Economic Gains from Science

Posted on February 27, 2007  Comments (0)

Gaze into future for state’s economy:

For policymakers, that means: Invest in the state’s educational system, especially the University of Wisconsin System, and use tax policy to encourage investors to supply the money to make business ideas grow.

TomoTherapy, 10 years old, already employs 500 people. Co-founded by two UW-Madison professors, it was financially backed by investment groups in Madison, Milwaukee and California. The next step may be to follow Madison-area high-tech businesses Third Wave and Sonic Foundry into the public stock market.

GenTel, employing 17, started at University Research Park, has moved to Fitchburg and plans to open an office in North Carolina. The company has found additional financing from investors, including groups in Madison and Appleton. Aruna sprouted from brainpower and research at the University of Georgia, but it licenses human em bryonic stem cell technology from the Wisconsin Alumni Research Foundation. Because UW-Madison is a hotbed of stem cell research, moving its jobs and income to Wisconsin would make sense.

Related: Engineering the Future EconomyReplicating Silicon ValleyEducational Institutions Economic ImpactScience and Engineering in Global Economics

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