Michigan invests in university efforts to build businesses, jobs
The Michigan Strategic Fund (MSF) and the Michigan Economic Development Corp. Wednesday voted to invest $6.8 million in university-business partnerships focused on collaboration, commercialization, economic growth and job creation. The goal: partnerships between Michigan universities, including Wayne State, and the private sector focused on collaboration and commercialization of technologies. The board is investing $1.8 million to build a Corporate Relations Network for Michigan's Research Universities; $2.43 million to launch a Tech Transfer Talent Network; and $2.4 million to fund the Michigan Initiative for Innovation & Entrepreneurship and Michigan Universities Commercialization Initiative.