As construction kicked off on the first building at Innovation Campus this week, Michael R. Lovell, chancellor of the University of Wisconsin-Milwaukee (UWM), announced a $2 million gift from the Wisconsin Energy 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.
“After years of thoughtful planning, it’s exciting to see Innovation Campus begin to take shape,” said Gale E. Klappa, chairman, president and chief executive officer of Wisconsin Energy Corporation and co-chair of the Milwaukee 7 regional economic development initiative. “As the accelerator building’s name suggests, this initiative will speed the pace of growth in the area, and I’m confident this will be the first of many positive developments at Innovation Campus.”
“Through their support, the Wisconsin Energy Foundation has demonstrated that they share our belief that Innovation Campus will make the maximum impact on this region,” said Chancellor Lovell. “On behalf of our university, I offer my deep thanks for their contributions.”
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, academic and nonprofit 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.