Scale Up Milwaukee Scalerator Finale
Scale Up Milwaukee hosted the Scalerator Finale on March 20, 2015 featuring the graduating class and a plethora of supporters. We would like to thank each and every person who came out to show their support and all those who's thoughts were with the graduating class that day.
The Scalerator is a six month program taught by Babson faculty for businesses in the Milwaukee region poised for rapid growth. The companies have a total revenue of nearly $38,000,000 and anticipate growth of up to 50% over the next year. They will also hire over 150 new employees in 2015.
- Average projected growth rate of 2015 Scalerators in 2015 is 45%
- 2014 Total revenue of 2015 class is $37.8M
- Total economic activity from Scalerator 2013-2015 is $60M
- Number of projected hires by 2015 Scalerator participants in 2015 is 159
Scale Up Milwaukee celebrated regional economic growth with this unique event. It featured presentations from three Scalerator companies, Brilliance Business Solutions, Scathain, and Telcom & Data. Active engagement was encouraged from the audience as we ramped up excitement over the amazing growth these companies have achieved and will continue to accelerate.
It included messages of support from prominent community members, such as Mayor Tom Barrett who hopes the companies get rich, stay in Milwaukee, and hire his kids. President of Park Bank and Scale Up Milwaukee Steering Council co-chair David Werner spoke about his involvement in the program and the unique opportunity banks and business owners have to grow the region.
Unlike other graduation luncheons, this one did not celebrate only the 15 companies who participated in the program; it honored all players in the entrepreneurial ecosystem who have positively impacted the growth of the region. No other event has brought together these disparate names and organizations for the common purpose of celebrating economic development.
The venue was booked to capacity. Among the guests were David Lubar, Rich Meussen (Badger Meter), Wendy Baumann (WWBIC), Lee Swindall (WEDC), and Wyman Winston (WHEDA).