As a student (and founder) at UW-Madison, I can honestly say, we are still very much lacking in financial resources necessary for a web/tech based startup. Mos

As a student (and founder) at UW-Madison, I can honestly say, we are still very much lacking in financial resources necessary for a web/tech based startup. Most of the VCs around here are interested in Biotech/bio based businesses and the angel networks are also heavily skewed toward that type of investment. That said, both Google and Microsoft are opening offices here and the CS dept. is accepting more people into their program. We've also recently gotten a Kauffman grant for UW-Madison, and student orgs like the UW Entrepreneurship Association and Collegiate Entreprenurs' Organization have been gaining popularity to allow for lots of different types of business ideas to develop if you're not looking for web based software. That's not to say there aren't any (We're one), but there are definitely fewer than SF/Boston/Twin Cities.