$2 million seed fund will aid UW students wanting to start a bus - WKOW 27: Madison, WI Breaking News, Weather and Sports

$2 million seed fund will aid UW students wanting to start a business

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MADISON (WKOW) -- A new $2 million seed fund will give Wisconsin college students the opportunity to start their own business.

The UW System and the Wisconsin Economic Development Corporation are joining forces to create the fund.

The announcement of aid to aspiring entrepreneurs was announced Thursday. Each applicant will be eligible to receive up to $75,000. Educators say students across the state have unique business proposals.

"It will help determine if it is a viable product and there will be a lot of failures, you wanna fail quickly. So you say 'Oh no that's not gonna work,' but in those failures, often there are new ideas that emerge or variation of the original idea... which makes that very attractive," said incoming UW System President Ray Cross.

Any UW System student or staff member will eligible to apply for a grant. Applications will be accepted beginning in March.
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