Donations in the amount of $150 million will fund a brand-new UW-Madison science research facility, Chancellor John Wiley announced Monday.
Category: Business/Technology
Big money, big research
University of Wisconsin Chancellor John Wiley announced a total of $100 million in donations Monday toward the construction of an on-campus biomedical research complex.
Huge gift for UW research
Twin institutes of UW-Madison biomedical research and discovery – one public, one private – will rise in the 1300 block of University Avenue by 2009 with the help of a $50 million private gift from UW-Madison alumni John and Tashia Morgridge.
The Morgridges’ gift, announced Monday, is the single largest private donation in university history. It will be matched by another $50 million from the Wisconsin Alumni Research Foundation for a total $100 million privateboost to the building project, now known as the Wisconsin Institutes for Discovery.
WARF says it’s ready for a legal challenge on stem cells
Madison, Wis. ââ?¬â? Just in case anyone doubts that the Wisconsin Alumni Research Foundation has both the will and the resources to defend its stem cell patent, Andy Cohn would like to disabuse them of the notion. Cohn, government and public relations manager for WARF, said the foundation, armed with a $1.5 billion endowment, is prepared to take on any legal challenges to its controversial stem cell patent.
Record Donation to Help Build Institutes for Discovery
It’s the largest donation ever to the UW-Madison campus, and it had Governor Jim Doyle declaring, “On behalf of all the citizens of the state of Wisconsin, I thank you for what you have done.”
Doyle was directing his congratulations toward alumni John and Tashia Morgridge, who helped kick start a massive biotechnology center to be built on the UW campus.
Foundation moves to grab a piece of stem cell profits (Silicon Valley/San Jose Business Journal)
The California stem cell institute’s plan to profit from the research it funds is going to cost it.
The Wisconsin Alumni Research Foundation said it is approaching licensing talks with the California Institute for Regenerative Medicine as if the organization were a commercial entity, since it plans to capture revenue from the commercialization of the research it funds. The institute, created by voters in 2004, will oversee $3 billion earmarked for stem cell research
Wisconsin to show up at BIO in numbers
Wisconsin’s reputation as an emerging biotechnology hot spot will be further enhanced next month when the state is well represented at one of the world’s premier biotechnology conferences, businesses and organizations here hope.
Wisconsin attendees will make up 1.5 percent of the total participation at the Biotechnology Industry Organization’s International Convention, which will be held April 9-12 at Chicago’s McCormick Place Convention Center. That’s more than many other states and some countries.
Wisconsin As A Biotech Leader: Two Sides Of the Coin (WPR)
Wisconsin is gearing up for what a state development group calls ââ?¬Å?the largest gathering of biotechnology leaders in the world.ââ?¬Â Next month, Forward Wisconsin hopes to market the state as a place where stem cell and other emerging biotech research is strong. Others think studying cells taken from embryos is wrong, and both sides are showcasing prominent people to make their point. (Sixth item.)
James Thomson, the stem cell researcher featured on a 2001 cover of Time magazine, will help Governor Jim Doyle lead a state delegation at a conference next month in Chicago.
College grads savor sweetened job offers
Nimroz Momin was worried about his job prospects.Born in India and raised in Houston, the senior finance major fired up his computer last fall, sending a flurry of 75 applications, mostly over the Internet, to companies around the Midwest and in Texas.
Hollywood headed for Wis. pending legislative approval
Wisconsin is one step closer to passing legislation with the potential to lure the lucrative film-production industry into the state following the bill�s approval in the Joint Committee on Finance Thursday.
Mayor Cieslewicz: Bugher deserves praise
Dear Editor: I find myself more often than not appreciating and agreeing with the editorial page of The Capital Times. I thought you really missed the mark, however, with your recent editorial criticizing Mark Bugher’s leadership as chairman at one meeting of the city’s Economic Development Commission.
If there is a person in this city who knows how to put politics aside, how to listen to all sides, how to seek consensus, and how to be the voice of reason in a heated debate, it’s Mark Bugher.
Drug giant in deal with UW-Milwaukee
Global pharmaceutical giant Bristol-Myers Squibb has signed a licensing agreement for research conducted at UW-Milwaukee that may produce a new anti-anxiety drug. Terms were not disclosed.
Bristol-Myers Squibb signed the licensing agreement with WiSys, the patenting and licensing arm for all of the UW System except UW-Madison. The license involves the research of UW-Milwaukee chemistry professor James Cook, who is developing new classes of drug compounds to treat psychiatric disorders.
ââ?¬Ë?Greenââ?¬â?¢ Union South plans to blossom if referendum passes
If this week�s ASM referendum passes and the current Union South comes down, a new green union is set to sprout from the rubble.
Take actions to reign in trade deficit, says UW prof (Wisconsin Radio Network)
Quoted: Menzie Chinn, Professor of Public Affairs and Economics at the LaFollette School of Public Affairs.
Grads Face Hot Job Market
For UW’s soon-to-be graduates, the real world looks rosy.
“The job market looks very strong for graduating seniors, the strongest that we’ve seen in about 6 years,” says Steve Schroeder with UW’s School of Business.
Editorial: Bugher’s style disappointing
Mark Bugher is an active and valued contributor to the economic development debate in Madison, but he needs to respect the fact that not everyone is going to agree with him. Bugher…now serves as director of University Research Park and as chairman of the Madison Economic Development Commission.
It was in that latter role that he presided this week over a lengthy commission meeting that heard testimony regarding a proposed city ordinance that would require larger Madison employers to provide paid sick leave to workers. Bugher’s skepticism about the ordinance mirrors that of many in the business community, and he certainly has a right to his opinion. But as the chair of a city commission, he also has a responsibility to treat citizens and expert witnesses appropriately.
Legal fees rack up for Delta, Northwest (AP)
Quoted: William Whitford, professor emeritus of law.
Economist says Wisconsin economy will slow by end of year (WisBusiness.com)
Quoted: Don Nichols, director of the La Follette School of Public Affairs
The Jobs Come Looking for Grads (BusinessWeek)
University of Wisconsin Business School senior Joe Jennings is kicking back, enjoying his last few months of college life. And why shouldn’t he? Jennings received four job offers by the end of the fall semester and accepted a position at PriceWaterhouseCoopers in Chicago in late November.
Jennings says he was surprised by how easy it was to land a job. “It was awesome,” he says. “I got offers from companies I’d never even heard of — extremely painless.” The 23-year-old, who will earn a starting salary of $53,500 with a $2,
Mike Ivey: Colorado fiasco taints AmFam
The timing couldn’t have been worse. Just as American Family Mutual Insurance is gearing up to start selling auto and homeowners policies in Washington – including the high-income/high-growth Seattle area – the company gets hammered by a nearly $3 million punitive damages award.
The case, which was settled out of court last week, included damaging testimony that American Family employees in the Colorado office routinely joked about the company’s get-tough policy regarding paying claims.
Those revelations were enough to tilt a jury in Boulder, Colo., last November in favor of Dominic Peressini, who earned a Ph.D in education from UW-Madison in 1996 and had been a tenured professor at the University of Colorado.
A Fieldhouse view: Monroe-Regent plan offers condos, offices, retail
Bob Sieger knows he’s fighting an uphill battle in getting approval for a six-story condominium and sports bar development at the busy corner of Monroe and Regent streets.
But the Madison architect thinks the $15 million project fits perfectly across from Camp Randall Stadium and the UW Fieldhouse.
“I know some people think it’s too tall but I’m pretty excited about it,” Sieger said (last week).
Regents: Tax amendment would devastate
University of Wisconsin regents used their monthly meeting to rip a proposed constitutional amendment that would limit tax increases.
The Board of Regents heard from Sen. Glenn Grothman, R-West Bend, and an aide to Rep. Jeff Wood, R-Chippewa Falls, on Friday. The authors of the Taxpayer Protection Amendment assured regents it would neither harm access to a higher education nor diminish the university’s role as an engine of the state’s economy.
Regents replied it would devastate the university’s ability to provide a quality education to the masses.
Legislation would help spur technology transfer, backers say
MADISON – The University of Wisconsin has a reputation for being a national leader in technology transfer.
Now a bill is making its way through the Legislature that proponents say would make it easier for faculty and researchers to turn their ideas into start-up companies.
Film bill seeks spotlight (AP)
MILWAUKEE – Producer and director Jerry Zucker would love to film a movie in his native Wisconsin, but it’s hard to persuade film production executives to do it when other states are offering tax incentives that help cut costs.
If a proposed law makes its way through the state Legislature, the Shorewood native won’t have to do as much to persuade them.
….A number of Hollywood heavyweights have written letters of support, including director David Koepp, who grew up in Pewaukee, and actors and Wisconsin natives Leslie Nielsen, Jane Kaczmarek and Brad Whitford.
Entrepreneurs get an early start
Daniel Vilione was frantically at work.
Vilione runs coffeehouse.com, a Web site that sells specialty coffee. On a recent afternoon, he was sorting through thousands of brochures that needed to be mailed.
The company president had to hurry. He had class in two hours.
Milwaukee-Madison cooperation is win-win
“The region comes first.”
That was the message – and the secret to success – relayed to us by the Metro Denver Economic Development Corp., a non-profit affiliate of the Denver Metro Chamber of Commerce that includes about 60 communities in seven counties.
An opinion column by Julia Taylor, president of the Greater Milwaukee Committee, and Jennifer Alexander, president of the Greater Madison Chamber of Commerce.
Madison: meeting place for hearts and minds
The Greater Madison Convention & Visitors Bureau is banking on Madison’s intellectual capital and reputation as a “top city” as part of a campaign to attract more tourists, meetings and convention business.
Both the bureau and the University of Wisconsin-Madison are capitalizing on the city’s national rankings, prominent industry leaders and renowned facilities and entertainment venues.
Would-be UW grads get job search help
A UW-Madison graduate has started a company that aims to help would-be college graduates market themselves for a job.
Bob Klein’s First Job, which is based in the Chicago area, is holding a workshop on Sunday from noon-5 p.m. at the Pyle Center on campus. The cost is $75 for UW Ad Club members, $95 for other students.
Doyle to lead state group to BIO2006
Gov. Jim Doyle plans to lead a delegation of more than 150 Wisconsin industry leaders to Chicago for BIO 2006, the world’s largest biotechnology conference, on April 9-12.
Doyle will join leading Wisconsin stem cell researchers Dr. James Thomson and Dr. Gabriela Cezar, as well as Wisconsin life science executives, economic developers, state government officials, lawyers, venture capitalists, researchers, technology licensing representatives and higher education professionals to promote Wisconsin’s life science resources.
Sharing recipes for disaster preparation
Klinger was one of the speakers at the Fusion 2006 conference at the Fluno Center on the UW-Madison campus. About 250 people attended the event, which focused on emerging information technology trends.
Triangle planning: Study targets south side’s Wingra Creek area
….The City Council Tuesday night is expected to approve the Wingra Creek Market Study, a comprehensive plan for a 64-acre triangular-shaped area on the city’s south side.
Over two years in the making, the plan aims at maintaining Park Street as a commercial and business area with Fish Hatchery Road remaining more of a residential corridor. It also calls for increasing housing densities on the south side to make light rail or other public transit a viable option. Park Street from the Beltline to the University of Wisconsin campus has been identified as a possible route for the city’s first trolley line.
Online faceoff: Web database keeps college students connected
UW-Madison senior Jamie Schneider will never again forget a friend’s birthday.
And with one click of the mouse, she can look up the cute guy in her communication arts class to see if he is “single,” “in a relationship” or if “it’s complicated.” She can reconnect with friends from high school, or even her childhood best friend who moved away.
She can do all this and more thanks to Facebook, an online social-networking phenomenon allowing college students everywhere to make new friends and keep the old ones.
Anti-sweatshop pace riles activists
Anti-sweatshop activists at the University of Wisconsin-Madison say the administration is moving too slowly to improve working conditions for those who make UW logo clothing.
About 65 activists briefly occupied Chancellor John Wiley’s office Wednesday.
Beltline route for power line opposed
Rural Dane County residents might feel that the heavily developed Beltline is an ideal corridor for a proposed transmission line that would be the largest in the county. But others say the Beltline is no place for the 345-kilovolt line planned by the American Transmission Co.
“We are taking a very firm stand against a transmission line running along the Beltline in front of the Arboretum,” said Kevin McSweeny, executive director of the University of Wisconsin Arboretum. “If it is in fact chosen as a route, we will insist that the line be buried such that our viewscape is not contaminated.”
ATC to discuss Arboretum line
The American Transmission Co. will give a presentation Wednesday night to explain how the University of Wisconsin Arboretum could become part of a corridor for a high-voltage transmission line.
Greetings from Muriel Simms!
It was a time in her life when the right side of her brain needed to come into play.
Muriel Simms, a longtime educator in Madison, was working on her doctorate in 2000 — 25 years after receiving her master’s in curriculum and instruction at the UW — when she decided to stir creative juices.
“My mother had just died, too, and I was very close to her, so this was a real intense, emotional period in my life,” Simms recalls.
To relieve stress, she took some art classes and eventually created a line of greeting cards with an African-American focus.
UW reacts to stiff dose of discontent in survey
March Madness isn’t just for basketball fans anymore.
Turns out it might be good for damage control for colleges, too.
During next month’s NCAA tournament, a series of ads touting the benefits of higher education for individuals and society will be aired by a national alliance of colleges. It will be a first-of-its-kind campaign aimed at turning around negative feelings about the high cost of college and other problems identified in a recent national public survey.
Turbocharging competition: UW in contest to rev up SUV’s fuel efficiency
The “Moovada” has everything that most sport utility vehicles owners would want – good gas mileage, low pollution and decent performance.
You won’t find the vehicle on car lots yet. Rather, it’s the name given to a souped-up Chevrolet Equinox by a team of University of Wisconsin-Madison engineering students – their entry in a nationwide contest to build a more fuel- efficient car.
On Thursday, the students received a boost when automotive parts supplier Johnson Controls Inc. presented them with a turbocharged hybrid battery system to use in the crossover SUV.
Survey scalds UW System
Wisconsin residents think the University of Wisconsin System is overpriced, overstaffed and out of step with ordinary people, according to a survey by a Madison firm that is the first of its kind in nearly a decade.
More than 70% of those polled said they thought “UW campuses spend too much money on things they don’t need instead of… educating students.”
Wood Communications Group conducted the survey quietly last fall as a first step toward building support for the UW System in the business community. The firm has used the results to rally university and business leaders ever since, saying that more needs to be done to improve the system’s public image. But in recent weeks, the survey might have backfired. Word of it has spread to critics of the UW System, who view it as justification for attacks.
With expansion planned, Kohl’s has positions to fill
With 500 new stores planned in the next five years, Kohl’s Corp. needs that many new managers, and twice as many assistants.
Those are just a few of the jobs that the fast-growing department store chain will create in the coming years, President Kevin Mansell told students in the University of Wisconsin-Madison’s retail program, part of the School of Human Ecology.
In-Depth: Forward. Planning.
The University of Wisconsin campus will see some significant changes over the next couple of decades, assuming their new master plan is as successful as the last one.
DNA testers
When you walk into one of Madison’s many young biotechnology companies, sometimes what you don’t see is as significant as what you do see.
NimbleGen Systems may be an example of that.
There is no fancy new building. NimbleGen, at 1 Science Court, is on the older side of University Research Park (east of Whitney Way). The do-it-yourself “front lobby” – more like an office-sized dent in the wall – consists of a few chairs and a small table with a phone on it, from which visitors ring up the employees they’re seeking.
Lights, camera, tax break
Although University of Wisconsin-Madison alum Tom Rosenberg set his upcoming film “The Last Kiss” in Madison, only a few exterior scenes were shot around town.
Most of the movie was filmed in Montreal, where the economics are much more favorable, said Rosenberg, chief executive officer and producer for Lakeshore Entertainment, the company behind last year’s best picture Oscar winner, “Million Dollar Baby.”
Student input needed in campus plan
The University of Wisconsin is competitive in pretty much everything. Our academics, athletic teams and even our party habits are ranked nationally. It�s about time our campus begins to compete with other universities nationwide in yet another category: campus development.
We lack adequate dorm space for incoming students, apartment space for older students, retail stores that make life more convenient for students, parking, reliable transportation and a centrally located health center. With class sizes growing each year, UW has no choice but to develop the campus and the surrounding areas to not only cater to the studentsââ?¬â?¢ wishes but also make UW a more aesthetically pleasing place ââ?¬â? or simply one that looks like it has finally left the 1970s behind.
John Hoffmire ‘Takes Five’
This year, about 1,000 low-income workers – primarily in Milwaukee and Madison – will receive tax preparation assistance from the University of Wisconsin-Madison’s Center on Business and Poverty. John Hoffmire, the director of the center, was interviewed via e-mail by the Journal Sentinel’s Mark Maley.
Doug Moe: Pigs at Odana Hills? Hogwash
A NUMBER of readers have been in touch wondering about the huge pile of dirt and other strange configurations on the Odana Hills golf course that are easily visible while driving by the course on the Beltline.
….What is being constructed at Odana, underground between the sixth and eighth holes, is a large storm water infiltration facility in the Lake Wingra watershed.
It’s part of a deal struck among the city, state and Madison Gas & Electric that includes the new MGE West Campus co-generation plant, which will draw water from Lake Mendota. In return, MGE is providing the facility under Odana, which will filter storm water retained in the large Odana pond to the left of the 15th fairway and then pump the clean water into the soil, where it will infiltrate to the water table, eventually making its way toward Lake Wingra.
DeLuca-linked company files for stock offering
A Michigan company that is developing a psoriasis treatment based on licensed technology developed by UW-Madison Professor Hector DeLuca has filed for an initial public offering of stock.
….DeLuca, chairman of the UW Department of Biochemistry, is the world’s leading expert on the metabolism and mechanism of vitamin D with more than 150 active patents in the U.S. and more than 1,200 patents outside the U.S.
Enterprise goes where it’s welcome
So, I say “Madison,” and your first thought is . . .
Romantic? Maybe: USA Weekend calls it a top romantic destination, for some reason.
Corrupt? Sure, that’s top-of-mind. Weedstock? Legendary for puffery, to be sure.
But entrepreneurial? The People’s Republic of Madison, entrepreneurial?
Yes, argue some people close to Wisconsin’s growing biotech industry: The reason research at the University of Wisconsin-Madison has led to a slew of new companies is that the university and the community are congenial to entrepreneurs. The rest of Wisconsin can take a lesson from that.
Enterprise goes where it’s welcome
Entrepreneurial? The People’s Republic of Madison, entrepreneurial?
Yes, argue some people close to Wisconsin’s growing biotech industry: The reason research at the University of Wisconsin-Madison has led to a slew of new companies is that the university and the community are congenial to entrepreneurs. The rest of Wisconsin can take a lesson from that.
“Our policies,” says Phil Sobocinski, assistant director of the UW Office of Corporate Relations, “are all entrepreneur-friendly.”
Jobs heat up for MBA grads: Demand returns as students break with tradition
The demand for new MBAs is expected to be at the highest level since the Internet bubble burst a half-decade ago, according to college career counselors and recruiters.
Are We Saving Less But Getting Richer?
But UW-Madison Business School Dean Michael Knetter said talk of fiscal misery might be overwrought.
Our savings, he said, are tied up in homes and other assets that are increasing in value.
The Commerce Department focused on cash flow, Knetter said. “Using that method, you look at how much income is earned in a year and how much is not spent,” he said. “But it’s not the whole story.”
UW center offers tax help to poor
About 1,000 low-income workers in Wisconsin will get free help filling out their tax returns along with a dose of financial education to help stretch their paychecks even further, thanks to the UW-Madison Center on Business and Poverty.
Wisconsin Triples Investment in Annual Biotech Expo (wisbusiness.com)
Wisconsinââ?¬â?¢s academic and commercial biotech community plans to pull out the stops for BIO 2006, which will run from April 9-12 in Chicago. The budget to showcase the Badger Stateââ?¬â?¢s biotechnology prowess has risen to nearly $270,000 this year ââ?¬â?? nearly three times what was spent last year at BIO 2005 in Philadelphia.
ââ?¬Å?This is the perfect opportunity to tell our story and make connections,ââ?¬Â said Charlie Hoslet, managing director of the UW-Madison Office of Corporate Relations.
Wisconsin must stay at forefront of stem cell research, Doyle says
Wisconsin must focus on continued modernization of its manufacturing and agricultural industries, while also working to develop emerging industries, such as bio-medical research, to keep the state’s economy competitive, Gov. Jim Doyle said at a conference Thursday.
Those emerging industries that need continued investment include stem cell research, said Doyle, speaking to about 300 economic development officials and business people at the Governor’s Conference on Economic Development. The conference, organized by the Wisconsin Economic Development Association, met at Madison’s Monona Terrace convention center.
New look coming on old University Avenue
….Many independent businesses along this stretch have moved or closed to make way for a new development by The Mullins Group, which owns much of the property. Others will soon relocate. They include Etes Vous Prets coffee at 518 Highland Ave. this spring and, eventually, Lulu’s restaurant, which has been at 2524 University Ave. for over 21 years.
Low funds jeopardize service program
The University of Wisconsin administration is expected to cancel the e-Projects in Community Service program, a service-learning course offered at UW, after the end of this semester.
The program has seen its numbers steadily rise since its inception in fall of 2000, as 116 out of 120 spots have been filled for this semester.
Audit called for state computer systems
The state’s troubled computer systems continue to be a source of debate and worry, as officials call for audits, hear testimony and bring in an outside overseer for the awarding of yet another software contract.
The leaders of the Joint Legislative Audit Committee have called for an overall audit on the state’s information technology system contracts, after repeated expensive systems failures.
Dave Zweifel: UW ranks among ‘tech transfer’ elite
The Republican legislators who find great sport in bashing the University of Wisconsin ought to take a look at a column in this month’s Inc. magazine, one of the nation’s leading business journals.
The Steve Nashes, Ron Kreibichs and Robert Cowleses of the world might be interested in knowing that the UW does a remarkable job translating its research and patents into business development and job creation, something that’s usually near and dear to a Republican’s heart. But they’d rather punish the school over social and personnel policies that don’t fit their own prejudices.
UW-Milwaukee business school gets $10M gift (AP)
MILWAUKEE (AP) – Sheldon B. Lubar, founder and chairman of the Milwaukee-based investment company Lubar & Co., says he is donating $10 million to the University of Wisconsin-Milwaukee business school.
The money will be used to fund new professorships and provide scholarships to business students as the university seeks to play a greater role in the regional economy.
Education, not luck, of Irish
Did the Irish read the Wisconsin Blue Ribbon Report on Jobs for the 21st Century, published back in 1997?
The strategic blueprint laid out almost a decade ago sounds like a carbon copy of the strategy that has propelled Ireland to the top of the prosperity pyramid in Europe.
The Irish have been focused. They have beefed up investments in universities. We have been going the other way, except for the BioStar initiative at UW-Madison.