The impact of having GE Healthcare in its backyard is driving business in the state of Wisconsin to the tune of $1 billion annually, reports the Wisconsin Business Journal.
The other half of the story, according to the Journal, is that scientists at the University of Wisconsin have provided GE with clinical and engineering expertise as well as a steady influx of eager graduates. The partnership affords GE the opportunity to have a de facto research and development arm as well as a co-sponsor for federal grant opportunities.
According to an article in the Badger Herald, UW-Madison is one of the top five research universities in the country, flanked by UW-Milwaukee and Marquette University. Some of the imaging tech to emerge from this collaboration includes digital subtraction angiography, 3D MRI, and tomotherapy.
The Wisconsin Alumni Research Foundation is another link in the chain, helping to “support research on campus by bringing in revenue through commercializing discoveries,” according to the Badger Herald.