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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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Top 100 Prospect Visiting Wisconsin on Wednesday

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Top 100 Prospect Visiting Wisconsin on Wednesday


Badger Blitz Basketball Recruiting

Cole Kelly (Mick Walker/LR)
Cole Kelly (Mick Walker/LR)



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How Decelise Champion’s early arrival impacts Wisconsin volleyball

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How Decelise Champion’s early arrival impacts Wisconsin volleyball


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  • Decelise Champion, a star volleyball recruit from Puerto Rico, has reclassified and will join the Wisconsin Badgers in 2026 instead of 2027.
  • Wisconsin coach Kelly Sheffield praised Champion’s potential, which is “as high as about anybody we’ve ever brought in.”
  • Champion will join a competitive group of pin-hitters on the 2026 roster after her Puerto Rico senior national team commitments conclude.

MADISON – Kelly Sheffield has coached All-Americans, national players of the year, national champions and future Olympians in his 13 years as Wisconsin volleyball coach.

So Sheffield’s unique praise of Decelise Champion – a star pin-hitter from Puerto Rico who committed to the Badgers last fall – carries a lot of weight.

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“Her highest-end potential is certainly as high as about anybody we’ve ever brought in,” Sheffield said. “She’s got a lot of work to get to where she’s capable of, and that’s on us as coaches and on her to help reach those dreams and goals. But when you’re watching people around her age, she’s different.”

That work is beginning earlier than initially expected after Wisconsin announced that Champion will reclassify from the 2027 recruiting class and join the Badgers as a freshman for the 2026 season.

Champion – currently 16 years old and turning 17 in September – will arrive with a resume that includes experience on Puerto Rico’s senior national team and the elite Italian club Volleyro Casal de Pazzi. That’s all while being strong enough academically to earn a GED degree and the necessary NCAA waiver for a few missing core classes.

“What made it really a lot better is that all of her grades at the different schools she’s been at have been fantastic,” Sheffield said. “She’s an excellent student. Was crushing it at a really, really good academic school in Italy in her third language.”

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The timing of the June 12 announcement accounted for the second-last open roster spot for the 2026 season, but Champion and UW’s efforts to make the reclassification possible go back much earlier than that.

“We’ve known she’s wanted to do this since February,” Sheffield said. “We told our team in February that was the plan. And then we didn’t let anybody know publicly until she was done with her season. She just didn’t want to be a distraction for her team.”

Badgers have even more competition at pins

Wisconsin already had plenty of competition at the pin-hitting positions before Champion’s move to the 2026 class.

Grace Egan had a major role on the 2025 Final Four team, and Eva Travis had an impressive spring after transferring from UC-Santa Barbara. Others include Grace Lopez, Madison Quest and the highly-touted freshman duo of Halle Thompson and Audrey Flanagan.

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Even with the upcoming addition of one more pin-hitter – and one with such a high potential – UW did not lose any players in the spring transfer portal cycle. Even the idea of someone leaving seemed outlandish to Sheffield.

“If they’re just going to get up and leave because somebody came, I would say that that person is probably chicken s—,” Sheffield said.

Sheffield’s praise of Champion’s proposal obviously does not come with a guarantee of playing time either at the crowded pin-hitting positions.

“I would say, yeah, she does have a chance of being out on the court for us this year,” Sheffield said. “But we’ve also got some other really talented people that play the pins.”

The outside and right-side hitters already on UW’s spring roster will have at least one key advantage over Champion in her freshman season – time.

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Egan, Lopez and Quest are returning players (although Egan and Lopez spent their spring recovering from injuries). Travis, Thompson and Flanagan all enrolled in time to spend the spring with the Badgers and impressed in UW’s spring matches.

Champion’s arrival, on the other hand, will follow her participation in an Olympic-qualifying event for Puerto Rico. Sheffield expects that to be Sept. 2, which is the day before fall classes begin and already after UW’s first four matches of the season.

“She’ll be drinking out of a fire hose early on, no doubt about it,” Sheffield said. “Even though she’s been playing with her senior national team this summer, it will be a lot of things coming at her in her secondary language at 16, so there’ll need to be some patience along the way.”

His advice to Champion when she was on campus earlier in June was to “be where your feet are.”

“When she’s with her national team – even though we will have started our preseason, playing matches – don’t worry about us here,” Sheffield said. “Be where your feet are. Be the best you can be for your team there. … Then when you get here, you’re not thinking about your national team.”

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Champion’s NCAA eligibility clock starts earlier

Champion’s reclassification comes with the drawback of beginning her NCAA eligibility one year earlier in her volleyball career.

Had she stayed in the 2027 recruiting class, she theoretically would have begun her college career shortly before her 18th birthday and exhausted her eligibility at age 22. Instead, she will begin her college career shortly before her 17th birthday and likely exhaust her eligibility at age 21.

Those scenarios take into account the NCAA Division I Cabinet’s unanimous approval on June 23 of a new eligibility model that will give players five seasons of eligibility in five years. (That replaces the current system with four seasons, redshirts and other waivers.) The NCAA noted that its decision is not final, however, until the meeting concludes on June 24.

“We’re certainly excited to have her this year, but if you kind of think over the course of five years, it’s probably worse for us that she comes a year early,” Sheffield said. “You expect her to be better at 20 and 21 than what she is at 16 or 17. … It really wasn’t something that we were pushing for, but she was ready.”

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Of course, volleyball at age 16 or 17 looks different for someone like Champion who has been competing against much older players as a senior national team member and studying halfway across the world from her hometown of Dorado, Puerto Rico.

“When you talk to her, she doesn’t come across as somebody who’s 16,” Sheffield said. “She’s very mature, very easy to talk to, very driven. She’s independent. … She’s had a lot more life experience than most people her age, and that certainly comes across when you’re around her.”



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Cult-classic filmed in central Wisconsin returns to big screen, with enhancements, this weekend

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Cult-classic filmed in central Wisconsin returns to big screen, with enhancements, this weekend


STEVENS POINT, Wis. (WSAW) – A giant spider isn’t actually invading central Wisconsin this weekend.

But an enhanced, big-screen version of the cult-classic 1975 film The Giant Spider Invasion is crawling back into local theaters — and it’s bringing some central Wisconsin nostalgia with it.

The movie was famously filmed in Merrill and Stevens Point, and the updated 2026 release adds enhancements designed for a modern theatrical experience.

What’s new in the 2026 enhanced version?

Executive Producer J.B. Thompson says the team took the original 1975 film and enhanced it for the big screen in 2026, giving audiences a refreshed way to experience a movie that’s long been a Wisconsin oddity — and a point of pride.

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Actor and Producer Dan Davies is featured in newly filmed scenes created specifically for this updated release.

Stevens Point’s role in the original film

While much of the film is associated with Merrill, Stevens Point Mayor Mike Wiza says Point also played a major role in the production — another reason the film’s return matters to local history buffs and movie fans alike.

Why does this movie still capture attention 50 years later?

Whether it’s the over-the-top creature feature story, the uniquely Wisconsin filming locations, or the nostalgia of seeing familiar places on screen, the group says the film’s staying power is real — even five decades later.

Screenings this weekend

The enhanced version of The Giant Spider Invasion is set for local screenings this weekend in Central and North Central Wisconsin. To purchase tickets for showings in Stevens Point, Marshfield or Waupaca, click here.

Click here to download the WSAW news app or WSAW First Alert weather app.

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Click here to submit a news tip or story idea.

Copyright 2026 WSAW. All rights reserved.



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