Just as construction kicks off on the first building at Innovation Campus this week, Michael R. Lovell, chancellor of the University of Wisconsin-Milwaukee (UWM), today announced a $1 million gift from the Richard and Ethel Herzfeld Foundation that will help grow the university’s novel research park.
Innovation Campus, a place where business and industry meet academic research to launch intellectual property for the new century, is adjacent to the Milwaukee Regional Medical Center to allow collaboration among industry, research and medicine.
“Innovation Campus brings together a stellar team of scientists, engineers, administrators, faculty and students from UWM, the Medical College and the Milwaukee Regional Medical Center to interact with each other and industry to solve problems and create new technologies,” said F. William Haberman, president of the Herzfeld Foundation Board of Directors. “We are convinced the campus will improve the health and quality of life of our citizens, add to our knowledge, attract and retain creative talent, and spark economic development in our region and elsewhere.”
“Through its support, the Herzfeld Foundation has demonstrated a shared belief that Innovation Campus will make the maximum impact on this region,” said Lovell. “On behalf of our university, I offer my deep thanks for its contribution.”
Innovation Campus not only offers technology transfer and business incubation services, but incorporates the university’s research enterprise directly into the development of a private-sector park. This powerful combination of industry, academia and nonprofit research organizations working in true partnership at the same location will attract industry to the region and stimulate new “spinout” companies.
In addition to work on the university’s Innovation Accelerator building, funded in part by a $5.4 million federal grant, construction of the regional headquarters of ABB Inc., the first private development at the site, is also under way.
ABB and developer Zilber Property Group announced in January plans to develop a 95,000-square-foot building at Innovation Campus. Slated to be completed next year, the building will house 350 employees, including 100 engineers and scientists.