BizStarts Milwaukee's Dan Steininger was recently quoted in a Milwaukee Journal story on the University of Wisconsin-Milwaukee's growth plan and its role in creating start-ups and spinoffs. UWM has seen a major increase in research funding during Santiago's six years as chancellor. Outside research grants to UWM, mainly from the federal government, increased 31% in five years, from $24.8 million in 2004 to $32.6 million in 2009.
That's creating the basis for more start-up businesses, spun off from university research, said Dan Steininger, vice president of BizStarts Milwaukee, a nonprofit mentoring group for entrepreneurs, and co-director of Successful Entrepreneur Investors LLC, a network of business start-up investors. Those new companies, in emerging industries, are badly needed to replace job losses throughout southeastern Wisconsin, he said. "The region has so much riding on this," Steininger said.