Graphic from University of Wisconsin

Three-hundred eleven University of Wisconsin-related startups generated more than 24,972 jobs and contributed $2.3 billion to the local economy, a recent study by NorthStar Consulting found.

“The University of Wisconsin has thrived because of the investment Wisconsin’s taxpayers and leaders have made over many generations,” UW-Madison Chancellor Rebecca Blank said in a statement. “In turn, we are now a major economic driver. This study shows that there is no doubt that a strong UW-Madison is essential to the growth of Wisconsin’s economy.”

Overall, the study showed that startups, along with UW-Madison, UW Hospitals and Clinics and the university’s affiliated organizations, generate more than $847.5 million in state and local tax revenue and support 193,310 jobs in Wisconsin.