From there, Szymanski turned to at least seven different funding sources to keep research and development dollars flowing. When you're an entrepreneur, you have to not even think about it. You just go for it. Third Wave's success has done a lot to pave the way for that kind of attitude. Many believe its contribution to the development of a high-tech economy in Wisconsin is huge.
Success begets success.
Third Wave forged new funding ground. It is the first Wisconsin company in which the Wisconsin Alumni Research Foundation took stock in lieu of an up-front fee. Third Wave also was the first to get a prestigious Advanced Technology Grant from the U.S. Department of Commerce. Many hope Third Wave's success will serve as a role model - not only for budding entrepreneurs, but also for Wisconsin investors looking for new opportunities. Most agree the dearth of early stage capital in Wisconsin isn't for lack of money.