FRI AM News: Madison’s growing startups are helping more than one industry


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From WisBusiness.com …

— The growing momentum in the Madison startup sector isn’t only helping new companies.

It’s also boosting the lawyers, part-time CFOs, accountants and other consultants who help those startups grow — and sometimes take a loss when they fail. Those service providers, at firms both large and small, generally offer sweeter packages to cash-strapped startups, discounting their usual rates or allowing deferred payments until the next fundraising round closes.

And in doing so, they become much like investors, who risk their money on young companies and hope that investment pays off later on.

“We all want to help each other grow and prosper,” said Derek Notman, the founder and CEO of Intrepid Wealth Partners.

See more on Madison’s startup service providers in a new WisBusiness.com story:

http://wisbusiness.com/index.iml?Article=374498

— UW-Madison radiology professor Jamey Weichert is resigning as chief scientific officer at Cellectar Biosciences, according to an SEC filing.

Weichert, one of the company’s founders, is leaving effective today. A Cellectar spokeswoman didn’t respond to a request on why he’s leaving or when the company expects to fill the position.

See the filing:

http://www.sec.gov/Archives/edgar/data/1279704/000114420416112969/v444281_8k.htm

— Rickert Industries CEO Lisa Mauer will be the new president of the Wisconsin Economic Development Corp. board.

Maurer, a former senior VP at BlackHawk Industrial Distribution, was elected yesterday at the WEDC board’s meeting in Stevens Point. She replaces Ariens Co. President and CEO Dan Ariens, who will be vice chairman of the board.

WEDC has also gained two new board members: James Ladwig, the president and CEO of Racine Area Manufacturers and Commerce; and UW-Madison accounting professor R.D. Nair.

See the release:

http://wisbusiness.com/1008/160714_WEDC_Board_Officers.pdf

— Marquette University’s College of Health Sciences is getting a $1 million donation to boost innovations in the field.

Marquette will use the gift, from alums Dennis and Barbara Klein, to help the college’s researchers study mental illness and other topics. Marquette President Michael Lovell said it will help the university’s goal of doubling its research over the next five years.

See more:

https://news.marquette.edu/news-releases/marquettes-college-of-health-sciences-receives-1-million-gift-from-dennis-and-barbara-klein/

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**Tuesday, July 19: The Future of the Wisconsin Economy**

Luncheon panel will focus on worker demographics, core industries, venture capital and the start-up environment.

Panelists will include:

– Ray Allen, Secretary, Department of Workforce Development

– Aaron Olver, Managing Director, University Research Park

– Maggie Brickerman, Co-Founder of gBETA, a pre-seed accelerator for companies with roots in Wisconsin colleges and universities

– Jim Wood, Strategic Counsel to Competitive Wisconsin and Chairman of Wood Communications Group

Registration is available through Eventbrite:

https://eventbrite.com/e/wispolitics-luncheon-future-of-the-wisconsin-economy-tickets-26037157840

Madison Club members: Please register at Eventbrite or through the front desk: reception@madisonclub.org

Registration begins at 11:30 a.m., lunch and discussion from 12-1 p.m..

Location: The Madison Club – 5 E. Wilson Street, Madison



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TOP HEADLINES

Green Bay Packers’ valuation jumps 42% to world’s 25th most-valuable sports franchise

http://bizjournals.com/milwaukee/news/2016/07/14/green-bay-packers-valuation-jumps-42-to-worlds25th.html

Mauer is new president of WEDC board of directors

http://jsonline.com/business/386883561.html

Cree to sell Wolfspeed to Infineon for $850 million cash

http://journaltimes.com/364fb406-398e-5fed-a00d-7256243bc7cd.html

GMR Marketing opens office in South Korea ahead of 2018 Olympics

http://bizjournals.com/milwaukee/news/2016/07/14/gmr-marketing-opens-office-in-south-korea-ahead-of.html

Jonco Industries opens largest rooftop solar system in Milwaukee

http://jsonline.com/business/386707241.html

Wisconsin Veterans Chamber of Commerce endorses BRAVE Act

https://biztimes.com/2016/07/14/wisconsin-veterans-chamber-of-commerce-endorses-brave-act/


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STORY TOPICS

AGRIBUSINESS ^top^

– Farmer: rbST-free milk mandate hurts

http://fdlreporter.com/story/news/2016/07/14/87073112/


CONSTRUCTION ^top^

– New equestrian center will house Milwaukee Police Department horses

http://jsonline.com/business/386861201.html

– Competing housing proposals pitched for Port Washington harbor site

http://jsonline.com/business/386828631.html

– NML says it is exceeding hiring goals on Tower and Commons project

https://biztimes.com/2016/07/14/nml-says-it-is-exceeding-hiring-goals-on-tower-and-commons-project/

– Mercantile Lofts apartment redevelopment project complete

https://biztimes.com/2016/07/14/mercantile-lofts-apartment-redevelopment-project-complete/


ECONOMY ^top^

– LADCO honors local businesses at annual Industry Appreciation Breakfast

http://lacrossetribune.com/498230cd-c86c-5861-b02a-f32a0168a5da.html

– State report cards take poverty into account

http://greenbaypressgazette.com/story/news/education/2016/07/14/86990072/


EDUCATION ^top^

– Marquette’s College of Health Sciences gets $1M donation

http://bizjournals.com/milwaukee/news/2016/07/14/marquettes-college-of-health-sciences-gets-1.html

– Marshfield school referendum could seek $12M

http://marshfieldnewsherald.com/story/news/education/2016/07/14/87075830/

– Budjac to retire as MSTC president

http://wisconsinrapidstribune.com/story/news/local/2016/07/14/87039854/

– Marquette’s VP of finance to retire in 2017

https://biztimes.com/2016/07/14/marquettes-vp-of-finance-to-retire-in-2017/


FOOD AND BEVERAGE ^top^

– See Portillo’s debut in Brookfield; popular chain eyes Greenfield, Madison locations

http://bizjournals.com/milwaukee/news/2016/07/14/see-portillos-debut-in-brookfield-popular-chain.html

– Access to food a problem in Fox Valley

http://postcrescent.com/story/news/2016/07/14/86703738/

– MillerCoors among brewers to add ingredients to beer labels

http://bizjournals.com/milwaukee/news/2016/07/14/millercoors-among-brewers-to-add-ingredients-to.html


LEGAL ^top^

– Wausau legal bills exceeding expectations

http://wausaudailyherald.com/story/news/2016/07/14/87036532/


MANAGEMENT ^top^

– Mauer elected president of WEDC board of directors

http://bizjournals.com/milwaukee/news/2016/07/14/mauer-elected-president-of-wedc-board-of-directors.htm


REAL ESTATE ^top^

– 3rd Ward’s Jennaro Brothers building to be rehabbed into offices, restaurant

http://bizjournals.com/milwaukee/blog/real_estate/2016/07/3rd-wards-jennaro-brothers-building-to-be-rehabbed.html

– Third Ward Jennaro building slated for redevelopment

https://biztimes.com/2016/07/14/third-ward-jennaro-building-slated-for-redevelopment/


RETAIL ^top^

– Royal Enfield sets date for opening of North American HQ, showroom in 3rd Ward

http://bizjournals.com/milwaukee/news/2016/07/14/royal-enfield-sets-date-for-opening-of-north.html

– Scenes from Newaukee’s Night Market in downtown Milwaukee

http://bizjournals.com/milwaukee/news/2016/07/14/scenes-from-newaukees-night-market-in-downtown.html

– Piggly Wiggly transferring ownership of Sheboygan store to franchisee

http://bizjournals.com/milwaukee/news/2016/07/14/piggly-wiggly-to-close-sheboygan-store-again.html

– Case IH Dealers to Offer Miller Nitro Sprayer Line

http://wisconsinagconnection.com/story-state.php?Id=820

– Panda Express, strip mall plans for Gasthaus site denied

https://biztimes.com/2016/07/14/panda-express-strip-mall-plans-for-gasthaus-site-denied/


SPORTS ^top^

– Kohler named general chair for 2020 Ryder Cup

http://sheboyganpress.com/story/sports/2016/07/13/87066574/


TRANSPORTATION ^top^

– Norwegian Air plans charter flights out of Milwaukee

http://jsonline.com/business/386855001.html

– CH Coakley acquires StorX and Telestar

https://biztimes.com/2016/07/14/ch-coakley-acquires-storx-and-telestar/


UTILITIES ^top^

– WPS to start natural gas line work in Manitowoc

http://htrnews.com/story/news/2016/07/14/87088884/

PRESS RELEASES ^top^

See these and other press releases:

http://wisbusiness.com/index.iml?Content=82

Ambitious Media Group: La Crosse, Wisconsin selected as a featured city in the first season of Ambitious Adventures

GSF Mortgage: Names Debbie Beier chief operating officer

Hawkpoint Technologies: Hires two account executives to assist with business growth

Midwest Food Processors Association: Commends Congress for passing GMO labeling bill

Perkins Coie: Grows environment, energy and resources practice with addition of litigation partner in Madison

Skyline Technologies: Microsoft recognizes Appleton’s Skyline Technologies

UW-Madison: Named as one of top colleges by Forbes

Wausau Homes: New Wausau Homes builder opens design studio to serve area homebuyers

WEA Trust: Launches new logo and brand

Wisconsin Bankers Association: Don’t set off alarms playing “Pokémon Go”

Wisconsin Economic Development Corporation: Board elects officers, welcomes new members

WPS Health Solutions: Dr. William Winkenwerder joins board of directors