UWM re-aims its research
State money will be used to bring new businesses, outside funding
By JOHN SCHMID and MEGAN TWOHEY
Posted: Jan. 12, 2006
The University of Wisconsin-Milwaukee is overhauling the way it allocates state funding for research, with the goal of creating more accountability and entrepreneurship within its ranks.
UWM Chancellor Carlos Santiago said the new Research Growth Initiative is the university's main strategy to boost its annual research budget from $39 million now to more than $100 million within 10 years.
"We've never done this before," said Santiago, who was hired in 2004 to reverse the school's declining research stature and upgrade its role as an economic catalyst for the region. Santiago says he wants to emulate top-ranked technology schools in cities such as Atlanta, Boston and San Francisco that routinely produce entrepreneurs and commercial applications.
"You'll see, hopefully, more patents, more disclosures, more start-ups," he said.