Three startups based in the Milwaukee area: Milwaukee-based Advanced Ionics, Milwaukee-based Rapid Radicals and Hartland-based Wearable Technologies Inc., will be recognized for excellence in innovation at the Innovation + Entrepreneurship Forum, to be held at the Italian Community Center in Milwaukee on Dec. 8.
Leaders from the companies will speak at the event about their innovations and how they innovate. Click here to register.
Advanced Ionics is a manufacturer of electrolyzers that use low-cost renewables or nuclear energy to produce green hydrogen for less that the current cost of fossil fuel-derived hydrogen. Advanced Ionics says it can produce green hydrogen for less than $1/kg. The company closed a $4.2 million funding round earlier this year.
Rapid Radicals, is working on perfecting a decentralized wastewater treatment system that can treat water in less than 30 minutes – 16 times faster than conventional treatment. The business has been gaining national attention, winning the Wisconsin Governor’s Business Plan Contest in June and earning a federal Small Business Innovation Research grant in the same month. Since its inception in 2016, the company has received $1.5 million in grant funding.
Deepak Arora, chief executive officer of Wearable Technologies, developed a wearable monitoring device after his two-year-old daughter wandered out of their family home and drowned in a nearby retention pond. The wearable device can be worn on the wrist like a watch or attached securely to different articles of clothing. It monitors several key pieces of information that can help predict potential hazards or emergency situations.
Also planned for the Innovation + Entrepreneurship Forum, Oldenburg Group founder Wayne Oldenburg will receive the Lifetime Achievement Award.
In addition, three business leaders will receive entrepreneurship awards: