It was recently announced that UW–Milwaukee, Marquette University, Milwaukee School of Engineering (MSOE), UW–Whitewater and UW–Parkside have received a five-year, $1 million matching grant from the Economic Development Administration (EDA) to encourage entrepreneurs and start-ups. The five schools have come together to form the Wisconsin Center for Commercialization Resources (WCCR). The center’s goal is to take ideas and inventions created within the schools and make them commercially viable through the initial phases of development. As Co-Director Sammis White said,
“There are still people out there who do not understand how to move forward with ideas they have, and we are really an intermediary that will help them assess where they are on the commercialization continuum and who they should talk to next.”
WCCR works with business developers through the commercialization process from idea to proof of concept to launch. WCCR’s unique combined strength of the partner universities allows them to harness the expertise and assets of more than one institution to provide a comprehensive set of services.
And with three board members who are active Water Council members, they are able to tap into the regional cluster of water businesses as well. As Dr. White stated, “We are very much looking forward to working with those individuals with innovative ideas, especially those in the water space, to help them convert their ideas to successful businesses.”
This is another prime example of how business and academia work together to promote water business and economic development. We look forward to hearing more about how the WCCR and how they are helping individuals move forward with their ideas.