Harley, Gener8tor, Allergy Amulet & More: This Week’s WI Watchlist
(Page 2 of 2)
display manufacturing plant in southeastern Wisconsin, said it plans to form a $100 million early-stage venture capital fund with three other organizations that have a large footprint in the state. Advocate Aurora Health, Johnson Controls (NYSE: JCI), and Northwestern Mutual will join Foxconn in contributing $25 million apiece to the fund, which will invest in startups headquartered throughout the U.S. and in other countries, Foxconn said.
—Separately, Foxconn announced a $100 million gift to the University of Wisconsin-Madison that will allow the school to build a new interdisciplinary research center on its engineering campus. UW-Madison and Foxconn also said they plan to establish a science and technology research institute. It will be headquartered near Foxconn’s manufacturing campus in Mount Pleasant, but will have a secondary location in Madison, the university said.
—Madison-based Phoenix, which develops and sells neutron generators to organizations in industries ranging from aerospace to healthcare to renewable energy, later this year plans to begin constructing new manufacturing and office buildings at a site the company intends to make its future headquarters. The building site is in Fitchburg, a few miles south of the buildings currently occupied by Phoenix’s 91-person team.