Just as construction kicked off on the first building at Innovation Campus this week, Michael R. Lovell, chancellor of the University of Wisconsin-Milwaukee (UWM), has announced a $2 million gift from Michael J. Cudahy 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.
“One of the basics I think is that you try and give back to help others, and you use your knowledge to do that,” said Cudahy.
“Through his support, Michael Cudahy has demonstrated that he shares 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 his contribution.”
Innovation Campus not only offers technology transfer and business incubation services, but incorporates the university’s academic 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.