15 Nov New firm to help companies land federal dollars
Madison, Wis. – Securing venture investments, commercializing technologies from academic research centers, and building innovative companies in Wisconsin will not readily occur until businesses are able to tap deeper into federal government dollars.
This is the premise behind a new government relations venture created by a collaboration between the Wisconsin lobbying firm The Hamilton Consulting Group and the national economic development agency GSP Consulting.
The new venture, hamilton.gsp, will focus on maximizing public sector funding opportunities for the bioscience, information technology, and manufacturing industries in Wisconsin.
If successful, the group will help the state access the $360 billion in research, development, and technology procurement that the U.S. federal government grants annually.
“Wisconsin is one of the most robust and fastest-growing technology hotbeds in the country, but emerging companies here haven’t secured the level of government funding that their counterparts in other states have,” John Dick, principal and co-founder of GSP, said in a statement.
GSP Consulting represents more than 100 companies and has secured more than $400 million in government funding for bioscience and advanced manufacturing companies, non-profits, economic development organizations, and universities. Hamilton Consulting represents more than 30 organizations, many of which are in the technology, manufacturing, and economic development sectors.
The new venture, formed after a year of national market research and due diligence on 30 metropolitan areas, will provide public-sector funding services, advocate for technology-related public policy, and assist in the development of economic development initiatives on behalf of its clients.
Mark Bugher, director of the University Research Park, said hamilton.gsp’s strategy to accelerate the formation and growth of new companies by leveraging private funding with public-sector funding should pay dividends for the state’s “innovation economy.”
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