June is a month during which some long-term
projects conclude -- and others begin. The Tech
Council is working on its
annual Wisconsin Portfolio, a look at
historical and
current risk capital metrics. The Governor's
Business
Plan Contest finished with the grand finale
presentations by the top 12 finalists. The
annual Entrepreneurs' Conference drew 403
entrepreneurs, investors and professionals to
Milwaukee. In addition, WAN
hosted John May, often called the "father of
angel
networks," in meetings with Wisconsin investment
groups. May conducted workshops
on due diligence. State government's biennial
budget was signed into law, and the tech
economy remained a priority. And the Tech Council
will help bring the MidAmerica Healthcare Venture
Forum to Madison in November. More information
on the events
along with this
month's "Deals made" below.
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Due Diligence Workshops and John May in Wisconsin
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During the week of June 22, WAN and partners
organized several investor-educational programs
featuring John May, managing partner of the New
Vantage
Group in Vienna, Va. During his visit John conducted
two training workshops, one in
Madison
and another in Superior, on due diligence.
He
also
met with
Silicon
Pastures, an angel network based in Milwaukee, and
entrepreneurs from the Lake Superior region.
In
Madison,
more than 30 investors, tech transfer professionals
and others came together to network and learn more
about launching and funding university start-ups. The
event was co-organized with the Midwest Research
University Network (MRUN) and lead sponsor the
law firm of Whyte
Hirschboeck Dudek S.C. Follow this
link to more information on the event.
In Superior, 15
investors and
professionals participated in the hands-on due
diligence
workshop
organized by the Lake
Superior Angel Network (LSAN) and partners. Follow
this
link to more information on the workshop.
Prior to the workshop, John May met with 10 Lake
Superior region entrepreneurs to discuss how to
attract angel investors to start-ups.
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Wrap-up: 2009 Wisconsin Entrepreneurs' Conference
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The Entrepreneurs' Conference is one of the
Midwest's premier networking and hands-on events
for entrepreneurs. Business leaders, investors and
others made connections as they learned how to
crack into today's emerging markets. More than 400
people attended the two-day event held June 9-10,
which by all
accounts exceeded expectations. To learn more
about what happened at the conference, follow this link.
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Wrap-up: 2009 Governor's Business Plan Contest
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The sixth annual Wisconsin Governor's Business
Plan Contest culminated with the live judging of the
12 finalists' presentations on June 9 in
Milwaukee. Vying for more than $200,000 in cash and
prizes, the finalists made their pitches to the judges
and an audience of 160 people during the 2009
Entrepreneurs' Conference. Read more on the event and
this
year's winners.
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MidAmerica Healthcare Venture Forum
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The MidAmerica Healthcare Venture Forum will be
held Nov. 10-12 at Monona Terrace in Madison,
side-by-side with the Wisconsin Early Stage
Symposium.
This is one of the nation's largest regional platforms
to showcase healthcare start-ups and emerging
growth companies, and will attract more than 200
private equity investors from 14 states to Madison.
Read more on the event or register by following this link.
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State Budget Signed
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Contains incentives to boost entrepreneurial and tech-based economy
The biennial state budget signed into law Monday by
Gov. Jim Doyle builds on recent efforts to enhance
Wisconsin's tech-based economy through targeted
tax credits, investments in core research projects and
other incentives for companies and entrepreneurs.
A number of the ideas were rooted in
recommendations by the non-partisan Wisconsin
Technology Council in its "white paper" reports to the
governor and the Legislature. The most recent report
was issued in late 2008.
Read more here.
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Deals, Acquisitions and Exits
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ProCertus BioPharm, Inc., $2.1 million by
Venture Investors*, Novartis Venture Fund and
others.
*WAN investor-member
Other investment news:
Virent Energy Systems awarded the EPA
Presidential
Green Chemistry Challenge Award, read more.
Nerites received a $99,990 federal grant, read more.
Exact Sciences Corporation received a $1
million loan
from the Department of Commerce, read more.
Integrated Genomics, Inc. received a
$250,000 loan from the Department of Commerce, read
more.
etrials acquired by Merge Healthcare, read
more.
Are we missing a deal or other news?
Please e-mail us at
info@wisconsinangelnetwork.com.
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