Five southeastern Wisconsin small businesses have been awarded grants from the Ideadvance Seed Fund.
Established in 2014 by the UW System Center for Technology Commercialization and the Wisconsin Economic Development Corp., Ideadvance funds the entrepreneurial efforts of UW System staff, faculty, students and alumni, excluding the University of Wisconsin-Madison. To qualify for the grants, entrepreneurs must show “significant progress toward a scalable, profitable business model.”
The grants are given in two stages, and also come with mentorship on bringing the ideas to market. There were nine total businesses awarded statewide.