Scale Up Milwaukee

An Entrepreneurship Ecosystem Project


Scale Up Milwaukee Becomes a Model for Helping Established Firms Grow Resources for small companies tend to focus on startups, but businesses that are fully established face their own set of issues as they work to move on to the next phase. Scale Up Milwaukee was created to provide networking opportunities, a unique accelerator program and other resources specifically targeting growing businesses and the external factors that impact them. As it enters its third year, Scale Up Milwaukee is already making a noticeable impact on the economy in Southeast Wisconsin. The 27 companies that have participated in its Scalerator program have created more than 200 jobs as a result of strategies spurred by the experience. They have also increased their aggregate revenue from $65 million to $95 million. These companies are on track to hit 200 jobs created within the first year after completing the program. With the addition of 18 new companies in the third Scalerator cohort, Scale Up Milwaukee projects directly impacting over $200 million in revenue and a commensurate increase in job creation. Read more...

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For the month of February, Scale Up Milwaukee will host an observer from the Danish Business Authority’s Ministry of Business and Growth. Søren Boutrup is a highly regarded administrator and speaker having delivered talks in 13 countries. He has also taught entrepreneurship at The University of Copenhagen and at 25 other schools where he’s been heavily involved in developing curriculum. Søren manages an innovative program to prevent the collapse of companies facing a crisis called Early Warning. Due to the effectiveness of the initiative, the European Commission has decided to expand the program to four other countries in 2016. The Danish Business Authority has asked to embed Søren in Scale Up Milwaukee to learn how to replicate our impact in their country. Help us in welcoming our guest as we continue showing the world the impact of Scale Up Milwaukee. Søren Boutrup Entrepreneurial Bureaucrat and Chief Advisor Danish Business Authority Ministry of Business and Growth    ...

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I recently read an important study on company scale up, a meta-analysis of many studies in a variety of countries, looking at the relationship between entrepreneurs’ expectations for their upcoming growth, and their actual growth. The conclusion: actual subsequent growth (revenues) is predicted by intentions or expectations of growth, in particular when the motivation of the entrepreneurs is to generate wealth, that is, be successful as a business (as opposed to becoming one’s own boss). In other words, those entrepreneurs who want to and expect to scale up, have a higher probability of scaling up. We just happened to have completed a mid-term survey of our current Scalers in the Scalerator program. To remind you, these are 18 companies with combined revenues of about $100 million, and median revenues of about $5 million. They started Scalerator3 in October 2015, and will finish in March 2016. 33% of the Scalers expect to have increased their run rate by 25% or higher by the end of the Scalerator. 72% expect to increase their run rate by 25% or more by the end of 2016. The qualitative feedback we are getting from the Scalers is that the program is exceptionally helpful. Given the fact that expectations of scale up predict actual scale up, this is an indication that Scale Up Milwaukee continues to be on the right track....

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Scale Up Milwaukee and Innovation in Milwaukee (MiKE) invite you to join us for a night with Dr. Elaine Eisenman, Dean of Executive Education at Babson College, presenting Entrepreneurial Leadership: Developing Peak Performance. Coaching is an effective tool for motivating teams to achieve great outcomes. Elaine will discuss how to use coaching and feedback to navigate tough decisions and build strong teams. Register now, as space is...

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Scale Up Milwaukee  is more than the programs and events we host. Scale Up Milwaukee is a movement to foster a growth obsessed and enabled region. Our success is predicated on a shift in the entrepreneurial mindset of business owners and the ecosystem stakeholders that  support and encourage growth. This TED talk describes the work of making an idea,  and the activity connected, catch...

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Scale Up Milwaukee and StartUp Milwaukee present an important conversation on financing/bootstrapping for growth.  Join us for a candid conversation about financing the expansion of  your business. Effective cash flow management is vital for a business to survive and grow. Learn how to avoid common pitfalls and how to use cash to fuel your venture from Kevin Mulcahy, Babson professor and tech company founder. WHEN: Wednesday, November 18, 2015 from 6:00 PM to 7:30 PM (CST) – Add to Calendar WHERE:  Ward 4, 333 N Plankinton, 2nd Floor, Milwaukee, WI – View Map RSVP...

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We are proud to announce the participants of their third Scalerator Program. Once again Scale Up Milwaukee will convene business owners from seven counties companies representing a diverse array of industries and sectors ranging from metal fabrication to gourmet cookies.  Scale Up Milwaukee is scaling up. With 17 companies in the new cohort, this class is larger than last year’s 15. The economic impact of the Scalerator has activity has also increased. Scalerator 3 represents more than $90 million of economic activity. “We are excited to focus on taking our company to the next level…” Kristin Marek, President Marek Landscaping   AccuTrans, Inc., Milwaukee, WI   www.Accutransmke.com   AMC of Wisconsin, Inc., Fond du Lac, WI www.amccountetops.com   American Exchanger Services, Inc. (AM-EX), Hartford, WI http://www.AM-EX.com   Armstrong General Contracting, LLC, Milwaukee, WI www.armstronggc.com   Behr Enterprises LLC, Milwaukee, WI www.behr-ent.com   C2, Milwaukee, WI www.c2gps.com   Comcentia, Mequon, WI www.comcentia.com   Compo Steel Products, Milwaukee, WI www.composteel.com   Corporate Valuation Advisors, Inc., Hartland, WI www.corporatevaluationadvisors.com   Doering Fleet Management, Brookfield, WI www.doeringfleetmanagement.com   Gross Automation, LLC, Brookfield, WI www.grossautomation.com   Hurt Electric Inc, Menomonee Falls, WI www.HurtElectric.com   Mandel Company, Glendale, WI www.mandelcompany.com   Marek Landscaping, LLC, Milwaukee, WI www.mareklandscaping.com   Nikki’s Cookies, Inc., St. Francis, WI www.nikki’scookies.com   RSP, Inc. Milwaukee, WI www.rspinc.com   Superior Equipment & Supply co, Brookfield, WI http://www.superiorequipmentsupplies.com   Telkonet, Waukesha, WI www.telkonet.com   ZMac Transportation Solutions LLC, Racine, WI www.ZMactransport.com...

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Overview REGISTER NOW Regional economic development remains an elusive objective for most public and private leaders around the world. What is becoming apparent to many is that the accepted strategies – attracting investment, providing financial incentives, encouraging startups, subsidizing small businesses – have all yielded disappointing, if any, results. A recent report, for example, showed that New York’s startup initiative spent $28 million but created only 76 jobs in two years. This is just one example of many. Nevertheless, we also know that successfully growing companies, entrepreneurial ventures of all sizes, ages and sectors can play a unique and catalytic role in stimulating regional growth. The question is, how to bring this general observation into systematic, replicable methods for stimulating entrepreneurship driven programs that deliver real results? This webinar will highlight two very different regions that are successfully turning entrepreneurship into an economic engine for growth: Milwaukee, Wisconsin and Manizales, Colombia. Key elements of their success include: ​New strategies for developing robust and sustainable entrepreneurship ecosystems Action planning for identifying and activating the entrepreneurship stakeholders A keen understanding the nature of entrepreneurship and the entrepreneurial mindset Participants will leave the webinar with several practical principles for starting growth-driven project in their regions. Additionally, this session will provide a preview of Babson’s Driving Economic Growth Through Entrepreneurship Ecosystems three-day program, running on campus from February 29 – March 2, 2016. About the Presenter Daniel Isenberg is Professor of Entrepreneurship Practice at Babson Executive and Enterprise Education. Since 1981 Daniel has taught at Harvard, Columbia, INSEAD, and the Technion, and has been an entrepreneur and venture capitalist in Israel, and has been an angel investor in over ten countries. Daniel is a frequent participant at Davos and the G20 and blogs for HBR, Huffington Post and others. In 2009 Daniel established the Babson Entrepreneurship Ecosystem Project (BEEP) to help societies around the world create the policies, structures, programs, and climate that foster entrepreneurship. In this capacity, he has conducted projects in numerous countries, including Colombia, Brazil, Denmark, Canada, and the United States. Daniel has published several seminal articles in the Harvard Business Review, including “Entrepreneurs and the Cult of Failure,” “How to Start an Entrepreneurial Revolution,” and “The Global Entrepreneur.” He is also the author of the Harvard Business Review Press book, Worthless, Impossible, and Stupid: How Contrarian Entrepreneurs Create and Capture Extraordinary Value. Daniel holds the Ph.D. in social psychology from Harvard University. ​​​ REGISTER...

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Scale Up Milwaukee is about helping our region’s companies grow. It’s also about ensuring the region’s environment is equipped to embrace and enable growth. In short – to initiate culture change. Getting the word out there about the importance of growth and how to facilitate it is a significant component of the Scale Up initiative. In that regard, we’ve been quite busy. Here’s a quote from an email Dan Isenberg sent last month: “I presented over the weekend to city leaders of various kinds from Louisville, Boston, LA/Riverside, Wellington NZ, DC, Denver, and so on. The interest in Scale Up is tangible, and they all have a somewhat different view of Milwaukee now as being out in the lead at least as far as climate for growth. Similarly at the EC – I met with all of the entrepreneurship policy makers for Europe, and many of them understand that Scale Up is missing and needed.” It’s not “just” national and international recognition. In September, Brian Schupper, the director of Scale Up Milwaukee, and steering council member, Ugo Nwagbaraocha spoke at the Rotary Club of Milwaukee about growth entrepreneurship and Scale Up Milwaukee. Listen to a podcast of the event here. Also, Lt. Governor Kleefisch has become a champion of Scale Up Milwaukee, including visiting the Scalerator and planning a “mini-mission” of elected officials in the next few months to see Scale Up Milwaukee in action. She also invited us to present one of three breakout sessions at the Wisconsin Small Business Summit last...

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Scale Up Milwaukee partner, WWBIC, hosts a monthly event for business professionals and entrepreneurs to network, learn, and develop. Strong Women, Strong Coffee features successful woman entrepreneurs and executives but is open to everyone. The next event on November 5, presents Meg Boyle, Co-owner, VP & CFO of Paul Davis Restoration. Date: November 5, 2015 Time: 7:30am – 9:00am Cost: $10.00 Location: WWBIC Milwaukee  1533 N RiverCenter Dr, Milwaukee, WI 53212 Registration is required. Tickets are $10. Register here. Click here to download a copy of the Strong Women, Strong Coffee...

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