University of Wisconsin-Milwaukee will launch a new business innovation incubator this fall to help prepare 10 startups for angel and venture capital funding.

The incubator was formed through a partnership between UWM and local angel investing group Milwaukee Venture Partners Inc., said Matthew Friedel, senior lecturer in UWM’s School of Information Studies and director of the new incubator.

“Most entrepreneurs who are creating their business (and) who are really passionate don’t do it for the money, they do it to solve a problem or create a solution for their customer,” said Friedel, who is also co-founder of Milwaukee Venture Partners. “I’m doing this because I want to help those teams out and progress.”

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