The University of Wisconsin-Madison announced in a press release Tuesday it will partner with the Wisconsin Alumni Research Foundation to develop campus entrepreneurship and utilize collaboration to bring innovative ideas to fruition.
WARF is a university entity that allows UW-Madison alumni to do research and patent their inventions through the university.
Discovery to Product, or D2P, will help “cultivate a culture of entrepreneurship” among students, faculty and staff, according to the release. D2P would utilize startups and licensing agreements with established companies to increase the number of new ideas that make it to the market.
The university and WARF will each provide $1.6 million to fund the partnership, the release said.
UW-Madison provost Paul DeLuca, who initiated the effort, said in the release, “We have an incredibly productive and creative faculty, and we want to make it far easier for them to take good ideas from their research and transform them into Wisconsin companies and jobs.”
