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Category: Business/Technology

UW Offers Training For Farmers Market Vendors

WISC-TV 3

MADISON, Wis. — Growers interested in selling vegetables at Wisconsin farmers markets can learn more about the business at a January workshop hosted by the University of Wisconsin-Madison.

The Wisconsin School for Beginning Market Growers will run Jan. 16 to 18. It costs $275.

The school’s coordinator, John Hendrickson, said demand for fresh, locally grown vegetables has never been greater and many farmers markets are seeking vendors. Community-supported agriculture programs, in which families buy shares of farmers’ harvests, also are growing.

No reservations on U of C business school gift

Chicago Tribune

A wealthy financier who says he learned everything he needed to know about making money at the University of Chicago has given its business school a record-breaking $300 million donationâ??and a new name.

The gift from David Booth moves the school closer to competing top programs that have enjoyed greater endowments, but it still lags the leading Harvard Business School’s nearly $3 billion in funds.

Companies, UW to discuss salt substitute

Capital Times

Many meetings aren’t worth their salt, but a meeting coming up at UW-Madison could be worth its salt and much more.

More than 20 food and ingredient companies will gather on campus Thursday to see what could be used in processed foods that works as well as salt as a preservative, with the goal being cutting down American salt intake without cutting down on flavor.

HEC and Wisconsin join hands over property

Financial Times

HEC in Paris is increasing its links with US business schools through a partnership with the University of Wisconsin-Madison to develop and teach a real estate programme at HEC. Wisconsin School of Business is one of the leaders in the US in teaching real estate programmes.

Martin talks economy with local business leaders

Badger Herald

Chancellor Biddy Martin spoke to Madison business leaders at a luncheon Monday to candidly address issues of affordability and funding facing the University of Wisconsin in the coming years.

Martin, who took the reins of chancellor in September, answered questions from guests and members of WisBusiness.com and Madison Magazine, who co-sponsored the event at the Madison Club.

Chancellor says UW-Madison an economic driver

www.wisbusiness.com

MADISON — UW-Madison Chancellor Carolyn â??Biddyâ? Martin declared Monday that the university was a statewide economic driver that could do even more to foster small and big businesses alike during tough times.

Martin called the financial stress facing the state â??unprecedentedâ? but said that cutting the UW too much in the next budget would diminish the universityâ??s stature and harm economic development in the long term.

New MERLIN group aims to help startups

Wisconsin State Journal

So you think you have a great idea for a business, but the extent of your plan is a few notes scribbled on the back of a fast-food bag.

Maybe you need someone with experience to guide you.

That’s the goal of a new group called MERLIN Mentors. MERLIN stands for Madison Entrepreneur Resource, Learning and Innovation Network, and it’s issuing a call for both mentors and would-be entrepreneurs.

Dohmen Foundation gives $750K to UW Pharmacy School, Historical Society

Capital Times

To help mark its 150th anniversary, the F. Dohmen Co. Foundation is contributing $500,000 to the University of Wisconsin-Madison’s School of Pharmacy for scholarships and $250,000 to the Wisconsin Historical Society.

The F. Dohmen Co. was founded in 1858 as a pharmacy wholesale business in Milwaukee by Frederick Dohmen and is now in its fifth generation as a family-owned business.

Report could help push Kenosha casino forward

Milwaukee Business Journal

The Menominee Indian Tribe of Wisconsin is hoping that a controversial report siding with the tribeâ??s plan to open a grandiose $808 million off-reservation casino and entertainment complex at Dairyland Greyhound Park in Kenosha will help push the federal government to approve the proposal.

The $50,000 report, funded entirely by the tribe, has at least one Kenosha-area lawmaker and longtime Kenosha casino opponent, the Forest County Potawatomi Community, raising questions about the reportâ??s validity. The controversy is heightened by the fact that the study came out of the University of Wisconsin-Madisonâ??s La Follette School of Public Affairs, which is known as an objective institution.

UW fundraising shaken

Badger Herald

With the stock market fluctuating daily and many peopleâ??s portfolios shaken, the University of Wisconsin and other nonprofit organizations are concerned whether money will continue to pour in from private donors.

Mayor scolds Stadium Bar for giving out city phone numbers in beer garden brouhaha

Capital Times

Near west side Ald. Robbie Webber isn’t a huge Badger football fan. So when the UW hosted Penn State in a night game at Camp Randall two weeks ago, Webber decided to spend the weekend out of town with friends.

But when Webber returned home Sunday and checked her voice mail, there was a strange call from someone asking “why do you hate local business” and another fuming “you’re a joke.”

At first, Webber thought the calls were leftovers from her support for the citywide smoking ban. Upon further review, however, it turns out they came from patrons of the Stadium Bar.

5 Questions on retirement for author John Nelson (AP)

Conde Nast Portfolio

The classic three-legged stool approach to retirement security of employer pension, Social Security and personal savings is looking wobblier than ever these days.

Traditional pensions are fast disappearing, the long-term outlook for Social Security is cloudy and retirement accounts have been walloped by stocks’ steep decline. The turmoil in financial markets has wiped out some $2 trillion from Americans’ retirement accounts since the middle of 2007, the Congressional Budget Office said earlier this month – more than 20 percent of their value.

“This is certainly the most uncertain time in many decades for people approaching retirement,” said John Nelson, co-author of “What Color Is Your Parachute? For Retirement” with Richard Bolles of the best-selling “What Color Is Your Parachute” career guide.

Nelson, 49, a retirement researcher and lecturer in consumer science at the University of Wisconsin, created a retirement model that has been selected for the retirement readiness program for federal employees. His Retirement Well-Being Model is a research- and philosophically based tool designed to factor in health and happiness, as well as finances, as people plan and set goals for retirement.

For ’09 Grads, Job Prospects Take a Dive

Wall Street Journal

College career counselors are intensifying efforts to help students. Ms. Steinfeld’s group is inviting recruiters from smaller employers around New York, soliciting job postings from NYU alumni and scouring newspapers to find companies that are expanding. This week, the career center will hold an information session on “alternatives to Wall Street.”

At the University of Wisconsin-Madison, the number of companies attending a September career fair fell to 225, from 232 last year. Leslie Kohlberg, director of career services for the College of Letters and Science, is encouraging students to seek individual counseling, visit employers and develop a back-up plan — or two.

“Things have been so good that students were able to rely on even some of the least-effective job search strategies,” like sending résumés via email and searching online career postings, she says. “They can’t really afford to do that now.”

Bioenergy summit keynote to urge eco-conscious business modes

Capital Times

Environmental Defense Fund President Fred Krupp will deliver the keynote address at the Wisconsin Bioenergy Initiative’s Bioenergy Summit on the University of Wisconsin-Madison campus Thursday.

Krupp’s talk, which like the entire conference is free and open to the public, will cover current energy policy, as well as innovative ways to encourage companies to adopt environmentally conscious businesses practices.

Stadium Bar’s beer garden subject of upcoming public hearing

Capital Times

The city has busted the Stadium Bar, the largest outdoor beer garden near Camp Randall Stadium, for staying open too late and operating its beer garden during more than just Badger football game days.

The Madison Plan Commission Monday night voted to hold a public hearing in December on the popular sports bar, at 1419 Monroe St., to assess its outdoor operations.

UW student entrepreneurs turn big sale

Wisconsin State Journal

When Nate Lustig lost the lottery for student-section Badger football tickets in 2005, he turned to a year-old online business called ExchangeHut.com to buy seats for campus athletic events at market-rate prices.

Within a year, Lustig and friends John Tucker and Corey Capasso bought the company for $6,000 from founder Matt Stamerjohn, who was graduating from UW-Madison.

Wisconsin group bars doctors from accepting gifts

Capital Times

The largest association of medical doctors in Wisconsin is barring its members from accepting gifts from drug companies, following a national trend to limit conflicts of interest, real or perceived.

The ban includes the most common gifts to doctors such as food, mugs and pens, as well as reimbursements for travel, the Wisconsin Medical Society said in a statement released Thursday.

“A complete ban eases the burdens of compliance, biased decision-making, and patient distrust,” reads the new policy, which was approved Saturday.

Graduates need to plan ahead in turbulent job market

WKOW-TV 27

UW seniors are growing anxious. Excited to graduate, but nervous about what lies ahead in the real world.

Especially today where getting a job is getting a lot harder.

“I am legitimately scared, because we are going into the job market, and it’s going to affect our futures,” says UW senior Danielle Frydman.

Steve Schroeder of the UW’s Business Career Center tells students companies are still hiring, but because of the downturn in the economy, they may be hiring less.

Poverty hits state’s minority working families hard, report says

Wisconsin State Journal

Almost half of Wisconsin’s minority working families are not earning enough to meet their basic needs, according to a new national report.

Overall, 24 percent of working families in Wisconsin were identified as low-income. But among minority working families, that number was nearly double at 47 percent.

“The national economic crisis is not just a problem for Wall Street, it is a problem for Wisconsin’s hard working families,” said Laura Dresser, associate director of the Center on Wisconsin Strategy at UW-Madison.

Business Beat: Hotel possible for Bancroft Dairy site

Capital Times

The city of Madison has been trying to boost redevelopment of the South Park Street corridor for years, including pumping more than $10 million into the blighted Villager Mall. Now, a Chicago-based real estate developer is eyeing the former Bancroft Dairy site on the corner of Fish Hatchery Road and Park Street, with thoughts of a hotel to serve visitors to the UW-Madison campus and nearby hospitals.

Reversing the brain drain: How can Wisconsin attract and retain more college grads?

Wisconsin Technology Network

Madison, Wis. – At next week’s Badger Career Expo in Minneapolis, several hundred University of Wisconsin alumni in the Twin Cities area will talk with Wisconsin-based companies bent on luring them home. Meanwhile, University Research Park in Madison has launched a campaign to persuade UW grads in the science and technology worlds to expand, relocate, or start a new company in the state’s signature high-tech business park.

Worsening national financial health may infect Wisconsin economy, Fed bank executive says

Wisconsin State Journal

The national credit squeeze is closely tied to local housing markets, said Eric Rosengren, president and chief executive of the Federal Reserve Bank of Boston.

“I would say that in many parts of the country the fact that housing prices have gone down and real estate is softening has affected small banks as well as large banks,” he said in a phone interview.

Rosengren, who earned his master’s and doctorate degrees in economics at UW-Madison, was in Madison Thursday to speak to students.

Risk Fears Threaten Economy, Says Fed

Wall Street Journal

Investor aversion to risk threatens to deepen the nation’s credit crunch and slow the economy, the president of the Federal Reserve Bank of Boston said Thursday.

Eric Rosengren said a “liquidity lock” in key credit markets “compounds problems created by a traditional credit crunch” by impeding even short-term financing for the most creditworthy firms.

“If it were to persist, this unwillingness to take credit risk, or to lend money other than overnight, could constrain creditworthy borrowers from undertaking worthwhile projects — and thus have implications for economic growth,” Mr. Rosengren said in a speech Thursday at the University of Wisconsin-Madison.

DGi: Happy Birthday to the UW E-Business Consortium (77 Square)

When the UW-Madison E-Business Consortium was formed a decade ago, e-business was just a concept to many.

State business executives found answers – and each other – through the UWEBC, a university-industry partnership that enables Wisconsin companies to collaborate on e-business solutions.

Today, the 60 UWEBC member companies include such state heavyweights as Alliant Energy, Lands’ End, Harley-Davidson, American Family Insurance and CUNA Mutual.

Through conferences, peer groups, workshops and sponsored research projects with UW-Madison faculty, staff and students, these and other state businesses can address and share e-business and information technology challenges, best practices and strategies for success.

Investors hope to sow farming advances

Milwaukee Journal Sentinel

Agriculture is one of the biggest components of Wisconsin’s economy. From its farmers to the researchers at the University of Wisconsin-Madison, the state is a national leader. But this has always been an “unsung story,” said Roger Cliff, chief administrative officer at the Wisconsin Farm Bureau, a trade organization representing more than 20,000 state farmers.

Locally made Botox competitor showing success

Capital Times

Mentor Corp. announced Wednesday that a drug it is developing in Madison to compete with the well-known and hugely successful Botox has successfully completed the first of three Phase 3 clinical trials.

….The development of PurTox stems from Mentor’s 2003 deal for an exclusive license from the Wisconsin Alumni Research Foundation for botulinum toxin technology developed at the University of Wisconsin-Madison.

UW Credit Union gives $215,000 for scholarships

Capital Times

The University of Wisconsin Credit Union announced Wednesday it is making an outright gift of $215,000 to need-based scholarships at UW-Madison.

“I think everyone knows that need-based financial aid is one of my highest priorities,” UW-Madison Chancellor Carolyn “Biddy” Martin said during a Wednesday press conference at the Mechanical Engineering building to announce the gift. “I couldn’t be happier about this announcement.”

In addition, the UW Credit Union will match contributions from its members through the end of 2008.

Cross Country: Dairy Expo truly a worldwide event

Capital Times

It’s called the biggest dairy event in the world. And it no doubt is.

The name World Dairy Expo describes it well because it is truly a worldwide event. And for five days, Tuesday through Saturday, nearly 70,000 people from dozens of countries, 2,500 dairy cattle from North America and 1,600 commercial exhibits will be centered at the Alliant Energy Center.

When the World Food and Agricultural Exposition opened its doors for the first time in 1967, it was anything but famous or worldly.

Skin substitute clinical trial a success, Stratatech reports

Capital Times

Madison-based Stratatech Corp. announced Monday the successful completion of a clinical trial of its StrataGraft human skin substitute. The company said the trial showed StrataGraft performed comparable to the current standard of care.

The clinical trial was designed to evaluate the safety and effectiveness of StrataGraft in patients with major skin trauma that required temporary skin replacement before “autografting” — the transplantation of live skin tissue from one part of a patient’s body to another.

….The University of Wisconsin-Madison’s Michael J. Schurr was the trial’s principal clinical investigator.

Complaint alleges WMC didn’t report UW budget lobbying

Capital Times

A progressive watchdog group is taking the state’s largest business lobby to task for failing to disclose lobbying activity concerning the University of Wisconsin’s budget.

One Wisconsin Now filed a complaint Tuesday with the state Government Accountability Board alleging that Wisconsin Manufacturers and Commerce didn’t disclose lobbying activity a WMC official referred to in an Aug. 20 memo.

The memo, from WMC Vice President for Government Relations James Buchen, was in response to an article in Madison Magazine written by recently retired UW-Madison Chancellor John Wiley that was critical of WMC’s support of uncomprisingly partisan Republican legislators.

Stadium Bar owner: UW gamedays second to none (77 Square)

For a half-dozen or so Saturdays each fall over the last 15 years, Jim Luedtke has been at the epicenter of one of Madison’s great traditions — a University of Wisconsin football home game.

As the owner of two popular bars in the shadow of Camp Randall Stadium during that span, he has come to one conclusion.

“There’s no such thing as a bad football day — rain, shine, whatever,” Luedtke said. “It’s to what degree of how good they are, is how I look at it.”

UW business experts urge caution on crisis, see silver lining

WKOW-TV 27

Congress whiffs on a proposed financial bail out plan, and Wall Street responds with a plummeting market.

A panel of UW-Madison business experts believe the developments should not lead to panic.

The panel of experts used terms such as “historic,” for what’s going on in our economy at the moment. And during more than an hour forum for alumni and students at the UW School of Business, “recession,” not “depression,” was as far as any of the experts would go, as they looked down our economic road.

UW Economic Roundtable

NBC-15

Recently they met to try and explain the current state of our economy and more importantly where we go from here.

It was a busy day on Wall Street.

The House rejected a $700 billion bailout plan, stocks fell about 770 points and everyone is left wondering what’s next?

A panel of UW experts came together to try and explain what all this talk of financial crisis means to you.

One expert says, ” There were serious discussions starting back in 2002 about whether or not this was a bubble.”

Innovation economy is the subject of meeting and workshop at UW-Madison

Wisconsin Technology Network

Madison, Wis. – Relentless innovation is considered by many business gurus to be America’s only remaining edge in a global marketplace marked by labor arbitrage and the competitive threats posed by exploding economies in China and elsewhere.

While some progress is being made on the innovation front, too many U.S. companies still are underperforming when it comes to driving the type of sustained innovation needed to meet this competitive threat, according to Tom Koulopoulos, an internationally recognized management consultant and author of the forthcoming book The Innovation Zone.

Knetter: Credit crisis: Making sense of the turmoil

Milwaukee Journal Sentinel

For most of my professional life, Iâ??ve felt that one of the most underappreciated â??lawsâ? of economics was J.B. Sayâ??s maxim that supply creates its own demand. It seems that in projecting where the economy will go next, too many people focus on the trees that make up demand and not the forest that is supply.

New private equity fund focuses on state ag tech

Capital Times

Peak Ridge Capital has launched what it said is the first private equity fund to focus exclusively on agricultural and clean technologies in Wisconsin.

“The AgTech Fund is poised to be one of the nation’s largest private equity funds focusing exclusively on agricultural technologies,” Peak Ridge President Jason Smith said in a statement.

(The fund’s board of advisers includes Dr. Molly Jahn, dean of the College of Agriculture and Life Sciences at UW-Madison and Hector DeLuca, famed UW-Madison Steenbock Research Professor)

Ernst & Young donates $840,000 to UW-Madison for computer lab

Wisconsin Technology Network

Milwaukee, Wis. – The professionals of Ernst & Young, LLP, together with the Ernst & Young Foundation, have announced a donation of $840,000 to the University of Wisconsin-Madison. The donation will be used to create a new Accounting Student Computer Lab in the School of Business and complete the funding of the Ernst & Young endowed chair in the Accounting department.

UW Hospitals on ‘best of’ list for working parents

Capital Times

The University of Wisconsin Hospital and Clinics is one of the 100 best places for working parents to work, according to the annual “best of” list released by Working Mother magazine.

The hospital was the only Dane County company to be so honored, but Kraft Foods, owner of Madison-based Oscar Mayer, is also on the list.

This is the second year in a row UW Hospital and Clinics is on the Working Mother best places to work list.

Controversial ‘stem cell tourism’ attracts ailing Americans

Capital Times

To many scientists, those promoting what is sometimes referred to as “stem cell tourism” are nothing more than the 21st century’s version of the snake oil salesman.

Fueled by sometimes desperate patients who are willing to travel the globe for cures, dozens of companies around the world are marketing injections of stem cells as life-changing treatments, or even cures, for everything from Parkinson’s and Lou Gehrig’s disease, to heart failure, spinal injuries and other tough-to-treat conditions.

“Medical tourism for stem cells is very controversial,” said Bernard Siegel, executive director of the Genetics Policy Institute and the driving force behind the World Stem Cell Summit, which concluded its two-day run at the Alliant Energy Center’s Exhibition Hall on Tuesday.

University Book Store to open Brookfield store

Capital Times

University Book Store is expanding into the Milwaukee area.

The venerable 114-year-old institution (founded in 1894) will open its newest store in the Brookfield Square Mall on Moorland Road in Brookfield on Oct. 1, the third city and sixth location for the store.

UW-Madison researcher sees local growth from stem cell industry

www.wisbusiness.com

“There is no question that these cells might serve as a new area of medicine — human regenerative medicine,” said Dr. Gabriella Cezar, noted UW researcher and chief scientific officer of Stemina, a biotech start-up based in Madison.

“There are 150 people on campus working on stem cell research,” Cezar told a summit audience, “and we’re doing the science to benefit patients.”

Local experts say financial crisis is ‘out of control’

Wisconsin State Journal

“Like an out-of-control forest fire” â?? that’s how Scott Anderson, senior economist with Wells Fargo Economics in Minneapolis describes the nation’s financial crisis that mushroomed this week.

Anderson said while he has qualms about the federal government “running our financial system,” the Federal Reserve Bank and Treasury Secretary Henry Paulson were right to step in.

Biotech cluster should create more start-ups

Milwaukee Journal Sentinel

The two biggest research institutions in the state, the University of Wisconsin-Madison and the Medical College of Wisconsin, each have large portfolios in the biological and medical sciences.

Madison is one of the world’s leaders because of its patents in stem cell research, and the Medical College has staked out areas of expertise such as diagnostic imaging. These large research budgets inevitably lead to patents, licenses and start-ups in Wisconsin.

Wall Street crisis triggers national alarm (AP)

Sean Grossberg closed the textbook for his financial derivatives class and sank into the couch.

If all went according to plan, a year from now he’d be finished with school and working on Wall Street. But now he needed a break.

The University of Wisconsin senior hit the remote control and the second half of a Sunday afternoon football game filled the 100-inch screen.