There will be a lot of empty space at the University of Wisconsin at Madison’s upcoming career fair for students from the College of Letters & Science. Last year, 43 employers turned out to talk up their internship programs and full-time opportunities; this year only 23 plan to attend. It’s gotten so bad that business students, who normally clamor for jobs with investment banks and consulting companies, are settling for less. “Retail used to be not that appealing to business studentsâ??it’s kind of a back-up plan,” says career services director Leslie Kohlberg. Not anymore.
Category: Business/Technology
FluGen to use Ratio’s vaccine-delivery technology
Two Madison biotechnology companies are working together on a new type of influenza vaccine, and a new way to give the immunization.
FluGen, which is developing vaccines to fight flu and other infectious diseases, says it has obtained exclusive rights to technology developed by Ratio. Terms are not being disclosed.
Ratioâ??s disposable device is about the size of a poker chip and is equipped with a set of tiny needles. When a button is pressed on the device, a pump sends the vaccine through the needles and into the skin. It doesnâ??t go through the skin and into the muscle, though, as a traditional vaccine syringe does.
The method makes the vaccination painless and more effective, the two companies say.
‘Creative class’ Madison still a favorite of author Florida
Richard Florida, author of “The Rise of the Creative Class,” has always had nice things to say about Madison. In his 2002 book, he ranked Madison No. 1 among small cities with metro populations of 250,000 to 500,000.
Florida has long argued that communities which offer a stimulating working environment for creative people will thrive in the 21st century. This includes towns that embrace the arts, pop music, gay people and ethnic food.
Quoted: UW-Madison professor of real estate Steve Malpezzi, who says it’s way too early to proclaim the housing is crisis over.
New University to Open
….Globe University is a career college that works closely with the Minnesota School of Business.
Said Brock Vandervelden, who’s with the university, “We extend an opportunity for people who want something different. Let’s say they were downsized. The can come here get some retraining and get placed in a career they want to get into.”
Not only will the university employ and train local workers for the future, they are also making a more current economic impact.
New Web site focuses on local biotech industry
Local biotech entrepreneur Russell Smestad announced the launch of a Web site that aims to enhance the visibility of the Madison biotechnology industry, to facilitate finding local career opportunities in biotech, and to provide a private networking forum for its executive talent.
Smestadâ??s new company is Biotech Profiles LLC and the site is BiotechProfiles.com.
Small Business Owners Trying To Hold On
Despite a recent stock market rally, no one is yet calling the current recession over.
As countless large companies across the nation have suffered losses due to the economic downturn, small locally-owned businesses are trying to avoid the same fate.
And many of them are turning to the University of Wisconsin-Madison’s Small Business Development Center for advice.
UW System ties with Harvard for most CEOs among graduates
The University of Wisconsin System tied with Harvard University for educating the most chief executive officers of major companies in 2008, according to one report.
That Harvard University is churning out the heads of top businesses in no surprise, but the perch of UW System graduates is perhaps more unexpected.
The calculations, by global executive search firm Spencer Stuart, include individuals who graduated from any school in the UW System, although the majority are likely University of Wisconsin-Madison alumni.
Stimulus stiffs biotech start-ups
With all the stimulus money getting tossed around these days, you’d figure biotechnology would be near the top of the wish list.
Instead, specific funding for early stage science companies was practically written out of the $780 billion package, claims the president of Madison-based Centrose LLC.
A line inserted into the massive spending bill says $10 billion in stimulus funds provided to the National Institutes of Health are exempt from a previous requirement that 2.5 percent of NIH research money go to private companies.
New stem cell rules could mean jobs for MATC students
MADISON (WKOW) — Students at Madison Area Technical College are preparing for a new wave of interest in stem cell studies, after President Barack Obama lifted restrictions on federal funding. Even though MATC wouldn’t directly receive any money, instructors say the possibility of stem cell labs benefitting from President Obamas decision could trickle down to the school in other ways.
MATC offers the only 2-year program in the country with training in embryonic stem cells, according to a spokesperson. Right now, more than 60 students are working toward biotech laboratory degrees.
Obama to allow stem-cell funds
President Obama is set to sign an executive order Monday reversing President Bushâ??s ban on federal funding for embryonic stem-cell research.
Sour situation at Babcock Dairy Store: Fired manager wants job back
The University of Wisconsin-Madison fired the manager of its landmark dairy store last year for selling outdated ice cream and for other food safety and quality problems, according to her dismissal letter.
The manager, Eileen Karre, claims she was unfairly let go and is appealing to get her job back.
Four students receive cash prizes for inventions
Directors of the third annual Wiscontrepreneur Challenge awarded cash prizes to four creative, unique student projects.
Moe: Students get creative with surplus junk
On Monday afternoon, for what may have been the first time in 30 years, I was back in a classroom on the UW-Madison campus.
Like the old days, I tried to hide in the back row. Still, once I heard about this event, there was no keeping me away.
“This is like the Academy Awards,” Doug Bradley was saying into a microphone, up on stage. “Only a week later.”
UW-Madison Students Participate In Entrepreneur Challenge
Dozens of entrepreneurial University of Wisconsin-Madison students took part in a 100-hour “Wiscontrepreneur” challenge.
The contest required teams to use materials from the UW Swap shop — the campus store selling surplus equipment — to create a valuable, innovative or socially beneficial product.
“I think you learned a little bit about what it might take to be an entrepreneur. I hope some of you are invigorated with that spirit and are ready to take the plunge and do something with this,” Doug Bradley, of the UW-Madison Office of Corporate Relations, said to the participants.
Student inventors get paid
A dress made of air filters, a â??drunk tankâ? that captures party crashers, a water purification system and a terrarium made of test tubes became winners Monday of the University of Wisconsinâ??s third annual 100-Hour Challenge.
Madison Alder & UW students develop property ratings website
MADISON (WKOW) — Madison Alderman Eli Judge is working with UW-Madison students to develop a “Madison Property Ratings” website for the campus area.
The project will help renters and property owners by focusing on the quality of campus area housing in Madison.
The site will be similar to the already popular “Rate My Professor” site, but instead will encourage renters to rate their landlords and the properties they rent.
Unique dress wins Wiscontrepreneur Challenge
A dress made out of air filters, yellow wire, vacuum filters and foam peanuts was the most creative entry in the annual 100-hour Wiscontrepreneur Challenge on the University of Wisconsin-Madison campus.
A record 63 entries made by almost 200 students competed for honors in four categories in the third annual competition, put on by UW-Madison Office of Corporate Relations.
UW announces winners in 100-Hour Wiscontrepreneur Challenge
Winners were announced Monday in the University of Wisconsin’s 100-Hour Wiscontrepreneur Challenge.
The third annual event attracted a record of nearly 200 students and 63 entries, compared to last year’s 17, during the four-day competition.
Pell Grants to go up with stimulus
President Barack Obamaâ??s new budget for the 2010 fiscal year proposed Thursday called for the abolition of bank-based student loan programs and directed funding towards maximum Pell Grants.
‘Biomass briefing’ March 6 in Richland Center
Three power plants in Wisconsin and Illinois are planning to uses hundreds of thousands of tons of biomass fuel as their fuel source, but the big question is, where will the fuel come from?
Farmers, conservationists and foresters will get together on March 6 for a “biomass briefing” at the Ramada Inn in Richland Center. The goal is to learn about what types of biomass are possible to be grown in southwest Wisconsin and if biomass is a sustainable energy source.
Local biotech Stratatech gains state loan
A Madison biotech firm is getting a state loan to help develop and finalize clinical trials of new regenerative tissue products.
Stratatech Corp. is getting a $500,000 loan from the Wisconsin Department of Commerce for help funding an $11 million project to develop cell-based, tissue-engineered products for wound care.
City takes step toward bio-ag incubator
The Madison City Council voted early Wednesday morning to approve an application for federal funds to grow the city’s bio-agriculture industry, but held off on committing any of its own dollars yet.
….The incubator would provide start-up companies in the bio-agriculture industry — a combination of biotechnology, agriculture, food science and sustainability — with lower rents and shared resources such as greenhouses, technology and field testing sites.
Mike Ivey: Make public workers share the pain of pay cuts and furloughs
After watching friends and colleagues lose their jobs, their retirement savings and increasingly their hope, I’ve got only one thing to say to any state worker worried about paying more for their health insurance: Cry me a river.
Here in Dane County, where a quarter of the workforce draws paychecks from the government, one can sense the growing rift between the public and private sector as the economy worsens. And we’re doing better than just about everywhere else in Wisconsin.
Backers see Institutes for Discovery as ‘cauldron’ for research (wisbusiness.com)
When they are up and running in 20 months, the Wisconsin Institutes for Discovery should be a â??cauldron of exciting interactionsâ? between researchers, social scientists, artists, educators and the public, former UW-Madison Chancellor John D. Wiley said today.
â??Ten years from now, I hope weâ??ll look back on a lot of great new stuff and say this is where it started,â? said Wiley, who is the interim director of the public half of the new research center that backers hope will be a model of interdisciplinary and collaborative science.
Wiley was joined at a Wisconsin Innovation Network luncheon by Carl Gulbrandsen, WARF’s managing director and board chairman for the Morgridge Institute for Research (MIR), the private half of the $150 million, 165,000-square-foot WID project. It is going up on the 1300 block of University Avenue between Randall Avenue and Orchard Street and is expected to open in the fall of 2010.
UW Business school to share money smarts
Providing college students with ways to make the most of their money, especially during a recession, is the focus of a seminar being held this weekend at UW-Madison.
UW-Madison Business School professor Ron Smith says the financial independence seminar will give students advice on how to budget, save, and invest their money. He says students approaching graduation are often uninformed about financial issues and have a lot to learn before they start their career. (Final item.)
Ticket prices remain same
The University of Wisconsin Athletic Board unanimously approved a reduced athletics budget for the 2009-10 academic year Friday but opted to maintain current ticket prices.
Dave Zweifel’s Plain Talk: UW alum breaks ground with CNBC documentary
Back in the mid-1990s, a young African-American UW student named Lee Hawkins wrote some gutsy, provocative op-ed columns for us. We knew then he had a great future ahead of him.
….Today he works as the Journal’s correspondent with CNBC and at 8 p.m. this Thursday night he will anchor a one-hour documentary that is based on a book he’s written called “NEWBOs: The Rise of America’s New Black Overclass.”
Panel to focus on young businesses
A panel of experts will share information on funding and resources for young businesses at the Wisconsin Alumni Research Foundation Gilson Discovery event Tuesday, Feb. 24.
Microsoft explores educational link to video games (AP)
FARGO, N.D. — Devin Krauter sits on the end of his bed, tapping buttons on his video game controller to shoot down alien beasts while chatting with other players through a headset, texting on his cell phone and talking to a visitor.
The 17-year-old high school junior is ranked by a video game Web site among the best players at “Gears of War 2,” in which soldiers attack the enemy with an assault rifle that has a mounted chain saw bayonet. He says the game teaches him to think on his feet – and that he thinks about succeeding, not slaying.
That intrigues Microsoft Corp.
UW economist blasts Obama mortgage plan
A UW-Madison business school faculty member told 27 News President Obama’s $275 billion mortgage plan to try to stem the tide of home foreclosures neglected the next wave of distressed borrowers.
“It is an unmitigated disaster,” business school real estate division assistant professor Morris Davis told 27 News, as Morris attended a professional conference in Atlanta.
Blog by UW grad, partner named one of world’s 25 best by Time (77 Square)
Time magazine has named a UW-Madison graduate and his business partner among the 25 best bloggers in the world for 2009.
High school buddies Anthony David Adams, who now lives in New York City, and Chuck Steinfurth, of Orlando, Fla, earned that honor for their self-described “irreverent” blog, Detentionslip.org – referred to as the Perez Hilton of education news for its reports on gun-carrying Texas teaches and students handcuffed over skimpy prom dresses.
Lawyer’s generosity turns up at Birkie
The old line about first killing all the lawyers doesn’t apply to Madison’s Don Becker.
Becker has quietly become one of the most charitable givers in town.
TV to blame for late games, but BTN not the bad guy
The Big Ten Network has certainly taken its share of lumps over the last two years.
Sometimes, that abuse has been merited. Most notable was BTN’s role in the virtual blackout for customers within its targeted customer base, by way of its game of chicken with the cadre of cable companies that cover Big Ten territory.
But once that issue was resolved, and the hard feelings eased, it’s been hard not to view BTN as a win-win for fans.
California real estate group buys seven downtown properties
A San Diego real estate group has purchased seven properties in downtown Madison from local landlord Harold Langhammer, with eyes on redeveloping the busy corner of West Washington Avenue and Broom Street.
Cardinal Group Investments, LLC announced Tuesday it acquired the seven properties totaling 78 bedrooms for $4.5 million.
The purchase includes the historic 25-room Zeta Beta Tau fraternity building at 233 Langdon St
Budget freezes university funding, offers tuition help for poor
University of Wisconsin System students might face bigger classes and fewer course offerings under Gov. Jim Doyleâ??s proposed budget, but tuition for poor and middle-class students will not increase in the next two years.
In a first-of-its kind provision for the state of Wisconsin, needy students from families that earn less than the stateâ??s median family income of $60,000 a year would be exempt from tuition hikes at System institutions.
“This is a first ever and we did it because we really want to recognize how tough the times are for students and families all over the state, and not just the poorest,” said System President Kevin Reilly.
Wiscontrepreneurs prepare for sleepless nights
For the third consecutive year, University of Wisconsin students of all backgrounds are encouraged to express their creativity and entrepreneurial skills by participating in the Wiscontrepreneur 100-Hour Challenge.
Two biotech firms in Madison strike deal
Two Madison-based biotechnology firms are collaborating to advance research into human embryonic stem cells.
Stemina Biomarker Discovery Inc. and Promega Corp. announced the collaboration Monday.
Brink Lounge bans hip-hop shows in the wake of weekend fight
The Brink Lounge is banning hip-hop shows indefinitely after 16 Madison police officers responded to a call from a Valentine’s Day hip-hop party where a fight broke out close to bar time.
UPFRONT with Mike Gousha News Story (WISN-TV, Milwaukee)
Quoted: UPFRONT asks a nationally recognized economist, Mike Knetter of the UW School of Business, for his opinion of the stimulus package. (Video.)
Customers unlikely to see impact of Charter bankruptcy
Quoted: UW-Madison associate professor of business Jim Seward.
White-collar workers hit by recession
Quoted: Alisa Robertson, assistant dean for alumni and corporate relations at the Wisconsin School of Business, at UW-Madison.
BTN turns a profit (77 Square)
Despite the tough economy, the Big Ten Network turned a profit for the first time in the final quarter of 2008.
Signing all those deals with cable companies like Charter, Comcast and Time Warner for last football season set up BTN, a join venture of the 11 Big Ten universities and News Corp.’s Fox.
The profit will mean more money for the Big Ten universities, which are guaranteed a certain amount of money and share any profits as well.
UW Institutes for Discovery topic of Feb. 24 meeting
The continued growth of the UW-Madison Institutes for Discovery and how that $150 million project fits into Wisconsin’s $1.1 billion academic research engine will be the topic of the Feb. 24 luncheon meeting of the Wisconsin Innovation Network in Madison.
The event starts at 11:30 a.m. and the presentation at 12:30 p.m. at the Sheraton hotel, 706 John Nolen Drive.
California coffeehouse Peet’s opens in Memorial Union (77 Square)
The Memorial Union on the University of Wisconsin-Madison campus is home to Wisconsin’s first licensed Peet’s Coffee & Tea shop. The coffee and tea house, located on the Union’s first floor across from Der Rathskeller, is celebrating its grand opening through Feb. 14 with samplings and door prizes such as mugs and T-shirts.
Biotech group changes name to BioForward
The Wisconsin Biotechnology and Medical Device Association is changing its name to BioForward Inc.
The announcement was made Wednesday at the association’s monthly breakfast at the MGE Innovation Center in University Research Park.
Wis. governor offers budget plan
MADISON, Wis. (AP) — No general sales or income tax increases or furloughs of state workers are in the Democratic plan released Wednesday to begin fixing Wisconsin’s $5.7 billion budget shortfall.
Gov. Jim Doyle said he had no current plans to furlough state workers, as is happening in other cash-strapped states, but it remains an option.
Consultant hired to reconsider need for new transmission line
Will the combination of a deep economic slowdown, coupled with improvements in energy efficiency, preclude the need for a new $250 million high-voltage electric transmission line across Dane County?
It’s a question some are asking as more factories close at the same time President Obama is calling for a greening of the nation’s century-old electric system.
Last week, the Madison City Council approved hiring a consultant to study the economics of a new 345-kilovolt transmission line and to determine whether it is warranted. The city previously hired a consultant to study putting the line underground or somewhere other than along the Beltline highway as proposed.
Menards earns economic development award (Eau Claire Leader-Telegram)
Noted: Mike Knetter, dean of the UW-Madison School of Business and a UW-Eau Claire graduate, was the event’s keynote speaker. He also has worked as senior staff economist on the President’s Council of Economic Advisors for former Presidents George H.W. Bush and Bill Clinton.
Although Knetter acknowledged the damaging recession and an economy that’s been particularly hard-hit in the past five months, he said the previous 15 to 20 years were a period of favorable unemployment rates, solid gross domestic product growth, increased values for the Standard and Poor’s 500 and improvements in labor productivity.
Westgate Hy-Vee gets go-ahead from Plan Commission
It was all about economic stimulus Monday night as the Madison Plan Commission approved a new Hy-Vee grocery store at Westgate Mall despite conflicts with the city’s long-range plans for the site.
….Also Monday night, the commission approved a $14 million apartment and retail development at the corner of Regent and Park Streets, the former site of Josie’s Spaghetti House.
Madison developer Tom Degen is pursuing a 65-unit, six-story project at the corner, including about 4,250 square feet of ground-level retail space – enough for two or three tenants – and an underground parking lot providing 31 of about 45 parking spaces on the site.
The developer has said he is looking to attract upperclassmen and graduate students from UW-Madison as well as professionals working in the nearby hospitals.
Visions with Mark Bugher: Remove barriers to tech transfer
This interview with Mark Bugher, director of Madison’s University Research Park, was conducted as the Tech Council’s report on the economic value of academic R&D was released.
UW acts to eliminate roadblocks
An innovation hothouse like Madison’s University Research Park will be a part of every school in the UW System if a new Board of Regents task force meets its expectations.
Aiming for sweeping change, UW System President Kevin Reilly said Friday he’s pulling together a high-profile group to uncover roadblocks that need to be removed and incentives that need to be put into place to move more university research into the hands of Wisconsin businesses and start-up companies.
UW ends deal with Russell
UW-Madison officials announced Thursday the university will no longer do business with Russell Athletics, which makes apparel with the UW logo, because the company might be violating workersâ?? rights.
Graduates lost jobs, internships due to ailing economy
As graduation approaches and the economy continues to weaken, entering a weakening job market is a daunting task for soon-to-be University of Wisconsin graduates.
University drops apparel contract
The University of Wisconsin announced Thursday it will not continue its business practices with apparel producer Russell Athletic after their current licensing agreement expires in March.
University of Wisconsin-Madison cuts ties with clothing manufacturer
The University of Wisconsin-Madison will no longer do business with a clothing manufacturer that allegedly closed a plant in Honduras after workers began unionizing, university officials said Thursday.
‘Free trade under threat’? Not enough
The most ridiculously named conference the University of Wisconsin has held in many years went off without a hitch Thursday, as a crowd of elitists put on their blinders and whined about how their cherished illusions are being challenged.
The “Free Trade Under Threat” session at Grainger Hall, which was promoted by the Center for World Affairs and the Global Economy, the UW-Madison Center for International Business Education and Research and the Madison International Trade Association, featured as its whiner-in-chief Paul Blustein, of the Brookings Institution in Washington, D.C.
Apartment plan shot down
Downtown residents and Madison City Council members found themselves facing a difficult decision Tuesday night when asked to approve a proposed apartment complex adjacent to the Acacia fraternity, ultimately shooting down the proposal.
Business Beat: Getting away from ‘me,’ focusing on ‘we’
OK, I get the part about fixing up the bridges and roads.
But can somebody explain again how the $900 billion economic stimulus package is going to replace the millions of jobs being shed as the air continues to rush out of the greed bubble?
Quoted: Carolyn Heinrich, director of the La Follette School of Public Affairs, and Phil O’Leary, professor in the Department of Engineering Professional Development
Paper firm exec to head UW-based bioenergy initiative
A Wisconsin paper company researcher has been chosen to head the Wisconsin Bioenergy Initiative (WBI), a public-private partnership formed to make the state a leader in developing clean, renewable energy.
Troy Runge, research director at Kimberly-Clark Corp., was announced as the director of WBI on Tuesday.
The U.S. Department of Energy selected UW-Madison in 2008 as the site of the Great Lakes Bioenergy Research Center, so the WBI is expected to be a catalyst in getting public and private ideas to move forward on clean energy.
Frat house proposal fails in City Council vote
By the slimmest of margins, Madison’s City Council voted Tuesday night against a downtown project that partnered a fraternity house with a local developer.
The development paired historic renovation developer the Alexander Co. with the Acacia House, 222 W. Langdon St., in order to bring much-needed improvements to the historic building. The plan involved turning the house into a combined fraternity and apartment building and adding an 18-unit apartment building behind the historic building on a gravel parking lot.