Several projects that grew out of research at the University of Wisconsin-Milwaukee have received seed funding from the University of Wisconsin-Extension and the Wisconsin Economic Development Corp.
Each project received up to $25,000 through the Ideadvance Seed Fund, and will receive business mentoring to develop strategic business models for their projects. Ideadvance was launched in February with $2 million from the organizations.
Local stage one awardees included: NanoAffix Science, Junhong Chen, UWM; Innovative Foundry Technologies, Dan McGuire, UW-Whitewater; Tali Payments, Carlton Reeves, UWM; Grypshon, Tom Burden, UWM; and Organic Research Corp. licensed technology from the UWM Research Foundation.
“The grant recipients represent a broad range of commercialized technologies, solutions to problems and creative ideas enhancing the world in which we live,” said Lisa Johnson, WEDC vice president for entrepreneurship and innovation and member of the Ideadvance investment committee. “Ideadvance creates a foundation for university entrepreneurs by setting the stage where they can take their ideas and technology to commercialization and a successful company launch – right here in Wisconsin. It also demonstrates that university entrepreneurship can lead to long-term economic growth through company formation and job creation.”