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Category: Business/Technology

Boardroom Badgers: UW is a surprising CEO breeding ground

Capital Times

When Dick Cheney stepped down as CEO of Halliburton in 2000 to join the Bush ticket, he turned the company’s reins over to a Badger.

Dave Lesar grew up in a bucolic setting outside of Mount Horeb, graduated with an MBA from UW-Madison in 1978 and now heads one of the most politically charged firms in the world.

Doug Moe: Madison tops in pink flamingo lore

Capital Times

THE FACTORY that makes plastic pink flamingos shut down this week, which among other things means Madison will live on in glorious pink perpetuity as having once been home to the largest flock of plastic flamingos ever assembled.

This is not me saying it, either. That world record – and somebody should get Guinness involved in this – was set on the morning of Sept. 4, 1979, and it is acknowledged by no less than the man who a half century ago designed the first plastic pink flamingo.

Virent captures $2 million grant

Milwaukee Journal Sentinel

Virent Energy Systems Inc., which has already shown it can make electricity from sugar, wants to deploy the same chemical process to make a chemical commonly used to make detergents, paints and other products.

The Madison-based energy startup has won a $2 million federal grant to develop its technology in conjunction with FutureFuel Chemical Co., at a biodiesel plant in Batesville, Ark.

The grant, awarded by the federal agriculture and energy departments, comes several months after the company received $7.5 million in venture capital funding from investors including Cargill Inc. and Honda Motor Co. Virent is a spinoff from the University of Wisconsin-Madison, created to market a patented chemical conversion process developed by UW researchers.

Symposium focuses on bringing angels to the table

Milwaukee Journal Sentinel

Many people at the conference said there is abundant technology for use by young companies in the state, given the right conditions.

Take, for example, the hard candies imprinted with “UW-Madison” in red letters at the Wisconsin Alumni Research Foundation’s exhibit. The injection molding technology used to inscribe them was developed by University of Wisconsin-Madison students.

Entrepreneur shares strategy for success

Wisconsin State Journal

Winner of the 2006 Wisconsin Governor’s Business Plan Contest, MatriLab has developed a medicated biological material that is sprayed onto a wound and “cured” in place. The technology came from the lab of UW-Madison biomedical engineering assistant professor John Kao, and tests are under way in Milwaukee.

Madison as model (Lexington Herald-Leader)

Lexington Herald-Leader

MADISON, Wis. – A look down on southern Wisconsin shows a landscape shifting from massive farms to rural homes, to neighborhoods, to a brightly lit city between two large lakes. That’s Madison, home to 222,000 people, about 150 miles of bike trails, more than 50 live music venues, at least two specialty cheese shops and the University of Wisconsin.

Google’s UW deal nets thrills

Capital Times

WASHINGTON – If Google is trying to take over the world – or at least the world’s published material – what role should the University of Wisconsin-Madison play?

The university and the Wisconsin Historical Society recently reached an agreement to have Google scan 500,000 non-copyright books and documents into its search engine, allowing Internet users to read these public domain holdings in their entirety.

Confusion reigns on Freakfest

Capital Times

So what will happen when Freakfest closes down at 1:30 a.m.?

In recent days, the Madison Police Department spokesman has said police would start clearing State Street at 1:30 a.m., even though State Street bars and restaurants will remain open for two more hours.

But according to Ald. Mike Verveer, once the music shuts down, people will be free to enter the street at will, whether they have purchased a ticket or not.

Appeals court dumps drink specials lawsuit (AP)

Capital Times

A state appeals court today threw out a lawsuit claiming Madison bar owners illegally conspired to raise prices when they voluntarily banned drink specials on weekend nights.

The District 4 Court of Appeals rejected arguments that the two dozen bars that stopped serving drink specials after 8 p.m. on Fridays and Saturdays in 2002 violated antitrust laws by working together to fix their prices.

Doyle donor got dorm deal

Capital Times

A University of Wisconsin-Milwaukee foundation awarded a no-bid contract for a new dorm to a construction firm whose executives gave thousands of dollars to Gov. Jim Doyle’s campaign, but the governor’s office insists Doyle was not involved in the deal.

Milwaukee Magazine first reported in Tuesday’s edition that part of a $23 million contract for the 488-bed dorm went to KBS Construction. Campaign finance reports show KBS executives have given some $30,000 to Doyle’s campaign since late 2003.

Security guards in short supply as ‘Freakfest’ nears

Capital Times

If you’re looking for a security guard this weekend, you’re out of luck. Local security agencies are seeing an increase this year in Halloween business, so much so that they can’t keep up.

“We’re at the point now where we’re not taking any more business for Saturday the 28th,” said John Phillips, a manager at Martin Security, which will have about 45 guards working the downtown area for Halloween.

Fueled by fears that the city’s decision to charge a $5 fee to attend this year’s State Street celebration will squeeze party-goers to outlying neighborhoods, property owners, fraternities and businesses are looking for help.

UW executive MBA program rated 45th in world

Capital Times

The UW-Madison executive MBA program was ranked 45th in the world by the Financial Times of London in its annual report.

The UW program was not ranked last year and was 41st in 2004, according to the Financial Times’ Web site.

The UW program was ranked 18th in the U.S., seventh in the U.S. for public institutions, and third among Big Ten schools.

(This is the complete item in the 10/24/06 Capital Times.)

UW MBA payback quick: BusinessWeek

Capital Times

In its latest biennial ranking, BusinessWeek rates the UW-Madison MBA program No. 4 in the nation in terms of fastest return on students’ investment.

The magazine reported that students who earn an MBA from UW-Madison have their costs of going back to school repaid due to higher salaries in less than five years, compared to more than 15 years for other MBA programs.

Visitors Bureau seeks local boost

Capital Times

The Greater Madison Convention & Visitors Bureau is asking local professionals who are members of statewide, national, or international groups to work to encourage their organization to conduct their next convention in Madison.

Under the “Bring Your Meeting Home” campaign, the GMCVB will work with the group’s planner or representatives to make the meeting in Madison happen and to ensure its success.

UW business grads earn fast paybacks

Daily Cardinal

BusinessWeek magazine recently rated UW-Madison�s Master�s of Business Administration program fourth in a national ranking of schools with the fastest return on students� investment. The magazine ranks by considering how long it takes students to pay off tuition based on salaries earned after graduate school.

Uw-madison Mba Ranks High

Wisconsin State Journal

Business students looking to make a fast buck out of grad school should look at UW-Madison’s MBA program, according to BusinessWeek’s latest rankings of the best business schools.

Now he helps others build their dreams

Wisconsin State Journal

Winslow Sargeant is living the American dream.
Growing up in Dorchester, a largely African-American neighborhood in Boston, Sargeant had a front-row seat to the riots that broke out when a judge ordered schools there to desegregate in 1974 – as a sixth-grader, riding the bus to an unwelcoming neighborhood.

One of the few children on his block to go on to college, Sargeant turned down basketball scholarship offers to concentrate on his engineering courses, earning a bachelor’s degree from Boston’s Northeastern University, a master’s from Iowa State University and a doctorate from UW-Madison.

Technology changing for better, Coburn says

Wisconsin Technology Network

Madison, Wis. – Pip Coburn offers a different framework for selling products to what he calls, in a tongue-in-cheek manner, “real humans.” And given his forecasting credibility, established largely for predicting the dotcom bust, he’s bound to have the ear of executives attending the University of Wisconsin-Madison’s ninth annual E-Business Institute Conference.

Grainger hosts kick-off event

Badger Herald

In the groundbreaking ceremony celebrating the start of the construction of a $40.5 million addition to Grainger Hall, a distinguished panel spoke of the advantages the addition would bring to the University of Wisconsin business program.

Capitalize on scientist’s success

Wisconsin State Journal

Wisconsin should put James Thomson on a pedestal.
Again.

Thomson, a UW-Madison professor, is already admired for his scientific achievement. He led the UW-Madison team that in 1998 first isolated embryonic stem cells, opening wondrous opportunities for medical advancements that are today being worked on at UW-Madison and all over the world.

Was stem-cell advance ‘obvious’?

Wisconsin State Journal

A federal review of Wisconsin’s embryonic stem-cell patents won’t question what everyone concedes: that UW-Madison scientist James Thomson was the first to grow a colony of the cells from humans in a lab.
Instead, the U.S. Patent and Trademark Office’s review of three patents held by the Wisconsin Alumni Research Foundation will ask if Thomson’s accomplishment in 1998 was “obvious” because other scientists had done similar work in species such as mice and pigs.

Editorial: Partnerships that pay off

Milwaukee Journal Sentinel

The state invests public dollars in one thing or another every day. But last week, it invested $1 million in its future.

Like any other investment, this one may not pan out. But if it does, it could yield huge dividends, both in economic development and in healing.

This investment is in a small Madison company called Stem Cell Products Inc., founded by embryonic stem cell pioneer James Thomson and two of his University of Wisconsin-Madison colleagues. Being in the right place at the right time can mean everything in business, and Stem Cell Products may soon find itself in that enviable position.

Google to get state, UW books (AP)

Capital Times

The University of Wisconsin-Madison and the Wisconsin Historical Society are joining Google’s effort to digitize the world’s books and make them searchable on the Internet.

UW-Madison said Thursday the school and the historical society would make nearly 500,000 of their historical books and documents available on the search engine’s new site, Google Book Search.

Biotech workers to meet

Wisconsin State Journal

At UW-Madison, leaders of some of those companies have been meeting with academics and policymakers for the past year to share expertise and suggestions about global security, in a project by the Division of International Studies.

Doyle delivers research funds

Badger Herald

As part of his plan to provide $5 million to stem-cell research companies, Gov. Jim Doyle presented $1 million Tuesday to a new company aiming to generate blood products from human embryonic stem cells.

Doyle presented the financial package to founders of Stem Cell Products Inc., started by research pioneer and University of Wisconsin biology professor James Thomson, who isolated the first embryonic stem-cell line.

Doyle gives $1 million stem cell grant to company started by UW researchers

Daily Cardinal

Gov. Jim Doyle announced another pledge for stem cell research Tuesday, giving $1 million to a stem cell start-up company founded by three UW-Madison researchers including James Thomson, the professor who pioneered stem cell research and isolated the first embryonic stem cell.

Stem Cell Products, Inc., run by Thomson and fellow UW-Madison researchers Igor Slukvin and Dong Chen, will begin research on a process that derives red blood cells and platelets from embryonic stem cells. According to Doyle, platelets are in short supply and the U.S. military frequently flies wounded soldiers to Germany in order to perform blood transfusions.

From stem cells to blood cells

Milwaukee Journal Sentinel

Stem cell pioneer James Thomson and two other University of Wisconsin-Madison scientists have started a company that aims to grow platelets and red blood cells from embryonic stem cells.

The company, Stem Cell Products Inc., has the chance to have the first therapeutic product based on human embryonic stem cells to make it to the marketplace, said Bob Palay, managing member of Tactics II Ventures LP, a Wisconsin venture capital firm that invested in and helped start the company.

City company reveals stem-cell breakthrough

Wisconsin State Journal

UW-Madison stem-cell pioneer James Thomson and his colleagues have discovered a way to use human embryonic stem cells to create components of human blood – products, they say, that are safe and can eventually be used to help a range of patients, from those with anemia caused by chemotherapy to soldiers wounded in battle.

Thomson’s stem cell company gets $1M from state

Capital Times

Gov. Jim Doyle today gave $1 million in state funding to a Madison-based firm headed by UW-Madison stem cell researcher James Thomson.

Doyle announced the combination of state grants and loans to Stem Cell Products, Inc., the second start-up firm headed by Thomson, at a news conference this morning.

The firm is developing the use of embryonic stem cells in producing components of human blood cells, such as platelets that assist in blood clotting.