July 21, 2020
Bringing the Green Bay Legacy to the Startup World
Green Bay, Wisconsin – July 2020 marked the first operational year for TitletownTech, a venture studio and investment fund formed out of a partnership between the Green Bay Packers and Microsoft. Alongside the Packers and Microsoft, 14 additional companies contributed investment capital to complete the $25 million venture fund. During the past year, TitletownTech has been approached by nearly 1,000 budding entrepreneurs from all over the nation and around the globe. The fund has now invested in 14 of the most promising companies, several of which have moved into the 13,000 sq foot office space at Titletown. Two of these companies relocated their headquarters to Green Bay from California (ChemDirect) and Colorado (Quantum Radius) to build, grow, and scale with the benefit of the onsite resources and connections provided by TitletownTech and its network.
“The entrepreneurial talent drawn to the advantages that we offer with our unique network of partners and team continues to expand. We’re extremely excited about the trajectory and potential of our growing portfolio,” said Craig Dickman, Managing Director at TitletownTech.
TitletownTech has helped make Green Bay, Wis., a focal point on the entrepreneurial map. In StartupBlink’s 2020 Global Rankings Report, four Wisconsin cities climbed the ranks of the top 1,000 global cities to start a business. Green Bay, Appleton, Milwaukee, and Madison combined moved up 136 spots. All four cities landed in the top 600 but it was Green Bay that made the biggest jump – rising 44 spots.
“Providing cutting-edge capabilities in a state-of-the-art innovation center with global reach is attractive regardless of location, but when you offer that from a community rich with high quality of life and a low cost of living, it’s a perfect combination,” said Jill Enos, Managing Director.
In May, Oculogica and Strive MedTech, two TitletownTech companies, were featured in Trevor Noah’s discussion with Packers’ CEO Mark Murphy and Microsoft President Brad Smith. In the video, they discussed the impacts of COVID-19, the importance of innovation during this uncertain time, and how the Green Bay Packers are taking action to support their community members. Trusted Health, another TitletownTech investment, was ranked in Forbes’ Top 25 startups to reach $1 billion valuation earlier this year. TitletownTech seeks to continue and propel the Packers’ legacy by empowering entrepreneurs to reach new heights and redefine the art of the possible.
Formed out of a partnership between the Green Bay Packers and Microsoft, TitletownTech builds, enables and invests in early-stage and existing businesses. The organization identifies solutions, develops startups, and funds entrepreneurs across five key verticals: sports, media and entertainment; digital health; agriculture, water & environment; advanced manufacturing; and supply chain technology. Through a three-part structure, TitletownTech enables innovation, exploration, and disruption to address industry challenges. The Innovation Lab identifies and explores digital, transformative solutions. The Venture Studio develops creative market solutions with new and existing startups. The Venture Fund invests in high-growth scalable ventures that leverage the region’s strengths. titletowntech.com.