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NADO
TRAINING CONFERENCE
AUGUST 26, 2013
SAN FRANCISCO, CA
“Broadening Economic Development”
NORTHWEST REGIONAL PLANNING COMMISSION
Ashland, Bayfield,
Burnett, Douglas,
Iron, Price, Rusk,
Sawyer, Taylor,
Washburn, and
Tribal Nations of:
Bad River, Lac
Courte Oreilles,
Lac Du Flambeau,
Red Cliff, St. Croix
Population: 181,000
Size: 10,615
sq. miles
Created: 1959
NWRPC = UNIQUE
Venture Fund –
Wisconsin Rural Enterprise Fund (WREF)
Enterprise Center Network –
Six Business Incubators located
throughout the Region totaling 180,000
square feet
Business Start-up & Sold –
Botanic Oil Innovations, Inc.
New Business Start-up –
Wolf Wood, Inc.
WREF, LLC
• Eight investor members have
invested $2,125,000 into fund
• WREF has invested $2,077,880
in 13 different companies
• Return on investments has
been $473,386 as of 7/31/13
ENTERPRISE CENTER NETWORK
• 18 current
company
tenants
• 21 graduated
companies
“AND WE START AND MANAGE OUR OWN”
Business start-up and sold:
• Botanic Oil Innovations, Inc.
• Dietary Supplements – all natural “cold-
pressed” oils
• Bulk natural ingredients – sold to other
companies
• Pharmaceutical
• Nutraceutical
• Cosmetics
• Cancer Treatment Research
“NEW BUSINESS START-UP”
New business started June, 2011
• Wolf Wood, Inc.
• Research, development and
manufacture of thermally modified
wood products
• European technology
• Kiln purchased from Denmark
Company, manufactured in Spain
• Characteristics of Thermally Modified
Wood
• Dimensionally stable
• Water repellent – will not rot
• Insect resistant
• Retains surface color throughout its
thickness
• Totally natural – no chemicals used in
process
WOLF WOOD, INC.
• Research (develop recipes)
for low-value, underutilized
wood species found in
Northern Wisconsin (soft
maple, basswood, etc.)
• Develop thermally-modified
wood components for
wood products industries
such as window, door,
flooring, utensils, outdoor
furniture, etc.
• Partnership with University
of MN-Duluth – Natural
Resource Research
Institute
Wisconsin
Oven-roasted
Lignocelluslosic
Fiber
WISCONSIN BUSINESS
INNOVATION CORPORATION
MYRON SCHUSTER
mschuster@nwrpc.com
www.nwrpc.com
GO PACK GO!

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Schuster.monday

  • 1. NADO TRAINING CONFERENCE AUGUST 26, 2013 SAN FRANCISCO, CA “Broadening Economic Development”
  • 2. NORTHWEST REGIONAL PLANNING COMMISSION Ashland, Bayfield, Burnett, Douglas, Iron, Price, Rusk, Sawyer, Taylor, Washburn, and Tribal Nations of: Bad River, Lac Courte Oreilles, Lac Du Flambeau, Red Cliff, St. Croix Population: 181,000 Size: 10,615 sq. miles Created: 1959
  • 3. NWRPC = UNIQUE Venture Fund – Wisconsin Rural Enterprise Fund (WREF) Enterprise Center Network – Six Business Incubators located throughout the Region totaling 180,000 square feet Business Start-up & Sold – Botanic Oil Innovations, Inc. New Business Start-up – Wolf Wood, Inc.
  • 4. WREF, LLC • Eight investor members have invested $2,125,000 into fund • WREF has invested $2,077,880 in 13 different companies • Return on investments has been $473,386 as of 7/31/13
  • 5. ENTERPRISE CENTER NETWORK • 18 current company tenants • 21 graduated companies
  • 6. “AND WE START AND MANAGE OUR OWN” Business start-up and sold: • Botanic Oil Innovations, Inc. • Dietary Supplements – all natural “cold- pressed” oils • Bulk natural ingredients – sold to other companies • Pharmaceutical • Nutraceutical • Cosmetics • Cancer Treatment Research
  • 7. “NEW BUSINESS START-UP” New business started June, 2011 • Wolf Wood, Inc. • Research, development and manufacture of thermally modified wood products • European technology • Kiln purchased from Denmark Company, manufactured in Spain • Characteristics of Thermally Modified Wood • Dimensionally stable • Water repellent – will not rot • Insect resistant • Retains surface color throughout its thickness • Totally natural – no chemicals used in process
  • 8. WOLF WOOD, INC. • Research (develop recipes) for low-value, underutilized wood species found in Northern Wisconsin (soft maple, basswood, etc.) • Develop thermally-modified wood components for wood products industries such as window, door, flooring, utensils, outdoor furniture, etc. • Partnership with University of MN-Duluth – Natural Resource Research Institute Wisconsin Oven-roasted Lignocelluslosic Fiber
  • 9. WISCONSIN BUSINESS INNOVATION CORPORATION MYRON SCHUSTER mschuster@nwrpc.com www.nwrpc.com