Scale Up Milwaukee

Scale Up Milwaukee accepting applications for 2nd class of entrepreneurial training program

From BizTimes
Published August 18, 2014

Scale Up Milwaukee, a multi-stakeholder effort helping support entrepreneurs at all stages to grow their ventures by stimulating a strong regional entrepreneurship ecosystem, today announced it is accepting applications for the second class of its Scalerator program – training designed to teach ambitious, local companies how to maximize their growth potential.

Following the success of the pilot program that saw 12 diverse Milwaukee ventures accelerate growth by close to 25 percent, the second Scalerator will comprise a larger group of ventures and will take place over a six-month period during which participants will take a deep dive into topics like sales and marketing, entrepreneurial finance, organizational structure and human resources. The Scalerator will systematically work with regional investors, banks, universities, and public sector stakeholders, to support the growth in various ways.

“Over the last year, we’ve confirmed that this region is filled with growth-minded businesses that have enormous potential to scale and ultimately boost the Milwaukee community,” said Daniel Isenberg, Professor of Entrepreneurship Practice at Babson Executive Education and architect and facilitator of Scale Up Milwaukee efforts. “We’re looking forward to working with a new group of ambitious entrepreneurs and equipping them with practical skills that they can use to rapidly accelerate their growth.”

Interested businesses should have a strong ambition to grow and a scalable business model with annual revenues between $500,000 and $5 million. Businesses should also have an established leadership team that holds significant ownership of the company. Applications are available online.

See the full article here.

Milwaukee brews new approach to entrepreneurship

From Allvoices
Published  April 23, 2014

When it comes to employers in Wisconsin’s largest city, Milwaukee, the old-school health care sector reigns supreme. So you couldn’t be blamed if Milwaukee didn’t pop into your mind as an entrepreneurial hub. A new initiative in Milwaukee is aiming to change that mindset by “scaling up” the city’s entrepreneurs — in health care or any other sector.

Last year, Milwaukee became the first US community to develop an entrepreneurship program based on a model created by Daniel Isenberg, founding executive director of the Babson Entrepreneurship Ecosystem Project. According to its website, the Isenberg-architected Scale Up Milwaukee project is designed to bulk up Milwaukee’s entrepreneurial activity “by bringing together the policies, structures, programs and climate that foster entrepreneurship.”

To read more, please click here.

Scale Up Milwaukee, Aided by $350K From WEDC, Aims to Prove Itself

From Xconomy
Published March 12, 2014

State officials are pouring a lot more cash into Scale Up Milwaukee, the entrepreneurship program that tests a college professor’s theories by helping existing businesses push for more rapid growth.

For its second year, Scale Up is getting $350,000 from the Wisconsin Economic Development Corp., officials told Xconomy. That represents a big increase in support from the state’s lead economic development agency, which contributed just $50,000 in Scale Up’s first year.

Scale Up is also getting a second grant from American Express Open, said Brian Schupper, policy director for the Greater Milwaukee Committee, the local nonprofit organization overseeing Scale Up. The size of the American Express donation has not been disclosed publicly.

To read the full article, please click here.

The goal: More inventive energy in Milwaukee

From the Milwaukee Journal Sentinel
Published  March 8, 2014

By Julia Taylor and Brian Schupper

Imagine 60 new scale-ups — high-velocity growth companies — in the greater Milwaukee region by 2020. Imagine increasing the number of new jobs every year as each of these companies grows annually by at least 20%. Imagine the impact of that growth on our region’s tax base and overall increase in wealth.

Now, imagine a culture that embraces entrepreneurship — not just start-ups but any company that is driven by an overwhelming ambition to grow, regardless of industry. As Harvard Business Review recently put it, “Equating ‘entrepreneurship’ with ‘start-up’ is not wrong; it is just very incomplete. … Scale-up means growth, and growth means jobs, wealth, and tax revenues.”

This is the vision of Scale-Up Milwaukee, a multi-stakeholder initiative focused on helping entrepreneurs grow their existing ventures by stimulating a strong regional entrepreneurship ecosystem. With our key partners — the University of Wisconsin-Milwaukee, Milwaukee Economic Development Corp., Mayor Tom Barrett’s office, Wisconsin Economic Development Corp., Wisconsin Housing & Economic Development Authority and American Express OPEN — the Greater Milwaukee Committee is demonstrating the massive benefits that will accrue to the region as we systematize and accelerate high-velocity growth.

Read the full editorial here.

Secrets from the Scalerator: How Three Businesses Scaled Up Fast

From Yahoo Small Business
Published February 21, 2014

Leaders in Milwaukee began an initiative last year to spur economic growth by helping businesses in the region learn how to scale up. The payoffs are already coming and other metro regions ripe for revival are taking note.

Yahoo Small Business reported here last year about the Rust Belt city’s “entrepreneurship ecosystem project” called Scale Up Milwaukee. Led by Babson College entrepreneurship professor Daniel Isenberg, the program has support from the Greater Milwaukee Committee, the Wisconsin Economic Development Corporation, and the University of Wisconsin-Milwaukee, as well as funding from AmericanExpress OPEN for Enterprise: Coalitions for High-Growth Entrepreneurship. The AmEx program aims to foster high-growth entrepreneurship by giving select communities, starting with Milwaukee, the right resources and tools for a better entrepreneurial environment.

Read up on the secrets here.

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