Business Parks and Incubators
Madison and Dane County consistently rank in the top 20 metropolitan areas overall and have one of the strongest high-tech sectors in the nation. High technology is one reason for the consistent growth and development of the region's 80 commercial business parks.
MGE plays a key role in developing and supporting area business incubators, which have a track record of helping start-up, fast-growing firms succeed in the Greater Madison region.
Incubators help entrepreneurs develop homegrown businesses that add stability to the local economy. Incubators typically offer below-market lease rates plus shared equipment, on-site clerical and management assistance, and easy access to other business services.
Madison and Dane County are home to eight business incubators, with seven in Madison. These facilities house more than 105 tenants who occupy nearly a quarter million square feet of office, lab and light manufacturing space.
- The Faraday Center is a 2,800-square-foot facility for new and expanding biotech businesses.
- Laboratory Associated Businesses, Ltd., serves new and expanding biotech firms in a 23,000-square-foot facility.
- Madison Enterprise Center (MEC) offers space for new and expanding light industrial businesses. MEC also houses gallery space within an arts incubator.
- Main Street Industries serves established and expanding light industrial businesses.
- University Research Park's new Metro Innovation Center is targeting high-tech entrepreneurs and can house up to 10 office suites totaling 6,000 square feet of space in the former Marquip Building near downtown Madison.
- The MGE Innovation Center is a 117,000-square-foot facility located in University Research Park. The Center facilitates technology transfer from the University of Wisconsin to the private sector. Since 1989, the Center has provided lab and office space, support equipment and personnel to more than 60 early-stage companies. The park is an urban incubator that aims to nurture student entrepreneurs and young companies in the fields of information technology, engineering, medical devices and compute sciences.
Sector67 is a 4,000 square foot plus (includes two full garage bays) techshop / hackerspace / makerspace collaborative environment. It provides members/tenants the opportunity to work on tomorrow's technology; to build, collaborate and learn and teach about next generation devices.
- gener8tor Madison, Madison's newest tech business accelerator, offers a unique environment for information technology start-ups. Working in "teams" receiving $18,000 over a 12-week "seed" mentorship period, these teams/start-up companies work to develop product applications, customers and ultimately sales/revenues.