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Viewpoints: New Wisconsin Investment Fund will be noticed beyond state borders

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Viewpoints: New Wisconsin Investment Fund will be noticed beyond state borders







Tom Still

Among the first news outlets to pick up on the recent unveiling of the $100 million Wisconsin Investment Fund were two outside of the state – the Seattle Post-Intelligencer in Washington state and U.S. News & World Report. Both ran an Associated Press story on the news within hours.

As I mentioned to those who gathered at Madison’s Forward BIOLABS for the announcement by Gov. Tony Evers and others, that’s a big reason why the public-private fund is not an end in the state’s journey to build a more vibrant technology economy, but a new and significant beginning.

Like 49 other states, Wisconsin received money through the U.S. Treasury’s State Small Business Credit Initiative, which was authorized by the American Rescue Plan Act. Each state was free to tailor its program to a large degree, and Wisconsin chose to put nearly two-thirds of its allotment into a fund that would require private venture capital firms to match the SSBCI money, dollar-for-dollar.

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The result is the biggest single public-private venture capital initiative in Wisconsin’s history, and a breakthrough that builds on what came before it.

Fourteen venture firms bid with the Wisconsin Economic Development Corp. to be a part of the program and five have been selected so far; a sixth private fund participant is pending. The first five, with a total of $45 million in state commitments, are:

  • HealthX Ventures, Madison, $15 million. HealthX invests largely in the digital health sector but also in other health care innovations.
  • Venture Investors LLC, Madison, $12 million. Venture Investors invests primarily in health care innovation, such as therapeutics, medical devices, health IT and diagnostics.
  • Serra Ventures, Champaign, Ill., $7 million. Serra Ventures invests nationally, especially in the agriculture and food technology space. Some past Serra investments have been in Wisconsin companies.
  • NVNG, Madison, $6 million. NVNG (short for “nothing ventured, nothing gained”) invests broadly in Wisconsin tech sectors including health.
  • Idea Fund of La Crosse, $5 million. Part of the Badger Fund of Funds network, the Idea Fund of La Crosse invests broadly in the Upper Midwest in sectors such as information technology, health IT, data analytics, supply chain, agriculture, manufacturing and financial services.

The mix reflects the overall goal of the fund, which is to build on existing and emerging technology startups, but also to move beyond the traditional research hubs to find companies and entrepreneurs in underserved places.

That’s one reason why Serra Ventures is in the mix, because it’s familiar with spotting strong deals in the agriculture and food tech space (24 current portfolio companies) and has plenty of sales or other “exits” to demonstrate market knowledge.

Another focus will be bio-health, which has long been a Wisconsin tech strength in regions such as Madison and Milwaukee, but increasingly in cities such as Eau Claire. Last year, the U.S. Economic Development Agency recognized Wisconsin as a “regional technology hub” for personalized medicine and related technologies. That could make the state eligible for up to $75 million in federal funding to accelerate growth.

While the announcement was made by Democrat Evers, it’s worth noting that Wisconsin’s efforts to build a stronger tech-based economy have been bipartisan for decades.

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The enactment of investor tax credits in 2005 was led by the late state Sen. Ted Kanavas, R-Brookfield, and then-Commerce Secretary Cory Nettles, an appointee of Democratic Gov. Jim Doyle. The creation of the Badger Fund of Funds in 2013 came during the tenure of then-Gov. Scott Walker with help from both sides of the aisle in the Legislature. Changes to both the investor tax credit program (Qualified New Business Venture credits, also administered through WEDC) and the Badger fund in recent years have also required bipartisan agreement.

Within the Legislature itself, the bipartisan and informal Tech Caucus has both Republican and Democratic leaders and members, further demonstrating that economic growth need not be a partisan squabble.

The $100 million Wisconsin Investment Fund comes with no guarantees, as most young companies fail in time. Those that succeed, however, often do so on a scale that spreads prosperity well beyond company walls. Investors outside Wisconsin will notice this initiative – and perhaps bring their own expertise and money to bear.

Tom Still is president of the Wisconsin Technology Council.



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Sugar River EMS receives grant from Only in Wisconsin Giving

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Sugar River EMS receives grant from Only in Wisconsin Giving


MADISON, Wis. (WMTV) – Sugar River Emergency Medical Services (EMS) received a $20,000 grant from Only in Wisconsin Giving on Thursday.

“This is an exciting time both for our region and state, and a real ability to show what happens when communities work together,” Sugar River EMS Chief Chris Backes said. “We think what we’ve built in partnership here is a model for what’s possible to improve rural emergency medical care.”

Only in Wisconsin Giving is the philanthropic area of the New Glarus Brewing Company.

The grant will help the department purchase a new cardiac monitor defibrillator for a brand-new ambulance that will be in use this summer.

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“Only in Wisconsin Giving has taken great pride in providing grants to all the first responders in our area for many, many years,” President of Only in Wisconsin Giving Scott May said. “From police and EMS, to the volunteer firefighters in our area, ensuring folks in rural areas are covered is something that is very important to us.”

Sugar River EMS is a collaboration between seven municipalities serving over 10,000 people in northern Green and Dane Counties.

Click here to download the WMTV15 News app or our WMTV15 First Alert weather app.

Copyright 2026 WMTV. All rights reserved.



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WI Rapids’ Safe Haven Baby Box has been purchased. What happens next?

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WI Rapids’ Safe Haven Baby Box has been purchased. What happens next?



A Safe Haven Baby Box has been purchased for Wisconsin Rapids. The next step is choosing the best alarm system for the project before it can be installed.

WISCONSIN RAPIDS − The city is close to having a Safe Haven Baby Box installed to help protect babies who are unwanted or unable to be cared for by their parents.

Volunteers have raised $35,000 for the Safe Haven Baby Box project and spent about $17,000 to pay for the box. The remainder will help to cover the cost of an alarm system and installation of the box in Wisconsin Rapids’ Fire Station 2, 1641 W. Grand Ave.

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Safe Haven Baby Boxes are secure, temperature-controlled, ventilated boxes that provide a place to anonymously put a newborn baby the mother can not or does not want to keep.

The project currently is waiting on the selection of an alarm system, said Linda Casper, who has led the efforts to get a Baby Box. Wisconsin Rapids Fire Chief Benjamin Goodreau is researching what system would be the best and most cost effective, Casper said. The alarm will alert the Wood County Communications Center when the box is opened. A delayed alarm then sounds after the baby is placed in the box and it is closed. The second alarm is delayed to allow the person dropping off the baby time to leave the area, Casper said.

Casper said she learned about the Baby Box when she was reading a newsletter from a state organization she and her husband belong to and found an article about the Safe Haven Baby Box. Casper thought it was a good idea for Wisconsin Rapids and contacted Wisconsin Rapids City Council member Jeff Penzkover about it. After discussions about a location that would work for the Baby Box, it was decided to place it at Wisconsin Rapids Fire Station 2.

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Once the alarm system is chosen, Altmann Construction will begin the process of installing the box, Casper said. The installation will require removing bricks from the outside wall of the fire station. Before the box can be put into service, the firefighters and some members of the Wood County Sheriff’s Office will have to be trained on the correct protocols for handling a baby being left in the box, Casper said. Fire Department administration also will have to adjust the protocols to fit the department, she said.

Since the efforts to get a Baby Box in Wisconsin Rapids have become known, Casper has been getting phone calls from people in other communities, including Marshfield and Wausau, who want to know how she got the project going.

How you can help

Although the initial cost of the Baby Box is covered, Casper and the other people who have worked to bring the lifesaving device to Wisconsin Rapids still are working on raising more money. The box will need to be inspected each year by Safe Haven and the alarm system will have a monthly fee, Casper said. She hopes to raise enough to cover the costs for years to come.

People interested in helping can send donations to: Sts. Peter and Paul Catholic Church, 1150 Second St. N., Wisconsin Rapids, WI 54494. Please put “SHBB,” for Safe Haven Baby Box, on the memo line so church staff know where the money should go.

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Contact Karen Madden at kmadden@gannett.com. Follow her on Twitter @KMadden715, Instagram @kmadden715 or Facebook at www.facebook.com/karen.madden.33.



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Wisconsin Football’s Transfer Class Surges in Updated Rankings

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Wisconsin Football’s Transfer Class Surges in Updated Rankings


Spring practice has wrapped up across the country, and college football has officially entered its quiet period of summer doldrums.

However, the mass influx of new intel on transfers gleaned from spring ball means top recruiting sites 247Sports and On3/Rivals have updated their national transfer portal rankings, and the Badgers’ class has gained more respect from both services since the initial transfer boom in the winter.

Wisconsin’s 2026 transfer haul currently checks in at No. 15 in the country on On3/Rivals, up slightly from its perch at No. 18 this winter. That’s good enough for third in the Big Ten behind UCLA (No. 11) and Indiana (No. 1).

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247Sports sees the Badgers’ class a little differently; they’ve awarded Wisconsin with the No. 38-ranked class in the nation. That checks in at ninth in the Big Ten. Still, the outlet has bumped its individual ratings for several of the Badgers’ incoming transfers.

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After initially not having signed a four-star transfer portal prospect in the eyes of 247Sports, the site has bumped quarterback Colton Joseph, running back Abu Sama and safety Marvin Burks Jr. to four-star transfer prospects, giving the Badgers three blue-chip portal players. Center Austin Kawecki was also bumped to a high three-star portal prospect.

On3, meanwhile, sees Wisconsin with just one four-star portal prospect in the Iowa State transfer tailback Sama.

It’s interesting to note that On3’s transfer portal grading system evaluates all of Wisconsin’s portal movement, additions and departures combined. 247Sports’ system is less additive and only evaluates teams based on how it ranks their newcomers.

Why it matters

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New Wisconsin running back Abu Sama III. | Nirmalendu Majumdar/Ames Tribune / USA TODAY NETWORK via Imagn Images

In this day and age, programs have no choice but to deftly navigate the transfer portal if they want any shot at success. That doesn’t always mean you need to add over 30 signees, like Wisconsin did, but it’s a good sign that the Badgers are gaining recognition for one of the most important aspects of roster building.

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Wisconsin is going to be a team largely fueled by mercenaries this season. I’d expect the vast majority of the Badgers’ production, especially on offense where new faces at quarterback, running back, tight end and receiver figure to dominate reps.

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The Badgers still have a solid core of home-grown players, namely their two studs at inside linebacker and a handful of key cogs along the offensive line. After all, they rank 35th nationally in returning production; the cupboard isn’t entirely bare.

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