"It's a testament to our critical role as an industry and community connector and an invitation for us to do even more to stimulate innovation and collaboration," says chancellor Jennifer Mnookin of the University of Wisconsin-Madison, which has just been named an Innovation and Economic Prosperity University by the Association of Public and Land-grant Universities.
The APLU's designation recognizes the university's "significant, sustainable, and campus-wide commitment to economic engagement, including its past and future focus on innovation and entrepreneurship, technology transfer, talent and workforce development, and public service and community engagement," per a release.
The release notes that the university's economic impact to the state is estimated to be more than $30 billion per year.
The APLU's Innovation and Economic Prosperity University program aims to help universities strengthen their strategy and practices in economic and community development.
"From talent development to pathbreaking research to entrepreneurship and beyond, institutions have a central role to play in economic development," APLU President Mark Becker says in the release.
"We're pleased to recognize UW-Madison for its commitment to engaging its community around these issues to advance regional economic development."
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