Area Universities Receive Grant for Entrepreneurial Coalition

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.

Dr. Sammis White, WCCR Co-Chair and Water Council member

Dr. Sammis White, WCCR Co-Chair and Water Council member

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.

Advertisements

About The Water Council

The Water Council, the only organization of its kind in the United States, was established in 2009 by Milwaukee-area businesses, education and government leaders. With more than 150 water technology companies in the Milwaukee area, the region’s water industry is a $10.5 billion dollar market and accounts for four percent of the world’s total water business. The non-profit organization is linking together global water technology companies, innovative water entrepreneurs, acclaimed academic research programs and, most importantly, some of the nation’s brightest and most energetic professionals. The Water Council is capturing the attention of the world and transforming the Milwaukee region into a World Water Hub for freshwater research, economic development and education. The Water Council is located in the Global Water Center at 247 W. Freshwater Way, Suite 500, Milwaukee, WI 53204.
This entry was posted in In the News and tagged , , , , , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s