The 2022 Chancellor’s Entrepreneurial Achievement Awards honor innovators and University of Wisconsin-Madison alumni who advance the Idea of Wisconsin through outstanding achievement in entrepreneurship.
The four winners of this year’s awards show how the university and its alumni are leading innovation in technology and manufacturing, strengthening the local startup ecosystem, and driving economic growth in the state and around the world. all the countries.
“UW-Madison’s vibrant culture encourages innovation among faculty, staff, students, and alumni. Every day, they change lives through teaching, research, public service and entrepreneurial activities. We celebrate the outstanding achievements of four UW entrepreneurs who have created incredible value in their communities and beyond. Their work is a shining example of the Wisconsin idea,” said Chancellor Rebecca Blank.
A ceremony honoring the 2022 recipients was held March 23 at the Discovery Building. Learn about past winners of the Chancellor’s Entrepreneurial Achievement Awards, which were established over a decade ago.
Founder, CSO and CEO (retired), Stratatech Corporation
Allen-Hoffmann founded Stratatech to develop a cell-based skin graft to help treat burn victims using a unique skin cell line discovered in his lab at UW-Madison. The first woman in college to start a biotech company, her motivation for the product came after watching a burn surgeon operate on a farmer who suffered from third-degree burns and recognizing the need for alternatives to currently available treatments.
Stratatech is an example of how vital biotech research at UW-Madison is boosting the state’s economy. It was acquired by UK-based Mallinckrodt Pharmaceuticals in 2016 and remains based at University Research Park on the west side of Madison.
“It’s a rare event in science when you can see something go from being discovered in the lab to treating patients. She represents what women can do beyond what traditional roles were prescribed 20 years ago,” Cathy Rasmussen, deputy director of the Forward Bio Institute, said of Allen-Hoffmann.
President and CEO, Sub-Zero Group, Inc.
Since becoming President and CEO of Sub-Zero Group, Inc., Bakke has transformed the family business into a leading manufacturer of luxury kitchen appliances. As the third generation of the Bakke family to lead Sub-Zero, he has invested in the latest technologies and manufacturing processes, innovative cooking products and new product lines. Going forward, the company plans to continue to focus on emerging technologies, science and design.
Bakke is committed to maintaining production facilities in the United States and ensuring the best possible design and quality. Sub-Zero recently completed its Design Center, a 324,000 square foot research and development facility in Fitchburg – a $70 million project that is expected to create 100 jobs.
“Sub-Zero has grown from humble beginnings to having showrooms in over 40 countries around the world. My grandparents would be thrilled with all the success Sub-Zero has had thanks in large part to Jim,” said Debbie Schwartz, Sub-Zero board member and Bakke’s sister.
Valarie King Bailey
Founder and CEO, OnShore Technology Group
King-Bailey is the founder and CEO of OnShore Technology Group, a Chicago-based consulting firm specializing in testing computer systems used by global pharmaceutical, nutraceutical, chemical and healthcare companies. OnShore’s premier independent validation and verification software, ValidationMaster, helps life science companies comply with FDA regulatory mandates. Last year, King-Bailey led OnShore to its first inclusion on the Inc. 5000 list of America’s fastest-growing private companies by achieving 71% growth during the pandemic.
With over 40 years of international experience in life science engineering and technology, she is recognized as a pioneer in STEM fields and a leading advocate for women and underrepresented innovators in the industry. .
“Valarie had the drive and passion to grow her business, but like many diverse founders, she ran into obstacles,” said Kim Folsom, Founder, President and CEO of Founders First Capital Partners. “Less than 1% of capital goes to companies founded by African American and black founders, and much less to black women. Growing your business to the level it has is important.
Chief Operating Officer, Hardin Design & Development
Resnick is an entrepreneur, civic leader, and key player in Madison’s collaborative startup ecosystem. Along with another UW-Madison alumnus, Resnick co-founded Hardin Design & Development, where he serves as the chief operating officer and oversees business development and operations. The company creates web applications for companies such as American Family Insurance, FedEx, Coleman Campers and Mercedes-Benz. Resnick is also a senior advisor for Biobot Analytics, an early-stage MIT spin-out that was the first company in the United States to detect COVID in wastewater, and founder of Capital Entrepreneurs, a grassroots organization to connect and develop the entrepreneurial community.
Resnick was instrumental in forming StartingBlock Madison, Wisconsin’s largest community of entrepreneurs, startups, investors, accelerators, and entrepreneur support organizations.
“Scott has always been a big thinker, but the Madison environment, college and the courses he took opened his mind even more,” said the director of the law and entrepreneurship clinic. , Anne Smith, about Resnick. “He’s energized by the work he does, by the people he works with, and by taking ideas and helping people bring them to life.”