A highlight of the UW-Madison’s School of Business for the past 18 years, a notice on the contest’s website says “due to budgetary constraints,” the Burrill competition is being “suspended.”
“The impact of the Burrill Business Plan Competition on the local community is hard to understate,” said Joe Kirgues, co-founder of the gener8tor startup accelerator and a finalist judge for the Burrill the past two years.
“I was really surprised to hear they decided to cancel it,” said Chris Meyer, co-founder of the Sector67 maker space. “It was crucially important in terms of getting my business started.”
The Burrill contest has produced some noteworthy winners.
They include Virent Energy Systems, a Madison biofuel company collaborating on alternative fuels with Royal Dutch Shell and on recyclable, plant-based plastic bottles with The Coca-Cola Co., and EatStreet, formerly BadgerBites, a Madison company offering mobile restaurant food delivery.
“We are disappointed to learn there will not be more opportunities for companies like these to receive the resources and advantages made available to them through the Burrill (competition),” Kirgues said.
Little positive about this announcement: just not sure if this is about Wisconsin politics or the actual value of the competition? We will stayed tuned to see what happens next.