Frequently Asked Questions
Q: Who is the Innovation Foundation of Western Wisconsin?
The Innovation Foundation of Western Wisconsin (IFWW) is a charitable non-profit organization focused on growing the local economy by fostering the formation of innovation-based companies. To ensure success, the IFWW works directly with entrepreneurs, innovators and businesses at critical points in the product and business development life-cycles to help them grow their businesses. These critical times are when many clients fall short of their goals due to lack of resources such as capital, time, business knowledge and relationships. IFWW works with these clients to identify potential roadblocks to bringing their products to market. Once a client’s needs are identified, the IFWW can provide assistance to help clients reach their highest potential.
Q: How is Western Wisconsin Defined?
The Innovation Foundation serves the entrepreneurial and business communities in western Wisconsin, but has no defined service boundaries. The IFWW will most often work with businesses located or seeking to locate in and around the cities of Abbotsford, Arcadia, Baldwin, Barron, Black River Falls, Chippewa Falls, Eau Claire, Hudson, Ladysmith, Menomonie, Mondovi, Neillsville, New Richmond, Rice Lake, River Falls and Stanley.
Q: What role does the Innovation Foundation of Western Wisconsin play?
The IFWW is focused on providing guidance and expertise to innovators, entrepreneurs and businesses wishing to launch a new product or expand into a new product line. By providing timely assistance from experienced professionals, the IFWW will help grow innovation based businesses and increase the success rate of our clients.
Q: What type of companies does the Innovation Foundation of Western Wisconsin work with?
The Innovation Foundation will work with entrepreneurs who fit into the following description:
- An innovative and protectable product or service offering
- A large addressable market
- Leadership who are flexible and committed to growth
- An exit plan for investors in the business
- Located or willing to locate in Western Wisconsin
Q: Why should you choose to work with the Innovation Foundation of Western Wisconsin?
The Innovation Foundation can help to accelerate the development process by connecting you with industry professionals, educational resources, business services to get your project moving forward. The IFWW will assist clients with navigating these services and developing an efficient and effective work plan, while also considering available financial resources.