Story provided by Polo Rocha, WisBusiness.com

Wisconsin’s startup culture got another disappointing ranking from the Ewing Marion Kauffman Foundation, dropping three spots in its “growth entrepreneurship” index.

gener8tor co-founder Joe Kirgues said the disappointing figures largely stem from the state’s lack of venture capital funding. He said the state needs to work harder to encourage funding of early-stage companies, noting he’s visited other Midwest communities that “have been addressing this problem in earnest.”

Madison is in a significantly better position than other parts of the state, Kirgues said. But other communities should ensure their colleges take a page from UW-Madison and boost their research commercialization efforts.

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