The Green Bay Packers and Microsoft announced the newest development for the Titletown District.
Titletown Tech will focus on developing and incubating new technology, and launching new companies. Packer CEO and President Mark Murphy says the partnership between the Green Bay Packers and Microsoft will be used to drive economic growth and job creation.
“Green Bay was at a disadvantage in similar sized communties across the county in the small percentage of college graduates.”
Murphy says the goal is to keep the graduates that are here, and attract others.
“We think Titletown generaly will be helpful in that regard, but this in particular, if we are able to start some exciting new businesses, that will be exciting.”
The new partnership will include a new building in the Titletown District.
The one-of-a-kind partnership will be aimed at boosting economic expansion, by bringing world-class digital innovations and expertise to Green Bay.
The focus will be on the Titletown Tech Accelerator, which will work with new and young companies to incubate new digital technology products and services.
The Venture Capital Fund will be the investments made to help launch new companies that participate in the Titletown Tech Accelerator.
Titletown Tech Labs will enable established businesses to send employees to work for 18 weeks at Titletown Tech, to develop new digital technology and services.
They will also spend time working with mentors, according to the plan.
Mark Murphy added “Economic development is the key to our regions future.”
The Packers and Microsoft will both invest $5-million to fund the project, and the Packers will construct the building.
Microsoft, in addition, will create a new Titletown Tech Mentorship Program, where mentors from all over the country will participate in the Titletown Tech Accelerator and Labs programs, according to Appleton Native, Brad Smith, President of Microsoft.
“I think this is an oppertunity to bring two world class organizations together, that have great complimentary strengths, but a great committement to the community.”
Smith added that the time is right for a project like this.
“We are living in a world where digital technology is changing everything, so we are really excited about the world class expertise that is going to come together in this facility.”
The plan is to break ground before the winter freeze, and to have the new building constructed by next fall, according to Murphy.
“It took about six seconds to realize that Titletown was the perfect place for this match to come together.”
