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Category: Business/Technology

CRBJ Assets and Opportunities: Region should grow as a Wellspring Innovation System

Wisconsin State Journal

This eight-part series concludes appropriately with the biggest idea of all eight opportunities: to advance the region as a knowledge and convening center connecting, translating and integrating ideas to help regional and state businesses advance and compete globally. If you are thinking that this is already happening, you are right. The big idea here is to recognize this knowledge and convening role as an export product in itself and to take it to the next level. We are recognized around the world as an R&D center led not only by UW-Madison and WARF, but also by the expanded UW System that includes the two-year campuses and the county-based UW Extension, our outstanding technical colleges and private colleges, and many leading private sector technology businesses.

Stanley Kutler: The wages of deregulation

Capital Times

Toyotaâ??s reported sins have given us the scandal du jour, but typically, the media zips past the basic problem. Toyotaâ??s safety irregularities pointedly illustrate instead the failure — if not the virtual disappearance — of regulation, a pattern begun in the 1970s as the nation dismantled and eroded the effectiveness of its Regulatory State. In bipartisan fashion, its origins began with the Carter and Reagan administrations, and then deregulation accelerated and magnified under Clinton and both Bushes.

On Campus: America’s Dairyland wants to woo Google with, what else? Ice cream.

Wisconsin State Journal

Itâ??s only fitting for Americaâ??s Dairyland: Madison is hoping to create an ice cream flavor to woo Google Fiber. Not to be outdone by Topeka, Kan., which changed its name to Google for the month of March, Madison wants to tempt the sweet tooth of the Internet giant. UW-Madisonâ??s Babcock Dairy created a test batch of a Google Fiber ice cream that has a vanilla base, M&M candies and granola, said manager Sara Brummel. The M&Ms mimic the multi-colored Google logo and the granola provides the fiber.

UW-Madison organizes new global real estate program

Wisconsin State Journal

UW-Madison is partnering with some of the worldâ??s leading business schools to create a first-of-its-kind graduate degree in global real estate. The unique model for the new Global Real Estate Master will start American and foreign students at one of three international schools and then bring all the participants together for a final semester at the Wisconsin School of Business at UW-Madison.

Biotechnology Center celebrates 25 years at UW-Madison

Capital Times

Itâ??s been 25 years since the UW-Madison Biotechnology Center started on campus, and to commemorate the occasion, a celebration is set for 2 p.m. Wednesday in the Biotechnology Center at 425 Henry Mall.

Dick Burgess, founding director of the center, said there were only three companies working in biotech in Madison in 1985.

“Now we have over 150 biotech firms in the area, and the state is recognized as a premier site for biotechnology research and industry,” Burgess said in a release from the UW-Madison news service.

Proposal would help student renters before theyâ??re pushed to sign new lease

Capital Times

One year ago, near east side Ald. Bridget Maniaci and former Ald. Brenda Konkel were locked in a fierce battle for the cityâ??s District 2 seat, which Konkel had held for eight years. Now the two find themselves as tentative allies in Maniaciâ??s effort to push back the November downtown rental rush by reviving discussions about when landlords can start showing and leasing occupied apartments for next yearâ??s rental cycle.

Maniaci says the time is right to revisit the decade-old issue, with the downtown rental market changing as more young professionals choose apartments over buying houses.

Madison ad firm becomes first in city to receive national certification for business ethics

Capital Times

In explaining how a business does well by doing good, local ad executive Jim Armstrong talks about 18th-century brewing techniques.

Armstrong â?? whose firm, Good for Business, just became the first company in Madison to earn national certification for business ethics â?? recounts the tale of the storied Guinness Brewing Co.

Quoted: Dan Hausman, professor of business ethics in the UW-Madison philosophy department.

Arne Duncan: Investing in students, not the banks

Capital Times

For too long, bankers have gotten a free ride from the U.S. Department of Education.

Under current law, taxpayers provide as much as $9 billion each year to subsidize guaranteed student loans issued by banks. The banks earn profits on the interest; if students default, taxpayers take the loss, not the banks. In other words, working Americans pay while bankers get rich.

Meanwhile, educators, engineers and computer scientists — the backbone of the new economy — face crushing debt from six-figure college tuitions. A study of national post-secondary student aid found that in 2008, two-thirds of college seniors graduated with debt averaging more than $23,000. That number will rise as public and private college tuition costs escalate.

Jim Goodman: The too happy story of genetically modified crops

Capital Times

Since the first commercial cultivation of genetically modified GM crops in 1996, Monsanto and the rest of the big six biotech seed companies Pioneer/DuPont, Syngenta, Dow, BASF and Bayer have become masters at the art of story telling.

Farmers, always looking for the next big technology fix, loved the stories: the promise of better yields, less chemicals needed for weed control, higher profits and of course, a solution to the elusive goal of feeding the world.

Governments, seeing biotechnology as a huge economic engine, embraced the technology. University research was shifted almost exclusively to biotech crops.

SAFC Pharma prepares to expand to Verona facility

Wisconsin State Journal

The rush to find new drugs to fight cancer is spurring big growth for a Madison company. Founded in 1998 as Tetrionics, the company was purchased in 2004 by a division of Sigma-Aldrich, of St. Louis. Its main product at the Madison building is still the vitamin D compound discovered by UW-Madison professor Hector DeLuca that forms the basis of Zemplar, by Abbott Laboratories.

Madison360: Without fighting or fanfare, University Research Park 2 is nearly here

Capital Times

While much focus in town has been on filling vacant land at Hilldale Mall or the squabble over the downtown Edgewater Hotel, a big development is coming to the far west side that has sort of floated under the radar — the addition of a second University Research Park, or, as its backers call it, “URP2.”

I talked with Mark Bugher, research park director, who says they will break ground on a undetermined date this spring and that he foresees the first occupant there late in 2011 or early 2012. After city approval last fall, Bugher says the project has been moving along and it was decided to name new streets within the park after the five UW faculty members who won Nobel Prizes while at the university.

Here come the fans: UW lots will be jammed with HS tourney-goers

Capital Times

The annual rush of thousands of high school wrestling and basketball fans to the UW-Madison Kohl Center means big money for area businesses, but it also means moving hundreds of drivers with campus parking permits to lots away from the sports arena.

….The out-of-towners not only mean big bucks, about 26 million of them, to area businesses, restaurants and bars, but they are also an important revenue stream for the university, helping to offset the cost of parking for permit holders.

To get the ball rolling on cars parking in lots away from the Kohl Center, UW Transportation Services is asking permit holders to use alternate lots so visitors can use the lots near the Kohl Center, reducing traffic congestion on campus.

Online payday loans pose new challenges for consumers, regulators

Capital Times

Bonnie Bernhardt is proud to have helped nearly 400 Wisconsin residents get back some of their money from an online lender that state attorneys say overstepped its bounds.

The 43-year-old single mother from Verona was the lead plaintiff in a lawsuit filed two years ago against online payday lender Arrowhead Investments. After an out-of-court settlement to the class action lawsuit was approved earlier this month, Bernhardt and the others will split $100,000 in restitution. Another $432,000 in outstanding loans will be closed out and forgiven by Arrowhead, and the Delaware-based company is also barred from doing business in Wisconsin for five years.

Quoted: Sarah Orr, director of the Consumer Law Litigation Clinic at the University of Wisconsin Law School.

Madison pays attention to its young companies

Milwaukee Journal Sentinel

University Research Park began offering space this month in its new Accelerator building.

Designed for start-ups that have outgrown smaller suites in the parkâ??s incubator building, the 80,000-square-foot Accelerator boasts cutting-edge air-exchange systems, space designed for lab build-outs, and features that could help tenants shave thousands of dollars off their energy bills.Facilities like this are becoming more common in Madison, where a growing number of parks offer young firms networking opportunities and shared resources such as research equipment and phone systems.

Better farm-to-market delivery needed, UW study says

Capital Times

With demand outpacing supply, local food producers need to shore up delivery systems to get their goods to customers, according to a study out Thursday from UW-Madison and the UW-Extension.

“Scaling Up: Meeting the Demand for Local Food” takes a look at 11 enterprises and organizations trying to fill the middle level distribution role, which has suffered a setback in recent years when established distributors went out of business.

Stem cell firm Cellular Dynamics raises $40.6 million

Milwaukee Journal Sentinel

Madison-based Cellular Dynamics International has raised $40.6 million, according to a filing the company made with the Securities and Exchange Commission. The privately held company, known as CDI, sells stem cell-derived heart cells to Swiss pharmaceutical company Roche and others to help them test the toxicity of drugs. CDI was founded by stem cell pioneer James Thomson and several other University of Wisconsin-Madison researchers, along with some people previously associated with NimbleGen Systems LLC.

Madison spending millions on new streets: Is that good?

Capital Times

Pleasant View Road is little more than a dirt path in places right now. Drive west on Mineral Point Road past Target and it is easy to miss the beginning of Pleasant Viewâ??s southern extension, which will connect it to Valley View Road and the cityâ??s burgeoning southwest side.

But stand at the intersection of Pleasant View and Mineral Point at 5 p.m. on any weeknight and look east toward Madison, and itâ??s easy to see why Pleasant View may become one of the most important new roads in the city.

….The majority remains farmland, waiting for the recently approved University Research Park II to be built as one of the cityâ??s largest new economic development projects.

Campus Connection: UW-Madison among leaders in licensing revenue

Capital Times

The Chronicle of Higher Education is reporting that academic inventions spurred the “creation of a record 543 new university spinoff companies in the 2008 fiscal year, while generating more than $2.3 billion in licensing revenue for 154 institutions and their inventors.”

According to this Chronicle survey, the University of Wisconsin-Madison was one of just 10 institutions that reported licensing revenue of more than $50 million. The survey shows UW-Madison ranked No. 9, with $54.1 million in licensing income.

Brothers open letter sparks controversy

Badger Herald

The ongoing struggle between Brothers Bar and Grill and the University of Wisconsin Board of Regents intensified Thursday after the owners of Brothers released an open letter to an anonymous donor to the Universityâ??s project for a new music performance facility.

Vibrant newspapers here to stay

Wisconsin State Journal

Letâ??s pause for a moment, take a break from the relentless blabbing and blogging about the trials and tribulations of the newspaper industry and consider a few facts.

….We remain bemused by the incessant doom-and-gloom predictions of so many, including some who should know better.

Case in point: in a recent story about the future of newspapers in the Isthmus, a Madison weekly, a UW-Madison journalism professor said of newspapers: “Most of them are effectively bankrupt right now. …”

That is wrong – again, as wrong as wrong could be.

Ric Grummer: Groundless editorial threatens vitality of dairy industry

Capital Times

Dear Editor: Readers of the recent Cap Times editorial trashing large farms (referred to as â??factory farmsâ?) should know:

….Dairy farm families, whether they operate a small, large, organic or conventional operation, should be cherished and thanked everyday for the nutritious food they work so hard to produce. Sensationalized and groundless editorials threaten the vitality of the Wisconsin dairy industry, its infrastructure, and all dairy farms regardless of size.

(Ric Grummer is a UW-Madison professor of dairy science)

‘Better mousetrap’ builders compete at UW-Madison this week

Capital Times

The creativity and inventiveness of UW-Madison students will be on full display this week during the annual Innovation Days competition at Engineering Hall.

The competition will feature 23 inventions built by 37 students, vying for more than $27,000 in prizes. The competition is for those inventions and ideas judged to be the most innovative and most likely to succeed in the marketplace.

Meriter wants to help employees buy houses in its neighborhood

Capital Times

Madisonâ??s storied Greenbush neighborhood is at a pivot point, says Jim Woodward, president and CEO of Meriter Health Services. Unless steps are taken now to stem an emerging trend of property neglect, the neighborhood wonâ??t be as good a place to live or do business 10 years from now, he says.

So Meriter is preparing to step up and jump-start reinvestment in its own neighborhood with a â??workforce housingâ? initiative to lend employees money to enable them to buy houses in the neighborhood and invest themselves in its success.

Non-binding mediation plan to take effect in Dane County (Wisconsin State Journal)

While state lawmakers debate whether to help homeowners in foreclosure with a statewide requirement stipulating that lenders must agree to mediation sessions, in Dane County a similar decision already has been made. Starting Monday, Dane County residents facing foreclosure will have the right to request a mediation session that could help them keep their homes. Itâ??s only an option, though, and lenders can decline mediation. UW-Madison Law School students will help families prepare for the sessions.

Companies in three regions of Wisconsin had decline in economic indicators in 2009

Wisconsin State Journal

Businesses in northeast Wisconsin weathered the recession better than those in Dane County in 2009 but both of those regions came out ahead of the Milwaukee area, according to a report being released Friday. In all, more than 1,300 business leaders responded to the poll by the A.C. Nielsen Center for Marketing Research at the UW-Madison School of Business.

Applications hold steady at 2 Wis. biz schools

Madison.com

The business schools in Madison and Milwaukee say theyâ??re bucking a national trend that sees fewer incoming freshmen wanting to major in business. An annual survey by the Higher Education Research Institute says 14 percent of freshmen want a bachelorâ??s degree in business. Thatâ??s down from 17 percent last year. But the business schools at the University of Wisconsin-Madison and Marquette University say applications are holding steady if not rising.

Wisconsin universities buck national business student trend

Wisconsin Public Radio

A national study says the number of freshmen wanting to major in business is at its lowest level in 35 years. But administrators at two business schools in Wisconsin say theyâ??re bucking that trend.

The Higher Education Research Instituteâ??s annual survey shows 14.4 percent of freshmen want to get a bachelorâ??s in business, compared to just under 17-percent in the previous year. Itâ??s the lowest rate since 1974, when 14-percent wanted a business degree.

Cross Country: It’s ag meeting season

Capital Times

The â??quiet timeâ? in Wisconsin agriculture — from Thanksgiving to New Yearâ??s or so — has given way to â??the meeting seasonâ? that runs hot and heavy through the WPS Farm Show in the first week of April. After that farmers get anxious to head to the fields, weather permitting, and start the cropping season anew.

Wis. Senate poised to vote on Democrats’ job plan

Madison.com

The Democratsâ?? plan for creating jobs and improving Wisconsinâ??s economy is scheduled for a vote Thursday in the Senate. The proposal would expand the state program that provides tax credits for angel and venture capital investment and would increase partnerships between businesses and the University of Wisconsin.