The Wisconsin Economic Development Corporation and the Wisconsin Technology Innovation Initiative (Wi2) announced this week a $1 million seed fund to support commercialization of medical technology developed by the University of Wisconsin School of Medicine and Public Health.

“Wisconsin’s university system has a strong history of pioneering research and patent development resulting in advancements in health care, and other areas, that improve the lives of people around the world,” Gov. Scott Walker said in a statement. “We need to do what we can to make sure these great ideas make it to the marketplace, so the UW’s medical research and inventions translate into products and companies in the health care field.”

According to a release, one of the first projects expected to be backed by the program is the commercialization of Alzheimer’s disease markers by the Wisconsin Alzheimer’s Institute.

Applicants for the seed fund will have their projects reviewed by an investment committee. Wi2 will begin inviting proposals this summer.