Wisconsin attempting to lure MN startup
Mark Reilly
Staff writer
Biotech startup Excorp Medical Inc., which recently moved to Minneapolis, now might move on to Madison, Wis., a possible setback to Minnesota's efforts to build the sector.
Excorp, which is developing a bioartificial liver system, is pursuing a "competitive" proposal from Wisconsin to establish production facilities in that state. It could wind up putting its headquarters and other administrative facilities there as well. In total, those operations could employ 200 people in the next few years, if Excorp's plans go well.
CEO Dan Miller said the company isn't turning its back on the Twin Cities. It plans to keep its research and technology operations in Minneapolis' biotech zone, where it has a 10-year lease and expects to employ 20 people or so by year's end.
