Investment in Forward BIOLABS Paying Off for Bioscience Startups
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MADISON, Wis., Feb. 18, 2021 /PRNewswire/ Forward BIOLABS, a co-working life science lab that helps bioscience startups grow, is celebrating early successes and honoring the companies that support the organization.
While business incubators are not uncommon, Forward BIOLABS boosts support by providing laboratory equipment and staff to manage safety, training, and other lab operations for entrepreneurs to reduce their initial investment expenses.
Currently, 16 startups are utilizing the Forward BIOLABS space, and five have graduated to continue growing their companies in their own spaces.
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Sen. Brad Pfaff (D-Onalaska): It wasn t an easy year for any of us. Not for our families, our communities, our small businesses, and those who are going to school, Pfaff said. Governor Evers recognizes the fact that we are strong people, we are resilient people, we are hard-working people, and we are going to get through this. Wisconsin is going to come out the other side of this pandemic stronger than ever. This budget recognizes the need of our s state. I believe this budget will help to build for the future.
Sen. Patrick Testin (R-Stevens Point): Well I think one of the big take-aways is the fact that Governor Tony Evers is going to make significant investments into the Wisconsin Economic Development Corporation. This is an agency that the governor campaigned on but now realizes its vital importance, especially in the wake of the actions of his administration that shut down our economy, Sen. Testin said. It is great to see the governor work on getting some crucial suppo
MADISON, Wis. (WKBT) Wisconsin Gov. Tony Evers introduces his 2021-23 Budget Message virtually this year. In the speech, he discussed ways for the state to bounce back from the COVID-19 pandemic and invest in the Wisconsin Economic Development Corporation.
“Our Badger Bounce Back agenda makes a larger state investment into the WEDC than the last three budgets combined,” Evers said. “We’re going to put $200 million into helping small businesses affected by the pandemic, including helping them retain and rehire the jobs they’ve lost. And we know that if we want to come out on the other side of this pandemic stronger than ever, we need to commit to investing in innovation and economic growth, too. That’s why we’re also going to invest $100 million into a venture capital program to jumpstart innovation and startups in Wisconsin.”