February 23, 2005

Study touts Wayne State\'s economic benefit

Great Lakes IT Report also included a story regarding Wayne State's announcement Tuesday about the university's economic benefits to Michigan. Editor Matt Roush noted that Wayne State attracts around $200 million in research funding a year, including a significant amount of technology research. The university has in recent years licensed technologies in medical devices, diagnostics, therapeutics, drug discoveries, research tools and engineering. Recent examples include a new method of removing arsenic from drinking water, a magnetic resonance microscopy method for studying biological systems, novel cancer detection technology and more. An estimated 35 to 40 percent of its technology licenses go to Michigan firms. Wayne State also has 14 start-up companies based on its technologies, 10 of which are in Michigan. For further information and to view the full report, visit www.wayne.edu/docs/eirwsu.pdf or www.AndersonEconomicGroup.com.

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