Wisconsin WEDC awards $140K to establish a medical research seed fund
The Wisconsin Economic Development Corp. has awarded $140,000 to new nonprofit corporation Bridge to Cures Inc. to establish a seed fund to benefit medical research in southeastern Wisconsin.
Wisconsin Launches New $2M Economic Development Seed Fund, IdeaAdvance
The University of Wisconsin System and the Wisconsin Economic Development Corp. (WEDC) have created a $2 million seed fund that UW-Extension will administer to help commercialize technology and ideas developed at UW campuses statewide. UW-Extension and its partners announced the Ideadvance Seed Fund today at a news conference in the State Capitol attended by Lt. […]
WI Start-up Fund Gets Tax-Exempt Status From IRS
The I-R-S has granted tax-exempt status for a new Wisconsin foundation that will provide venture capital for start-up businesses. Donors will get federal tax breaks for giving charitable donations to the new Bright-Star Wisconsin Foundation. The I-R-S announced the tax-exempt approval yesterday.
Venture Investors LLC raises $80M fund, will invest in university technologies
Venture Investors LLC, the largest and oldest Wisconsin-based venture capital company, will announce Sunday it has $80 million in commitments for a fifth venture capital fund. The Madison firm fell short of the $150 million it set out to raise, but was able to secure more than half of its goal in a challenging venture capital […]
Wisconsin Governor signs $25M venture capital legislation
Gov. Scott Walker signed legislation Thursday to provide $25 million in taxpayer money to start-up companies, realizing a goal he has sought for more than two years. Providing venture capital has had a rocky history in recent years. Bills to do that last session couldn’t get through the Legislature, and this year’s legislation has had its share […]
Wisconsin Lawmakers Propose $75M State Seed Fund
Madison lawmakers proposed a new venture capital plan last week, the latest step in their two-year slog to help create an entrepreneurial renaissance. Meanwhile, groups of entrepreneurs, mostly concentrated in Madison and Milwaukee, continue their attempts to spark that renaissance from the ground up. And they’re using a new “lean start-up” method that’s a departure […]
WARF, State of Wisconsin create new early-stage venture capital fund for information technology
The State of Wisconsin Investment Board and Wisconsin Alumni Research Foundation are creating an early-stage venture capital fund focused on information technology. Called 4490 Ventures, a reference to the 44° N latitude and 90° W longitude lines that approximate the center of the state of Wisconsin, the $30 million fund will focus on early-stage companies […]
Testament to the challenges in implementing state-supported venture funds
A hard-to-pass proposal to use tax dollars to boost private investment in Wisconsin start-up companies could find its way into the next state budget bill, giving it a pathway through the legislative traps that ensnared it last session, a key state senator said Tuesday. Also Tuesday, the fix-it executive for Gov. Scott Walker’s troubled jobs […]
U Wisconsin-Madison Translational Research Institute Grant Renewed with $41.5 Million
The new award allows the Institute for Clinical and Translational Research to continue its major program of cultivating the development of researchers who can conduct translational research. This is the research in which discoveries move as quickly as possible along a continuum from the university to doctors’ offices, clinics, hospitals and county health departments where […]