In 2020 the UWM Research Foundation was awarded a matching grant from the Wisconsin Economic Development Corporation (WEDC) for $200,000 through their Capital Catalyst Program. The grant is being used to support UWM startups that are managed by faculty, students, or staff that have licensed intellectual property from the Research Foundation.
On September 17th, TCARE announced it had closed a $3 million financing round led by SixThirty Ventures, Aflac Ventures, BlueCross BlueShield MN, Blu Ventures, Village Capital, Connetic Ventures and Gener8tor Fund. “TCARE is a great example of applying research at UWM and translating it into a private startup,” stated Troy Vosseller, co-founder of Gener8tor. “TCARE is solving a market problem, but its underpinnings are rooted in the academic research of Dr. Rhonda Montgomery who explored the interplay of burnout and caregiving.”
An engineering professor wanted to test out his design for a better concrete fastener. An entrepreneur had an idea for a new product that she wanted to present to investors. A team came up with a concept for a device that would make the use of a router — a tool used for carving grooves in wood — cleaner and more efficient.
Ilya Avdeev has been named director of innovation at the new Lubar Entrepreneurship Center. In this role, Avdeev — an associate professor of mechanical engineering who has been instrumental in fostering entrepreneurship at UWM — will lead program development and partnership cultivation.
By Nick Williams – Reporter, Milwaukee Business Journal
Four Milwaukee-area startups are receiving some extra cash from government and academic funding programs to help commercialize their technology.
AquaMetals, based in the Milwaukee County Research Park's Technology Innovation Center in Wauwatosa, is getting up to $75,000 in Small...
From WisBusiness.com … — AquaMetals is bringing continuous, real-time data to the metal waste prevention industry.
The Wisconsin-based advanced manufacturing company has made it possible for businesses to control chemical treatment of toxic metals in real time, while monitoring the risk for pollution. President Bruce Bathurst and partner Tom Dougherty created the company in 2016 to help control and measure the concentration of heavy metals in flowing water.
NSF I-Corps Milwaukee site Director and UW-Milwaukee Associate Professor of Mechanical Engineering, Dr. Ilya Avdeev, was recently awarded $600,000 from the National Science Foundation for his Milwaukee Water-Energy Nexus Education Initiative.
Read the original article from the Journal Sentinel here.
While many large corporations have launched internal programs to enhance their energy efficiencies and environmental sustainability, most smaller companies do not have the same internal resources and often miss out on the revenue-saving opportunities sustainability can provide.