Subject: 08.12.2020 New North Newsletter

New North Inc. would like to thank Bergstrom Automotive for their support as a Founding level investor in 2020.

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Innovation: A pathway out of the pandemic’s economic crush
Spectrum News 1
Five months into the coronavirus pandemic, state economic leaders are formulating ways to move Wisconsin’s economy forward.

Developing new ideas, products and services is expected to be one of the drivers of the recovery.

In one word: Innovation.

“We’ve just gone through an incredible change, so taking that momentum from that is really important,” says Missy Hughes, chief executive officer of the Wisconsin Economic Development Corp. “That’s why we advocate for supporting innovation, it’s going to help keep the momentum....

Wisconsin’s largest technology and entrepreneurship festival kicks off this week
Forward Fest, Wisconsin’s largest technology and entrepreneurship festival, kicks off later this week, with more than 40 events happening Aug. 13-20. Although some of this year’s events are happening in-person in the greater Madison area, the majority will be available online, many for free.

Since the inaugural event in 2010, the festival has grown to attract more than 5,000 “business folks, nerds, social impact innovators, foodies, hackers, entrepreneurs, creatives, problem-solvers, community supporters and....

Native American business owners in Wisconsin were on the rise. Will the pandemic set them back?
Milwaukee Journal Sentinel
Brian Holmes' construction business is doing all right for now. It's next year he's worried about.

His company, B&D Contractors, was being considered for projects that are now in limbo, the coronavirus pandemic casting a cloud of uncertainty over the economy.

"I'm thinking it has to do with COVID-19 that developers are a little skittish right now," he said.

His New Berlin-based company was going to work on historic windows for the redevelopment of the Milwaukee Athletic Club downtown, a project that....

Jewelers Mutual Group launches transformational Zing platform for jewelry industry
Jewelers Mutual Group a provider of unique products and services to jewelers and consumers, launched the ZingTM platform, created to drive the $76.7 billion jewelry industry into the future (BEA). The Zing platform empowers jewelers, manufacturers, wholesalers, and others to conduct business digitally. It simplifies processes and offers free access to everyone, leveling the playing field for jewelry businesses of all...

Milwaukee’s Sift Healthcare raises $2.8M to expand AI-based payment platform (Winnebago Seed Fund of Neenah involved)
Sift Healthcare, the Milwaukee startup that uses artificial intelligence to analyze health care billing payments, has raised $2.8 million to expand its data science and data engineering teams.

Of the capital raise, which closed in July, $1.87 million came in new equity dollars from Wisconsin-based venture funds Rock River Capital Partners, which is based in Madison, and Winnebago Seed Fund. Winnebago Seed Fund, of Neenah, led Sift's $1 million round of funding in...

Amcor Flexibles Core R&D receives Responsible Innovation letter from Association of Plastic Recyclers for its high heat resistance film
Resource Recycling, Inc.
Amcor, one of the world’s largest packaging companies, developed a film that matches the heat resistance of oriented PET but can still be recycled in PE film streams.

The multi-layer material is one a number of recent packaging innovations to receive recyclability recognitions. In the U.S., the Association of Plastic Recyclers (APR) issued recyclability letters to Amcor for the high-heat-resistance film and to Avery Dennison for its BOPP pressure-sensitive label (APR owns Resource Recycling, Inc., which...

Investors must be intentional with underrepresented entrepreneurs
In 2019, U.S.-based companies raised about $136.5 billion across more than 10,700 deals, according to the National Venture Capital Association and PitchBook, a Seattle organization that monitors private equity and venture capital. Of that deal flow, however, about 10% went to people of color, women and LGBT founders combined.

In Wisconsin, startups raised $454.3 million in venture capital in 2019, the highest amount ever, but with 22% of those dollars going to women-led or women-owned businesses, which is in line with national averages of between 20% and 25%, according to the Wisconsin Technology Council. Only 34% of the overall investment capital in...

New North Summit set for March 11, 2021, at Lambeau Field
Entrepreneur and social change maker Tim Moore to be keynote of
region’s largest economic-development event

New North, Inc. Press Release
The annual New North Summit will be held Thursday, March 11, 2021, at the Lambeau Field Atrium in Green Bay. The event is moving from its usual December timeframe to a Spring date this year due to the COVID-19 pandemic.

“While we all have adapted to virtual networking, it is our goal to bring back in person connections that Summit attendees have come to expect. Our theme, ‘Playbook for Recovery – the Rules of the Game Have Changed,’ will provide conversations among private-sector and community leaders on how we are rebuilding our regional economy,” says Barb LaMue, president and CEO of New North Inc.
New North is a proud partner of the We're All In Initiative #WeAreAllIn

COVID-19 Updates & Resources
As the COVID-19 begins to have an increased impact on our businesses and communities, we thank our local media for keeping us informed. Additional resources can be found on the COVID-19 Updates page on the New North website.

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