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March 27, 2020
Dear readers, |
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“Crossing the coronavirus chasm: Tips from investors for the COVID-19 era”
Individual and corporate members of the Wisconsin Technology Council may register now for a 10 a.m. Wednesday, April 1, online seminar with two of the state’s veteran early stage investors, Tim Keane of the Golden Angels Network and John Neis of Venture Investors. Keane and Neis will talk about what leaders of emerging companies should know as they look to complete term sheets already in the pipeline, seek follow-on funding, and when (or if) to pursue an initial round of financing in today’s climate.
There are limited “seats” in the Zoom meeting. Current members of the Tech Council and its programs, the Tech Council Innovation Network and the Tech Council Investor Networks, may email julie@wisconsintechnologycouncil.com to reserve a spot. Meeting log-in credentials and other guidelines for the hour-long session will be sent by prior to the event.
The Tech Council is pleased to produce this seminar for its members in Wisconsin and beyond.
Thanks to Old National Bank for sponsoring the event.
To join the Tech Council, click here or contact Angela Schlobohm at angela@wisconsintechnologycouncil.com.
Stay tuned for announcements about virtual Tech Council webinars on COVID-19 issues of interest to our members and others.
Sincerely,
Tom Still, president
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- WEDC Small Business 2020 Program: Assistance will be available to Wisconsin-based Community Development Financial Institutions (CDFIs) List of All 23 CDFIs in Wisconsin to provide grants to their existing loan clients to help mitigate business-related cash flow issues in response to the Covid-19 outbreak. Approved CDFIs will make program grants (up to $20,000) available to for-profit businesses meeting the following: criteria: Current loan recipient in good standing as of 3/1/20 with the approved CDFI (or its collaborating CDFIs);20 or fewer PT/FT employees; Greater than $0 but less than $2 million in annual revenues; and, preference should be given to service and retail businesses
- Gov. Evers’ office has launched a statewide COVID-19 website that aggregates information and resources throughout state government.
- The Wisconsin Department of Workforce Development produced this helpful Frequently Asked Questions document.
- WEDC has compiled a comprehensive overview of their resources along with state and federal resources to assist Wisconsin citizens aimed at maintaining the viability of the companies upon which our economy depends.
- Report any scams or price gouging to Wisconsin Department of Justice: If you suspect fraud or a scam, Attorney General Kaul suggests filing a complaint online at datcp.wi.gov.
- Small Business Administration (SBA) has guidance for businesses, and is offering low-interest Economic Injury Disaster Loans (EIDLs) for businesses and non-profits impacted by coronavirus
- Centers for Disease Control: Coronavirus latest updates
- Wisconsin Department of Health Services: COVID-19 Outbreaks in Wisconsin
- The FDIC has provided guidance to banking institutions and consumers affected by COVID-19 and encouraged financial institutions to work constructively with borrowers and customers in affected communities.
- The Department of Labor has issued guidance on the Families First Coronavirus Response Act: Employer Paid Leave Requirements.
- NIST Manufacturing Extension Partnership (MEP) centers are providing services to small- and medium-sized manufacturers such as connecting businesses that are pivoting their production in response to the coronavirus to new supply chains, connecting firms with state resources, advising companies on new operational issues, and providing workforce support.
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Move to online schools offers students chance to enter ‘Wisconsin YES!’ business plan contest
The closing of schools across Wisconsin due to the COVID-19 epidemic means teachers and students will pursue instruction opportunities online in the coming weeks. One useful tool readily available for middle- and high-school students is the Wisconsin Youth Entrepreneurs in Science, or Wisconsin YES!, contest. Public, private and home-schooled students across Wisconsin are eligible to turn their science- and tech-related ideas into business plans and compete for cash and prizes. This free, statewide youth business plan contest is modeled after the successful Governor’s Business Plan Contest. It is open for online entries from Wisconsin middle- and high-school students through 5 p.m. April 13, 2020. The contest begins with a 250-word summary submitted through WisconsinYES.com.
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| 2020 Nominations Now Open: As the world is learning how to cope with the COVID-19 pandemic and uncertainty seems to be everywhere, we want to continue to recognize the innovation that is all around us. We are all searching for something to look forward to, and for us that is celebrating all of the innovative products, services, and ideas that are happening throughout Wisconsin.
The Wisconsin Innovation Awards are now accepting nominations for innovations in every sector from around Wisconsin. Nominate great ideas by answering a few simple questions or apply yourself! Find more information on the Wisconsin Innovation Awards here.
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GET INVOLVED:
Tech Council Innovation Network membership:
Experience for yourself why the Innovation Network has been a Tech Council tradition for over a decade. With more than two dozen events annually, you'll expand your network while learning from top-notch speakers. When you become a member, your membership applies to all chapters, statewide. With a variety of membership types to choose from, you and/or your company will be sure to find a membership that fits your business goals. Join today!
Need help finding the membership level right for you?
Please contact Angela Schlobohm, development & member relations director:
angela@wisconsintechnologycouncil.com or 608-442-7557.
Tech Council Investor Networks membership:
Your $750 Investor Networks membership entitles you to one free pass to our two major conferences (Entrepreneurs' Conference and Early Stage Symposium), as well as regular Tech Council Innovation Network events.
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