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July 16, 2021

Dear readers:

A busy summer continues at the Wisconsin Technology Council, which will host a members-only reception July 22 at Blackhawk Country Club in the village of Shorewood Hills, an Aug. 16 golf scramble in Lake Arrowhead and a series on our annual “Wisconsin Portfolio” report.
 
The “Portfolio” series on angel and venture capital investing will take place in seven locations across Wisconsin. See below for details on each. The “Portfolio” tour will allow entrepreneurs, investors and others to meet with Tech Council Investor Networks director Joe Kremer and communications director Laura Kaiser, who can talk about resources for entrepreneurs and others during presentations or at receptions that follow.
 
In the meantime, strongly consider getting vaccinated against COVID-19 if you haven’t already. The only cases showing up in hospitals or worse these days are those who haven’t gotten the shot or shots.

Sincerely, Tom Still
President, Wisconsin Technology Council

The federal government is poised to make its biggest investment in research and development since the end of World War II, the dawn of the space age and the Cold War defense buildup, with hundreds of billions of dollars to improve U.S. competitiveness in a changing world.
 
With one of the nation’s leading research universities, other academic research hubs and a vibrant manufacturing sector, Wisconsin should be positioned to vie for those dollars once approved by Congress and the president. Click here to read the full column.
The latest episode of “WisBusiness.com: The Show” spotlights Dr. Nick Von Bergen of Atrility Medical, the winner of the 2021 Governor’s Business Plan Contest. Listen to Dr. Von Bergen’s presentation at the June 3 Entrepreneurs’ Conference to a live audience. Atrility Medical has developed AtriAmp, which facilitates more efficient monitoring and treatment of atrial arrhythmias, a common side-effect of many heart surgeries. Click here to watch!
What kind of evolution have you seen at 4490 Ventures in your 7 years?
From the beginning, the strategy for 4490 Ventures has been to invest in high potential, early-stage tech companies, typically as they are rasing their first institutional round of financing. Our approach is to build a high conviction/high concentration portfolio, which means we invest in a smaller number of companies, investing more time and more money in fewer companies, hopefully resulting in a couple of companies becoming very large and successful. Our belief is that a couple very large winners will more dramatically impact the Wisconsin tech ecosystem than if we tried to spread our time and money around to a greater number of companies.
 
Click here to read more about Robinson and other previous member spotlights.

Angel and venture capital's significance to the Wisconsin economy will be a topic of meetings:

Green Bay’s TitletownTech on July 26
Door County’s Landmark Resort on July 27
Eau Claire’s CoLab on July 28
Beloit’s Irontek on Aug. 2
Serendipity Labs – Madison on Aug. 3
Milwaukee’s Nō Studios on Aug. 4
Idea Fund of La Crosse on Aug. 9

Meet Tech Council Investor Networks Director Joe Kremer, who will review the annual report and answer questions from entrepreneurs, investors and others in attendance.
Click here to access a release and clickable/printable PDF of the event sites.

Members of the Wisconsin Technology Council can network in-person and hear a brief update on the council’s policy work and its upcoming events Thursday, July 22, at a picturesque venue overlooking Lake Mendota.

The networking reception will be from 4 to 6 p.m. July 22 at Blackhawk Country Club, 3606 Blackhawk Drive, Shorewood Hills. Hors d’oeuvres and other refreshments will be provided with a cash bar available. This event is free to attend, but registration is required. Click here to register.

The scramble tournament features a 10 a.m. lesson clinic with a Lake Arrowhead Golf Pro, 11 a.m. shotgun start, lunch, carts, on-course games, contests and prizes and an end-of-day buffet dinner in the renovated clubhouse, which overlooks the course. Individual rates and foursomes for both Tech Council members and non-members are available.

Not a golfer? Not a problem!  Enjoy the afternoon and take advantage of the adjacent swimming pool and clubhouse areas and local attractions before joining the group for the reception and buffet dinner. The dinner-only price is $30. There are several options for overnight accommodations, including Lodges of the Lakes, Eagles Nest, the Cottage Keeper and the Lakes Inn. See links on our website. Click here to read more details.

Have an opening? Let us know: It's a complimentary member benefit to list your openings!
Please look through our listings for openings and opportunities updated weekly.
Email Laura@wisconsintechnologycouncil.com to have yours included.


This week features opportunities with Marshfield Clinic, Wisconsin Alumni Research Foundation (WARF), First Business Bank, Rural Wisconsin Healthcare Cooperative {RWHC), Ziegler, Wisconsin Economic Development Corp., Versiti, Kiio, American Family Insurance, UW-Madison Office of Business Engagement, WiSys, Kwik Trip and Johnson Controls
We can't wait to welcome you back to in-person Tech Council luncheons.
Click here to add these dates to your calendar!
Legislature Fiscal Bureau: Venture Capital Fund of Funds Program (WEDC)
MKE Business Journal: Wis. lawmakers omit $100 million venture fund from latest budget; experts say there are other paths forward
Tom Still: Need for 'fund of funds' in Wis. remains in wake of state budget committee's decision

Seventy-five people and organizations support the state budget proposal to invest in a venture capital “fund of funds” much like those in Indiana, Ohio, Illinois, and other states.
Want to join us? All we need for now is your name, your logo (if you have one) and your willingness to tell your state legislators why it’s good for Wisconsin. 

Visit the website: wisconsinfundcoalition.com. Contact: James Fenley at jfenley@thesjlgroup.com
The mission of the WHBF is to foster and promote one of Wisconsin’s most valuable assets – its high-quality, highly innovative healthcare sector. It will accomplish the mission by creating a forum for members of the business community, hospitals, health systems and others to communicate about challenges and work collaboratively to improve the health and wellness of their employees while better managing costs. Click here to learn more about the WHBF.
Department of Health Services updateClick here to access all current DHS data.
 
50.9% of total eligible Wisconsin residents have received first dose, 48.5% of have completed their series and 81.4% of 65+ residents are fully vaccinated. 26.3% of Wisconsin 12- to 15 year-olds are fully vaccinated. Dane County continues to be a country-wide leader in vaccination rates.

Find in-state pharmacies and community clinics offering the vaccine.
The Entrepreneurs’ Toolkit is designed to give Wisconsin innovators a guide to resources available in Wisconsin and beyond. Resources include: Getting started, finding money, locating your business, education and tech transfer, regulations, networking and selling to government with a dedicated section for women, minorities, tribes and veterans. Click here to access our Entrepreneurs’ Toolkit.
  • Greater Madison Chamber of Commerce’s annual Pressure Chamber competition in August is now accepting applications through July 19.
  • Scale Up Milwaukee applications now open for Growth Accelerator Cohort 7, which includes nearly 100 hours of curriculum, discussion, and consultation focusing on companies approaching or over $1 million in annual revenue
  • Igniter from Discovery to Product (D2P) is an intensive 14-week course for campus innovators, due September 20
  • The Creative Destruction Lab Course offers mentoring, high-potential ventures and investment decisions exposure
Experience for yourself why the Innovation Network has been a Tech Council tradition for more than a decade. ​With more than two-dozen events annually, you'll expand your network while learning from top-notch speakers at a variety of events. When you become a member, your membership applies to all chapters, statewide. 

Your $750 Investor Networks membership entitles you to one free pass to our two major conferences (Entrepreneurs' Conference and Early Stage Symposium), as well as regular Tech Council Innovation Network events.

Please contact Angela Schlobohm, development & member relations director about Innovation Network membership: angela@wisconsintechnologycouncil.com and Investor Networks director Joe Kremer at joe@wisconsintechnologycouncil.com.
  • WiSys presents Secure Your STEM Internship on Wednesday, July 21. Science and technology industry leaders share tips, tricks and advice with undergraduate students seeking STEM internships. 
  • Wisconsin Technology Council’s networking and program update in-person meeting will be on Thursday, July 22 at Blackhawk Country Club for members. Learn more and register here!
  • The 2021 Wisconsin Portfolio Statewide Tour (in-person) will begin on Monday, July 26 and run through Monday, August 9. Click here to see full schedule and registration links.
  • MadREP x ReVise Consulting present Remote Work 101: Digitizing Operations on Tuesday, July 27. This interactive workshop focuses on the impacts of a virtual migration on organizational employees and workplace operations.
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ECONOMY
Wisconsin State Journal: Rebounding from tragedy, Paradigm sold for $450 million
WisBusiness: Milwaukee 7 to create 8,800 jobs, secure $1 billion in capital investment by 2024
Madison.com: US consumer prices jumped 5.4% in past 12 months, most since 2008
Urban MKE: Gov. Evers announces  $130 million investment in workforce solutions
Wisconsin State Journal: Foxconn reports 81% of total capital investment requirement met
WisconsinEye: Partnership Law (LRB 2890) briefing: a bill to modernize business statutes

ENTREPRENEURS + INNOVATION
Beloit Daily News: Janesville, Rock County Jumpstart to highlight Black small business owners
TelePT Connects: [Podcast] Lydia Zeller: An innovator pivots to meet the market
WisconsinINNO: Startup Milwaukee Week will merge with MKE Tech Hub Coalition
Innovate 608: [Podcast] Heather Wentler discusses strategies for female entrepreneurs
Adventa Bioscience of Lodi announces launch of Trulacta, supplements made from human milk
UW-Oshkosh: UWO student’s business nets grant from Bucks star’s social impact fund
 
INVESTING
Journal Sentinel: PartsBadger will add jobs in Cedarburg with $1.55 million capital investment
The Block: Crypto and blockchain venture funding soars during 2021's second quarter
Crunchbase: Funding to Black startup founders quadrupled in past year, but remains elusive
Reuters: Biden’s antitrust crackdown could hurt startups
The Information: Startups turn to Wall Street to broker VC deals
Crunchbase: Another crazy record-breaking North American venture tally
 
HEALTH
WisBusiness, WisPolitics Health Care Report for July 15
InsideWis: To keep COVID-19 economy booming, rural vaccinations key
WisBusiness: DHS officials warn of delta variant impact on the unvaccinated in Wisconsin
WSJ: U.S. COVID-19 case counts have doubled in recent weeks
Urban MKE: Wisconsin may get $65 million in opioid settlement
 
EDUCATION
UW-Eau Claire: UW System Board of Regents approves new bioinformatics major
PBS Wisconsin: [Video] Boosting funding for K-12 Wisconsin schools
 
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