The University of Wisconsin announced recently a new strategic vision to foster entrepreneurship across campus titled, “Empowering the Wisconsin Idea: The Future of Entrepreneurship at the University of Wisconsin-Madison.”

According to a release, the report focuses on four areas: commit to excellence in entrepreneurship, establish campus leadership and structure to bolster entrepreneurship, create a culture to promote and celebrate entrepreneurship and expand access to capital.

Recommendations include establishing an on-campus entrepreneurship unit to coordinate efforts and fostering collaboration among partners, industry, students, alumni, and faculty.

“This report, and its recommendations, provide a roadmap not just to unify our existing programs, but to chart a new direction to further empower our entrepreneurial community to lead in ways that truly differentiate us on a national and global scale,” Chancellor Jennifer Mnookin said in a statement.

UW-Madison will collaborate with local partners such as the Wisconsin Alumni Research Foundation and University Research Park, among others, to implement the report’s findings and recommendations.