by John Torinus via BizTimes
The accelerated pace of startup activity in the M7 region provides a golden opportunity for the University of Wisconsin-Milwaukee to rebrand itself as an E-University – E for Entrepreneur.
Unlike UW-Madison, a major player in an academic R&D in the world, UWM has the major advantage of being in the middle of Wisconsin’s powerful business community. Much of the state’s horsepower in business resides in the M7 region. That is an enormous resource.
The M7 reservoir of business acumen shows up in many ways:
• The deal flow for startups is robust, often from entrepreneurs jumping out of major corporations in the region.
• Their business plans are close to fully baked, as opposed to those ginned up by researchers. The M7 entrepreneurs, often middle age, know what business is all about.
• Mentors for the new ventures are readily available from the ranks of experienced business leaders.
• A growing cadre of angel investors is stepping into the startup game. An example is the recent creation of a $10 million early stage fund by a prominent local Milwaukeean.
Read the rest at BizTimes: Milwaukee.