In This Edition
2012 Gov's Biz Plan Contest
'Something Ventured' premiere
Wisconsin Innovation Network
'The Science of Beer'
2012 Wisconsin Portfolio
2012 Entrepreneurs' Conference
BizStarts collegiate biz plan contest
Murfie selected for TechStars
'WisBusiness: The Show'
SWIB updates
Company news round-up
Inside Wisconsin columns
News, events and opportunities
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March2012
The Wisconsin Innovation Network (WIN) eNewsletter is a periodical of news, events and programs about the needs and challenges faced by new and growing technology-based businesses in Wisconsin.  WIN has chapters in western Wisconsin, the Lake Superior region, Madison, Milwaukee, northeast Wisconsin and central Wisconsin.
51 of 248 entries advance in Governor's Biz Plan Contest

  

Fifty-one entries from 19 communities have advanced to the semi-final round of the ninth annual Wisconsin Governor's Business Plan Contest, contest producers announced.

 

The contestants were selected from a field of 248 first-round entries by an independent panel of about 60 judges organized through the Wisconsin Technology Council, which is producing the contest in conjunction with its membership subsidiary, the Wisconsin Innovation Network, the Wisconsin Angel Network and other statewide affiliates.

 

The semi-finalists reflect the diversity of Wisconsin's economy and are spread among four broad categories: advanced manufacturing (14), business services (11), information technology (13) and life sciences (13). That proportion roughly reflects the mix of Phase 1 entries in the contest's four categories.

 

Energy generation and management, other "cleantech" ideas, software solutions, industrial processes, health diagnostics, drugs and medical devices were specific sectors that drew a number of entries. The contests also attracted entries focused on products for children and older adults, as well as sports and recreation innovations. The Wisconsin Economic Development Corp. is a major sponsor. To see the list of advancing business plans, click here.

 

'Something Ventured' on screen in Madison

   

Join us for the Wisconsin premiere of "Something Ventured," an award-winning, independent film about the roots of the venture capital industry in California's Silicon Valley. The film tells the story of a handful of risk-takers who, alongside visionary entrepreneurs, created companies such as Apple, Intel, Genetech, Cisco, Atari and more.  

 

Date: Thursday, March 29

Time: 5:30 p.m. Reception and networking; hors d'oeuvres and bar

6:15 p.m. to 7:40 p.m. "Something Ventured" presentation

Sponsors: Baird Venture Partners, Venture Investors and Quarles & Brady
Location: Sundance 608, Hilldale Mall, 430 N. Midvale Blvd. Madison

To register for this one-time, private showing, click here.  

Trends in Wisconsin's innovation sector top WIN schedule

Upcoming meetings of the Wisconsin Innovation Network will feature speakers and topics of interest to the state's innovation community. On March 21, Lora Klenke of the Wisconsin Economic Development Corp. will discuss Wisconsin's export economy, foreign directi investment and upcoming trade missions at the WIN-Northeast meeting. The March 27 WIN-Madison meeting will highlight Wisconsin's medical imaging cluster.  The Wisconsin one-time viewing of the award-winning 'Something Ventured' will premiere March 29. Join us for these and other WIN meetings to be announced soon. On April 12, we will host some of Wisconsin's rising software and internet service stars at WIN-Milwaukee. Stay tuned for more information.  

'The Science of Beer' draws crowd at WIN-Madison event

Dr. David Ryder

It's Wisconsin's first biotech product - and one of its most familiar exports. Dr. David Ryder, vice president of brewing, research and quality assurance for MillerCoors, presented "The Science of  Beer" to a enthusiastic crowd of 85 at Capital Brewing Co. in Middleton March 6.  

   

Ryder began his brewing career in England at Associated British Maltsters. He then joined the South African Breweries beer division and was later named director of research and development for the brewing and malting concerns at the Delta Corporation Ltd. He was subsequently international technical consultant with Artois Breweries S.A. in Belgium.

 

He joined Miller Brewing Company in 1992. Ryder is president of the Institute of Brewing & Distilling and past president of the American Society of Brewing Chemists. He is also a member of the Master Brewers Association of the Americas and the Brewing Science Group of the European Brewery Convention, where he was past-chair of the sub-group for studying emerging fermentation systems. Ryder has published widely in brewing literature.

Coming soon: 2012 edition of 'The Wisconsin Portfolio'

Watch for the annual edition of "The Wisconsin Portfolio," a publication of the Wisconsin Angel Network and the Wisconsin Technology Council scheduled to be released in mid-March. It will contain a listing of 2011 angel and venture deals from a mix of vetted sources, and represents the most complete listing of deal activity for this sector in Wisconsin. Contact Zach Brandon for information about copies of the print version.    

Save the date for the 2012 Entrepreneurs' Conference

The 2012 Entrepreneur's Conference will be held in Milwaukee at the Pfister Hotel June 5-6. In 2011, more than 400 people attended.

If you are interested in becoming a sponsor at the conference, contact Jodi Hoeser at jhoeser@wisconsintechnologycouncil.com for sponsorship opportunities.
   
BizStarts collegiate biz plan contest under way

2012 BizStarts Milwaukee Collegiate Business Plan Competition, sponsored by Mason Wells is set for April 26 at the Milwaukee School of Engineering's Todd Wehr Center.    
A collaboration of post-secondary institutions in the Milwaukee 7 Region, the Collegiate Business Plan Competition is a "contest of winners," featuring entrants selected by their institutions as their best plans for each academic year. There will be $15,000 in prizes awarded to the top five finalists, and one plan will automatically receive a place in the Governor's Business Plan Competition later in the year.
 BizStarts is a partner of the WIN Milwaukee chapter.   
 

Murfie selected for TechStars Boston; follows footsteps of Spill

Murfie, a Madison-based company headed by serial entrepreneur Matt Younkle, was recently selected for TechStars Boston. Murfie, a digital music marketplace, has raised $1.4 million in funding in an "oversubscribed" round. The money was led by  DaneVest Tech Fund along with notable angel investors such as Barry Silbert, CEO of SecondMarket. The funds are slated for marketing initiatives and scaling-up Murfie's technical infrastructure.

  

As part of TechStars this year, Murfie will also get a fresh $118,000 investment.

 

Murfie offers music enthusiasts a platform for buying, selling and trading their media collections in physical and digital formats. Since it launched in 2011, it has gained more than 4,000 customers and more than 120,000 CDs, with about 1,000 to 2,000 new CDs coming in per day. In 2011, Student Spill Inc., another Madison-based firm, took part in TechStars Boston. Spill closed a $420,000 round after participating in the TechStars program.  
InvivoSciences is a 2012 Edison Awards finalist

InvivoSciences LLC (IVS), a Wisconsin company, was chosen as a finalist alongside 3M and CardioIX in the highly competitive Medical Science-Analytic Systems category by Edison Awards. Other finalist include Abbott, Johnson and Johnson, Apple, The Dow Chemical, GE Health Care, The Proctor and Gamble Company. Winning an Edison Award has become one of the highest accolades a company can receive in the name of innovation and business. Since 1987, The Edison Awards have recognized ideas at the forefront of new products, services, marketing, design and innovation. Read more here.  
Watch the latest edition of 'WisBusiness.com: The Show'

Please watch these latest editions of "WisBusiness: The Show" the twice-a-month Web show covering state business news and issues. In the latest edition of WisBusiness: The Show, Tom Still talks about the need for more skilled workers in Wisconsin, Liz Schrum delivers the ups and downs of the WisBusiness stock report, and Paul Radspinner, chief executive officer of FluGen, discusses his company's work around the prevention and treatment of flu viruses.    

 

Click here to view the biweekly show, produced by Tweedee Productions for the Tech Council and WisBusiness.com, as well as our archives of past shows. The show is sponsored by Grant Thornton, Madison Gas & Electric, Whyte Hirschboeck Dudek S.C., and the UW-Milwaukee.

 

Ben Brancel, state ag secretary  

Neil Peters-Michaud of Cascade Asset Management  

Lisa Johnson, VP at Wisconsin Economic Development Corp. 

Jim Morgan, WMC Foundation 

Greg Quam, Project Lead the Way   

Mark Moody, president and CEO of WEA Trust

Mike Theo, president and CEO of the Wisconsin Realtors Association

State of Wisconsin Investment Board updates

SWIB's Prestigiacomo talks about VC trends from a Silicon Valley perspective

Chris Prestigiacomo recently spent time in Palo Alto and San Francisco with a few of SWIB's Catalyst Portfolio venture capitalists. In addition to updates on portfolio companies and fund performance, discussions about industry trends were of interest. Read the column.  

 

SWIB to host venture capital speaker

The State of Wisconsin Investment Board is hosting an event with Kevin Kinsella, founder of Avalon Ventures. Avalon, with offices in La Jolla, Calif., and Cambridge, Mass., is one of SWIB's Venture Capital Catalyst Portfolio managers. Avalon focuses on seed and early stage companies in life science and information technology sectors, backing some of the most successful companies. Since Kinsella's founding of the firm in 1983, Avalon has invested in more than 100 early-stage companies. Kinsella will discuss today's venture capital environment, provide insight into what sectors are of most interest to VCs, what VCs are seeking in early stage investment opportunities and the challenges facing early stage companies.The event will be held at the Wisconsin Institutes for Discovery from 3 p.m. to 4:15 p.m. April 10. If you should have questions for Kinsella, submit them prior to April 3 to Question Box. You may RSVP prior to March 30 to info@swib.state.wi.us   

 

SWIB new names executive director

Michael Williamson, a former UW-Madison administrator and Madison mayoral aide, has been named executive director of the State of Wisconsin Investment Board. Williamson will arrive in Madison in June. He is currently deputy director of the District of Columbia Retirement Board.
Company news round-up

State gains 15,700 jobs in January; jobless rate falls to 6.9% Wisconsin gained an estimated 15,700 private-sector jobs in January while the state's unemployment rate declined to 6.9% from 7.0% in December, according to the most recent monthly unemployment data from the state Department of Workforce Development. 

 Lucigen gets $2.5 million federal research grant The National Institutes of Health awarded Lucigen Corp. of Middleton $2.5 million to help identify new drug candidates to treat infections, including those resistant to antibiotics.

Can Virent's technology move from the lab to the gas pump? Locked behind a set of double doors in a sparkling clean warehouse on the city's far east side is a miniature refinery.

Boot camp for new businesses After years of jobs as varied as driving a cab, making loans and repossessing cars, A-Sun Truth finally found a way to put the skills he learned 20 years ago as a U.S. Marine to good use.

Wisconsin Institutes for Discovery named 2012 'Laboratory of the Year' Click here to read a Wisconsin Technology Network story about the Wisconsin Institutes for Discovery winning the 2012 award for "Laboratory of the Year," an international award sponsored by R&D magazine since 1966.

SWIB's Prestigiacomo talks about VC trends from a Silicon Valley perspective When asked whether today's start-ups focused on social or consumer Internet space are in a bubble, the response from the VCs was "no." The companies we met had business fundamentals to support the interest shown in these sectors.

Start-up fund 'Angels on the Water' aims to help state companies A group led by the former dean of the business school at the University of Wisconsin-Oshkosh has launched a new fund -- Angels on the Water -- that will invest in start-up companies in northeastern Wisconsin and the rest of the state.

Technology Development Loans approved for entrepreneurs Gov. Scott Walker has announced two companies are eligible for Technology Development Loans from the Wisconsin Economic Development Corp.

Oshkosh receives $94 million order from Marines Oshkosh Corp. has received a $94 million order from the U.S. Marine Corps for a type of truck first fielded in the war in Afghanistan three years ago.

Past Biz Plan Contest finalist will present at West Coast health IT event Forward Health Group has been selected to participate with major health systems as one of six Health Care Innovator Finalists at the prestigious West Coast BluePrint Health IT Innovation Exchange Summit. The Madison company was known as Population Manager when it reached the finals of the 2010 Wisconsin Governor's Business Plan Contest. Click here to learn more.

WSRC's Heinemann to speak in April on working with national labs Jack Heinemann, director of the Wisconsin Security Research Consortium, will speak at the annual "Ideas2Profits" conference to be held April 19-20 at the Tundra Lodge in Green Bay. Heinemann will serve on a panel that will explore the ins and outs of working with national laboratories.

Wisconsin Economic Development Corp. working on early stage capital plan In a last-ditch effort to get an investment capital bill passed before the end of this session, the Wisconsin Economic Development Corp. has floated a proposal to fund promising young companies with money raised from the sale of unused investment tax credits.

Venture capital fund gets $25 million in commitments NEW Capital Management, a venture capital and growth equity firm in Appleton with half a dozen Madison companies in its portfolio, has closed on its second fund with more than $25 million committed.

Electronic Theatre Controls to expand in Middleton Electronic Theatre Controls plans to expand its office and manufacturing building in Middleton and add at least 100 jobs over the next several years.

Venture capital legislation looks dead Wisconsin's controversial venture capital legislation appears to be dead, at least for the current floor session.

Appleton-based venture capital firm seeks investments New Capital Management, an Appleton-based venture capital and growth equity firm, recently closed its NEW Capital Fund II Limited Partnership, with committed capital of more than $25 million.

Wisconsin Angel Network director, Zach Brandon, in this month's issue of Corporate Report Wisconsin Angel Network director, Zach Brandon, explains the who, why, what of angel investing in this month's issue of Corporate Report.  

Angel Investors And Startups Mingle In Milwaukee Thirty-five well-dressed men and women are sipping wine and chatting in the lounge of one of Milwaukee's oldest and most exclusive social clubs. A century ago, this is where the city's beer and banking giants mixed and mingled. Tonight's crowd isn't all that different - many of these men and women are worth at least a million dollars. Once a month, they pool their money to invest in high-tech, fast-growth startups. They call themselves the Silicon Pastures Angel Investment Network.

Coast Guard orders 40 boats from Marinette Marine Marinette Marine Corp. has received an $89.6 million order from the U.S. Coast Guard for 40 boats.

ATC, partners would bring hydro power from Canada Plans to bring renewable power from proposed dams in Manitoba to Minnesota and Wisconsin are taking shape.

Website Helps Companies Looking At Wisconsin A new free website has been launched to help businesses looking at locating or expanding in Wisconsin.The new site created by the Wisconsin Economic Development Corporation and GIS Planning Inc. is designed to help company executives and site selectors with information that will help them make their decisions.

HarQen attracts $1.8 million investment HarQen Inc. has developed what founder and chief executive officer Kelly Fitzsimmons believes is a better online conferencing product and has attracted nearly $1.8 million in investments including funds from high-profile start-up investor Tom Shannon.

State planning trade missions to southeast Asia, South America and India The Wisconsin Economic Development Corp. is leading three trade missions this spring in regions where Wisconsin companies can explore expanding their exports and partnerships.

UW-Madison engineering dean Peercy to retire; leader in industry and education Paul Peercy, dean of the UW-Madison College of Engineering for 13 years and a member of the board of directors of the Wisconsin Technology Council, will retire as dean once a search for his successor is complete 

State urging online buyers to pay tax Wisconsin taxpayers could find themselves digging through more receipts than usual this tax season as the state Department of Revenue makes another effort to collect taxes on out-of-state purchases.

     

Inside Wisconsin columns tackle state, tech issues

Tech Council President Tom Still shares insights on technology, the economy and politics through "Inside Wisconsin." Here are some recent columns:

Foundation of business innovation grants helps pave way for private capital It's no secret that Wisconsin falls well below average among the 50 states when it comes to attracting venture capital, a class of private investment dollars vital to building small startups into jobs-producing companies. However, other building blocks already in place could improve the state's venture picture over time.

Business Plan Contest entries mirror what makes Wisconsin tick When Wisconsin entrepreneurs smell opportunity, it sometimes smells like fish. Or freshly brewed beer. Or a cheese-based protein energy drink.

While 'mostly dead' this time around, state venture capital bill can live again There's a scene in "The Princess Bride," shortly after the hero Westley is apparently tortured to death by Prince Humperdinck, in which Westley's friends bring his body to the cottage of Miracle Max - played by Billy Crystal.

To 'in-source' more jobs, mix of tax incentives, workforce skills needed You've no doubt heard of "out-sourcing" - the practice of American companies moving jobs overseas, often to save money on labor costs.

Maybe all of college sports should 'get a life' and keep things in perspective Gordon Gee is president of The Ohio State University, the nation's third largest in terms of students and a research leader with a reported R&D budget of $828.5 million for 2010-2011. One might think he has better things to do than chastise the UW-Madison's football coach.

Click here to view more Inside Wisconsin columns. 

News, events and opportunities

 

WIN Northeast - March 21 
WEDC role in exports  

 

WIN Madison - March 27
Wisconsin's medical imaging cluster

 

Wisconsin premiere of Something Ventured - March 29

 

SWIB Venture Capital Speaker - April 10

 

Wisconsin Technology Council Board of Directors meeting - April 10

 

WIN Milwaukee - April 12
Software and internet companies 

 

2012 Entrepreneur's Conference - June 5-6 

The Pfister Hotel, Milwaukee 

 

Get WIN-volved! Membership has its privileges
WIN logoJoining your local Wisconsin Innovation Network (WIN) Chapter offers networking connections with a variety of industries and professionals in technology, law, banking, government, public relations, manufacturing, and local entrepreneurs.

 

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POST YOUR EVENTS ON THE TECH COUNCIL COMMUNITY EVENTS LISTING! Click here to add your event to the Tech Council website.

Thank you to the following individuals and organizations that have recently joined or renewed their WIN memberships: 

Corporate Members:

Individual Members:
Karen Borgh
Charles Brumder
Joseph Derba
Patty Franson
Christine Garcia
Donald Higgins
Adam Jellen
Katina Kravik
Chris Prestigiacomo
Allyn Ziegenhagen
________________________________________________________________________ 
Dear Reader:


One of the best ways to meet people engaged in Wiscosnin's innovation economy is to meet them on their own turf. My recent speaking engagements at the American Planners Association-Wisconsin in Oshkosh, the Global Education Summit in Madison and the Green Energy Summit in Milwaukee were reminders of how Wisconsin's tech-based economy is growing, not only in size but in diversity. Our March 1 Business Plan Contest "boot camp" was a chance to meet some of the state's newest entrepreneurs, and our WIN meetings are always a source of ideas and conversation. Please use this edition to the WIN eNewsletter to learn more. Share your ideas for news and events at
news@wisconsintechnologycouncil.com.
 

 

Sincerely,
 
Tom Still, president
Wisconsin Innovation Network / Wisconsin Technology Council
_______________________________________________

E-mail: news@wisconsintechnologycouncil.com
Phone: (608)442-7557
Fax: (608)231-6877
Web: http://www.wisconsintechnologycouncil.com