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Date set for Wisconsin Early Stage Symposium
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Conference to be held Oct. 30-31 in Madison
Companies preparing to compete for private equity
capital at the state, regional or national level should
attend the second annual Wisconsin Early Stage
Symposium, Oct. 30-31 at Madison’s Monona
Terrace
Convention Center.
Up to 60 early-stage companies from Wisconsin and
the Upper Midwest will be professionally “coached”
by venture and service professionals, as well as
veteran company executives with stories to tell. The
symposium will also feature the return of
the “Elevator Pitch Olympics,” a 2005 conference hit
that allows brief investor presentations for selected
companies from all technology sectors.
Companies wishing to participate in
VentureQuest or the Elevator
Pitch Olympics can apply online here.
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Wisconsin Governor's Business Plan Contest stepping stone for firms seeking investment
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Three past contestants receive funding in August 2006 alone
Now entering its fourth year as one of the country’s
premier business plan contests, the mission of the
Wisconsin Governor's Business Plan Contest
(BPC) is to encourage entrepreneurs in the creation,
start-up and early-growth stages of high-tech
businesses in Wisconsin.
Since 2004, more than 700 entries have
been received, contestants have been awarded more
than $500,000 in seed capital and services, nearly 60
percent of the finalists received financing since
participating, and the top two place-winners from
the 2005 contest alone, Mithridion and AquaSensors,
have since attracted nearly $2 million in private
equity financing.
Add to that list of accomplishments two completed
rounds of financing worth more than $1 million and
the announcement that one firm has been awarded
two federal research grants. That’s the latest news
from Nerites,
NovaScan LLC and Mithridion, all
former BPC
contestants and all recipients of financing in August
2006.
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Peak Ridge Capital Group unveils Wisconsin, Midwest venture fund
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Fund’s affiliations with Wipfli LLP and Foley & Lardner also announced
Peak
Ridge Capital Group has announced an early-
stage fund that will emphasize investments in life
sciences and information technology in Wisconsin and
surrounding Midwest states.
Avolte Venture Partners Midwest, which will
expand
its office in Madison, is a Sector Fund of the Peak
Ridge Capital Group Inc. Peak Ridge is a Boston
firm recently formed through the
merger of Avolte
LLC, a boutique investment firm focusing on early-
stage investments, and a prominent international
private equity group.
The fund is strictly targeting investments in
Wisconsin and the Midwest and expects to make
initial investments in the $1 million to $3 million range
while averaging between two and three deals per
year during the fund’s investment phase. It is further
expected that about half of its investments will
involve life science firms, with the rest in information
technology.
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Did you know? Fast facts about Wisconsin's high-tech economy
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- FierceBiotech.
com, a national bio-technology e-
newsletter, identified Wisconsin as one of five
regions in the world with the most aggressive
initiatives to attract biotech companies. The other
four were California, Massachusetts, Singapore and
New Jersey.
- According to a report issued by the American Electronics
Association, (AeA) Wisconsin ranks third in the
nation in electromedical equipment manufacturing
employment with 6,400 jobs.
- Also according to the AeA, high-tech workers in
Wisconsin earned an average wage of $56,000, or 64
percent more than Wisconsin’s average private
sector
wage.
- In 2005, the National Institutes of
Health (NIH) ranked the Medical College of
Wisconsin 45th among the nation's medical schools
for NIH research funding amounting to $87.3
million.
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Understanding that high-tech communities around
Wisconsin have needs unique to the geographic
regions in which they are located, WIN strives to
tailor its meetings, conferences and workshops
accordingly.
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