OnKöl, VC Ranking, & Stem Cells
Summary
—Leaders of organizations in Madison’s innovation community said the city has made progress in building an entrepreneurial ecosystem that can attract talent and investment, the Wisconsin State Journal reported.However, leaders said a $250 million budget cut to the University of Wisconsin system—part of the state’s latest biennial budget—could do harm to the UW-Madison, where many ideas that have become successful startups were originated and incubated.The post includes an accompanying video that shows heart muscle cells “beating” in unison, similar to what I observed last year at a lab run by Cellular Dynamics International, which is also in Madison.—In other private equity news, the Milwaukee-based firm Mason Wells raised a fourth fund worth $615 million and named Tom Smith CEO and president, the Milwaukee Journal Sentinel reported.—Mequon-based iDAvatars, which develops online patient engagement software, announced a partnership with Swaive, a Santa Clara, CA-based maker of a smart ear thermometer.
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