BIO 2010 Scholarships
In 2009, Thrive, the economic development enterprise for the eight-county Madison, Wisconsin USA region, developed a scholarship program to help regional biotech companies attend key business development events at the BIO International Convention. This year, Thrive partnered with BioForward, the City of Madison, UW-Madison CIBER, and Alliant Energy to increase the amount of funding available to biotech businesses. This year’s Small Business Scholarship Program was designed to help small Wisconsin biotech companies in medical, agriculture, energy, or other sectors, including medical devices, to participate in the convention’s One-on-One Partnering or company presentation forums. Companies that have participated in these events in the past have noted these opportunities as some of the most valuable aspects of their BIO experience. In an event the scale of BIO – with over 1,700 exhibitors – the ability to target and connect face-to-face with potential partners is a true opportunity. One 2009 grant recipient scheduled 27 one-on-one meetings at BIO, and remains in contact or has contracts with 15 of those companies today.
This year, 10 Wisconsin biotech companies were awarded scholarships of $1,100 each out of this grant partnership. Nine of those 10 companies are located in the eight-county Madison Region. The region’s recipients are:
- C5-6 Technologies (Middleton) — Develops and commercializes solutions for the conversion of agricultural and forestry feedstocks into five carbon and six carbon sugars, high value chemicals, food products and fuels.
- CellCura (Madison) — Dedicated to the development of novel equipment and products for use in Assisted Reproductive Technologies and Stem Cell Research. Products from CellCura will improve safety and efficiency in both clinical and research environments.
- Echometrix (Madison) — Early-stage developer of proprietary ultrasound technology that offers a new, quantitative approach to the assessment of tendon, ligament and muscle pathology.
- InvivoSciences (McFarland / Wauwatosa) — Researches and develops engineered, tissue-based assays that mimic human and animal functions. The high-throughput system and ready-to-use tissues grown in a three-dimensional (3D) environment are predictive and cost-effective.
- Intense Engineering (Madison) — Helps dynamic companies in the medical and biotechnology fields by providing expert design and engineering services for technology development and product line advancement.
- Neoclone (Madison) — Develops monoclonal antibodies for research and diagnostic applications and has a research program for making human therapeutics.
- Primorigen (Madison) — Develops innovative, low cost protein and cell biology research products to speed development of new regenerative medicines and other therapeutics for conditions such as diabetes.
- Quintessence Biosciences (Madison) – A private biopharmaceutical company developing anticancer compounds that attack a new target, the RNA in cancer cells. The company has a drug called QBI-139 in a Phase I clinical trial.
- Vatrix Medical (Fitchburg) –A medical technology company focused on developing less invasive and more complete methods to diagnose and treat the root causes of aneurysmal disease.
Madison Region at BIO 2010
For the past two years, Thrive has collaborated with partners – the cities of Fitchburg, Madison, and Middleton, along with Alliant Energy and Madison Gas & Electric – to establish a regional presence and promote the region’s biotech assets to the world at BIO. That partnership continues this year, where Thrive and our partners will staff a booth in the Wisconsin Pavilion and connect with an international audience. Find Thrive and the Madison Region at BIO 2010 in the Wisconsin Pavilion, Booth 4107
Julia Hatton, Thrive Project Director