill Business Plan Competition.

East Wash: Poised for a right turn?

Capital Times

….In a better economy, the areaâ??s proximity to the Capitol, UW-Madison and Williamson Street businesses might have been enough to spur development, but going forward, observers acknowledge there are physical limits and negative perceptions that must be surmounted. And, with tight financial markets that have dampened building plans nationally, many also suggest that the city may need to provide developers with some financial kindling to spark development.

Cross Country: Veterinarians make house calls for cow herd checks

Capital Times

How many of us have a doctor come to our home to check on our family health every week? Every two weeks? Every month?

Probably not a one, unless there is a specific illness that must be monitored and we canâ??t make it to a clinic or hospital. Yet many of Wisconsinâ??s top dairy herds are visited by a veterinarian (who is indeed a well-trained and skilled doctor) on a regular weekly, biweekly or monthly schedule.

Taylor Hoffman: Comments on Nike decision disgusting

Capital Times

Dear Editor: As a current Badger, I am extremely supportive and happy with the universityâ??s decision to end its contract with Nike. This is an unbelievable start to addressing the labor rights of factory workers around the world. The university can only be seen as an example of how to stand up for human rights.

However, I am disappointed and disgusted with some of the online comments posted on Todd Finkelmeyerâ??s April 9 article â??UW-Madison ends Nike contract amid labor concerns.â?

Professors take expertise to marketplace

Milwaukee Journal Sentinel

Inspired by his solution for one of the computer industryâ??s biggest problems, University of Wisconsin-Madison professor Guri Sohi decided to pursue a strategy thatâ??s gaining popularity in Wisconsinâ??s academic circles: starting a company.

Itâ??s not up and running yet, but Sohi says heâ??s deep into the details of a developing a business plan for the firm.”Iâ??m very excited about the technology we have. It goes counter to four decades of thinking,” said Sohi, a computer science professor and former head of the schoolâ??s computer sciences department.

Judging from the numbers, you might think there arenâ??t a lot of Guri Sohis in Wisconsin.Professors at UW-Madison – the stateâ??s biggest research engine – started just six companies in fiscal 2008, according to the recently released Association of University Technology Managers survey of licensing activity.

Editorial: More graduates smart, but do it wisely

Appleton Post-Crescent

Over the next 15 years, University of Wisconsin System President Kevin Reilly wants to see 33,700 students graduate annually from the system of four-year and two-year colleges, up from 26,000 per year currently.

He says itâ??s a financial investment in the stateâ??s economic future.

Producing more college graduates is a laudable goal â?? and, yes, college degrees give adults an edge in the jobs market. How that growth is pursued will determine how effective such a plan will be.

Our view: Finally some ideas – and they’re yours (Wisconsin State Journal)

The state of Wisconsin is finally at the brink of the crisis weâ??ve all seen coming for a long time.

As structural deficits increased each biennium the past many years – with no end in sight thanks to inexorable shifts in demographics and Wisconsin’s economy – blue-ribbon panels and special commissions have tried to come up with ideas that could right the ship of state.

Biz Beat: What’s an aging rust belt state to do?

Capital Times

The natural beauty of Wisconsin hides an ugly truth: This state is facing an aging population of non-working retirees while its best and brightest young people are leaving for greener pastures.

This scenario is played out in a new report from Wisconsin Way, a coalition of business, government and educational groups working on solutions to the stateâ??s biggest challenges.

UW-Madison ends Nike contract

Capital Times

The University of Wisconsin-Madison is ending its apparel contract with Nike, becoming the first school to cut ties with the athletic shoe and apparel giant due to alleged labor rights abuses at two factories overseas.

University officials announced their decision Friday afternoon at a meeting of the Labor Licensing Policy Committee at Bascom Hall.

UW should drop contract with abusive Nike

Capital Times

University of Wisconsin-Madison students marched on Chancellor Biddy Martinâ??s office Thursday and made a simple demand: Take a firm stand against the abusive practices of the Nike corporation. The manufacturer of shoes and athletic wear, which has a licensing contract with the UW, is in violation of commitments it made to respect the rights of workers at two of its Honduran apparel factories.

Update: Imago sold to Pennsylvania company

Wisconsin State Journal

Imago Scientific Instruments, a Fitchburg company that makes high-power microscopes providing 3D images, has been purchased by Ametek, a publicly traded company in suburban Philadelphia, for $6 million. Imago was founded in 1998 based on technology discovered at UW-Madison.

College link helped secure $7 million deal for Imago

Capital Times

The fact that a Madison-based tech company could raise $7 million in venture capital in the current financing climate is noteworthy. That the financing was led by one of the premier Silicon Valley venture capital firms may be the bigger story.

Local and state leaders have long acknowledged the importance of tapping into the big money financing firms on both coasts for the money, contacts and expertise necessary for the areaâ??s developing tech sector to reach its potential. To aid such efforts, officials have organized special fund-seeking trips to places like Boston and Silicon Valley. The Wisconsin Alumni Research Foundation even opened an office in California.

Developer eyes student housing where UW building might stand

Capital Times

While the UW-Madisonâ??s effort to condemn property owned by the Brothers Bar & Grill chain has grabbed plenty of attention, a prominent campus-area landlord is also bumping up against the universityâ??s thirst for real estate.

For months, Otto Gebhardt has been seeking city approval for a new 87-unit, high-rise student apartment building at 1208 Spring St. Three aging rental houses on the property now would be torn down. Gebhardt and others have been quietly redeveloping other properties in the area between Randall Avenue and the Park Street viaduct.

Bar drops Board of Regents suit

Badger Herald

Brothers Bar and Grill dropped a lawsuit Tuesday against the UW System Board of Regents contesting the boardâ??s use of eminent domain to condemn the barâ??s property, just one day before the parties were set to meet in court.

The idea factories

Milwaukee Journal Sentinel

But the Virent story shows whatâ??s possible when lab smarts of the university are blended with the financial savvy of business. There is a lesson here for the Milwaukee region as it works to develop a more nimble and robust economy. [The editorial mentions that Virent was born to commercialize ideas formed at UW-Madison.]

Madison company seeks piece of isotope market

Milwaukee Journal Sentinel

When he founded Phoenix Nuclear Labs LLC five years ago, Greg Piefer wanted to do something simple – like detect nuclear weapons.

But a worldwide shortage of a radioactive isotope used in medical imaging tests has drawn the 33-year-old nuclear engineer, who holds a doctorate in nuclear engineering from UW-Madison, to a more complicated task.

Why Madison has a shot at getting Google Fiber

Badger Herald

Although hopes of an NCAA title for Wisconsinâ??s largest university were dashed this weekend, officials are confident the city of Madison has what it takes to make a solid run at another title: Test city for Googleâ??s upcoming ultra high-speed Internet experiment.

Virent launches plant to create gasoline from plant sugars

Milwaukee Journal Sentinel

Virent Energy Systems has reached a milestone in its quest to create a better biofuel.Madison-based Virent announced Tuesday that it has opened the first biogasoline plant, creating gasoline from plant sugars. The company was formed in 2002 to deploy technological innovations developed at the University of Wisconsin-Madison.

Theory meets practice in entrepreneurial bootcamp

Wisconsin Technology Network

A program meant to help students explore the riggers of business startups will take place the week of June 20 on the UW campus. Due to generous donations from program sponsors, there is no cost to participants. From new fuel alternatives to embryonic stem cells, the University of Wisconsin-Madison is an international leader in scientific research.