Tech Transfer / Commercialization
Innovation is a cornerstone in the foundation of the region's future. To compete globally, the Milwaukee Region must identify new technologies and ideas with commercial value and facilitate investment in new ventures. Local research universities, like UW-Milwaukee, Marquette, Milwaukee School of Engineering, the Medical College of Wisconsin and Concordia University are collaborating to increase the amount of funded research for technology transfer, business starts and patents, as part of a project called I-Corps. Between just these five schools, more than $250 million is spent on research every year.
Wisconsin's Center for Technology Commercialization provides one-on-one assistance to early-stage emerging technology businesses throughout Wisconsin, offering assistance with funding acquisition efforts through the federal Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) programs. CTC has in-house experts with 60 years of combined experience and have collaborated in acquiring more than $100 million in federal and other funding for its clients.
The Wisconsin Technology Council is the independent, non-profit science and technology adviser to the governor and the Legislature, and a partner on a number of programs aimed at entrepreneurs and investors. The Tech Council manages the Governor’s Business Plan Contest, the Wisconsin Entrepreneurs’ Conference, the Wisconsin Early Stage Symposium and Resource Rendezvous, all of which help entrepreneurs connect and acquire skills.