New business accelerator, Madworks, takes off

madworks accelerator

New business accelerator, Madworks, takes off

By Judy Newman, Wisconsin State Journal

Eleven young companies will get a heap of business advice this summer as participants in a new, 10-week business accelerator program in Madison.

Madworks at Campus, which will launch next week, was developed by the UW-Madison Law School’s Law & Entrepreneurship Clinic, with help from University Research Park and the Wisconsin Economic Development Corp.

Anne Smith and Eric Englund started the law clinic in 2009 to offer legal services to start-ups. “And it became obvious to us that they needed more,” Smith said. So, with Madison serial entrepreneur Terry Sivesind, Smith and Englund set up Madworks.

Smith said the accelerator took a cue from D2P, the UW’s Discovery to Product program aimed at moving lab discoveries toward commercialization. “We feel we’re the next step,” she said.

Madworks sought applicants for two weeks, and nearly 70 teams applied, mostly from the Madison area. Read more …