Small Business Incubators
Business incubators are proven tools for economic development. They encourage the creation of jobs and wealth within an area. Incubators accelerate the development of successful entrepreneurial companies by providing practical assistance and a variety of business and technical support services. Incubators help to support the success of start-up and expanding small businesses by providing flexible affordable space, shared services, technical assistance and resource matching.
MGE INNOVATION CENTER
The MGE Innovation Center is a collaboration of the University Research Park and Madison Gas & Electric to facilitate the transfer of technology from the University of Wisconsin-Madison to the private sector. Since 1989, the Center has provided laboratory and office space as well as support equipment and personnel to nearly fifty early stage companies. In March 1999, the Innovation Center moved into a 65,000 square foot, state-of-the-art facility located at 505 S. Rosa Road and in June 2001, a 51,000 square foot addition opened. The entire facility houses 35 office suites, 40 laboratories, 9 conference rooms, as well as a shared shop facility, laboratory and commons area.
MADISON ENTERPRISE CENTER
Madison Enterprise Center (MEC) is a small-business incubator for new and expanding light industrial businesses. MEC provides low-cost space, shared business services, and technical assistance. MEC is located at 100 South Baldwin, in a historic building that once housed the Giddings and Lewis pattern shop.
MAIN STREET INDUSTRIES
Main Street Industries (MSI) is a light industrial facility for established and expanding businesses. Housed in the newly remodeled Greyhound building at 931 East Main Street, MSI offers small business owners a uniquely supportive business environment. Tenants have access to shared services and on-site technical assistance.
Sector 67 attracts individuals with common interests in computers, technology and engineering to come in and use industrial tools and equipment to build their own projects--turning ideas into prototypes.
URBAN TECH CATALYST
UTC will offer maximum flexibility for the space needs of new enterprises, and will include shared office equipment and other facilities. It will also provide strategic alliances with private investors and professional service firms to make capital funding and business management expertise readily available to the emerging companies locating within the facility. This business development effort will focus on information technology, although biotech and other high-tech enterprises will be admitted if they do not require comprehensive lab facilities.
T.E.C. INCUBATOR CENTER
The T.E.C. Incubator Center is a unique public/private partnership between Madison Area Technical College and McAllen Properties. It provides high quality incubator space on the east side of Madison for new and emerging technology-focused businesses, firms engaged in government contracting or subcontracting, and technical support firms that deliver specialized services to the growing technology industry. T.E.C. stands for Technology, Education and Commerce. The T.E.C. Incubator Center's main goal is to bring these three elements together in an environment that offers start-up companies enhanced opportunities to become established and grow within the Madison area.
UW-MADISON STUDENT BUSINESS INCUBATOR
The Student Business Incubator will help undergraduate and graduate student entrepreneurs develop their own business. By facilitating hands-on learning and exploration in a supportive environment, the Incubator will help students turn their passion into a reality, while, benefiting campus and furthering UW-Madison's mission of applied learning.
Gener8tor provides an environment for information technology start-ups. These teams/start-up companies receive $18,000 over a 12 week period and work to develop product applications, customers and ultimately sales/revenues.
THE METRO INNOVATION CENTER
The Metro Innovation Center is targeting high-tech entrepreneurs and can house up to 10 office suites, totaling 6,000 sq ft of space, in the former Marquip Building near downtown Madison on East Washington Ave.